Take-Two Interactive Software, Inc. (TTWO) Now Covered by Analysts at Goldman Sachs Group, Inc. (The)
Equities research analysts at Goldman Sachs Group, Inc. (The) initiated coverage on shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) in a report released on Friday, Marketbeat.com reports. The brokerage set a “buy” rating and a $118.00 price target on the stock. Goldman Sachs Group, Inc. (The)’s target price points to a potential upside of 18.45% from the company’s current price.
Other equities analysts have also issued research reports about the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $74.00 price target (up previously from $64.00) on shares of Take-Two Interactive Software in a research report on Thursday, May 18th. Benchmark Co. reaffirmed a “buy” rating and issued a $85.00 price target (up previously from $77.00) on shares of Take-Two Interactive Software in a research report on Wednesday, May 24th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $65.00 price target on shares of Take-Two Interactive Software in a research report on Tuesday, May 23rd. MKM Partners reaffirmed a “buy” rating and issued a $80.00 price target (up previously from $63.00) on shares of Take-Two Interactive Software in a research report on Tuesday, May 23rd. Finally, Bank of America Corporation lifted their price target on Take-Two Interactive Software from $67.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, May 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $87.42.
Take-Two Interactive Software (NASDAQ TTWO) traded up 0.12% during mid-day trading on Friday, hitting $99.62. 1,256,461 shares of the stock traded hands. The firm’s 50-day moving average is $89.38 and its 200 day moving average is $72.24. Take-Two Interactive Software has a 52-week low of $41.70 and a 52-week high of $100.32. The firm has a market cap of $10.41 billion, a P/E ratio of 58.81 and a beta of 0.77.
Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.25. The firm had revenue of $348.30 million during the quarter, compared to analyst estimates of $280.70 million. Take-Two Interactive Software had a return on equity of 28.89% and a net margin of 8.73%. Take-Two Interactive Software’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.21) EPS. Equities analysts predict that Take-Two Interactive Software will post $2.16 EPS for the current fiscal year.
In other Take-Two Interactive Software news, Director Michael Sheresky sold 465 shares of the business’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $89.96, for a total transaction of $41,831.40. Following the completion of the sale, the director now directly owns 69,006 shares in the company, valued at approximately $6,207,779.76. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Strauss Zelnick sold 50,000 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $87.81, for a total value of $4,390,500.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 87,465 shares of company stock valued at $7,677,331. Corporate insiders own 1.55% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp grew its stake in shares of Take-Two Interactive Software by 6.4% during the 1st quarter. Fifth Third Bancorp now owns 1,685 shares of the company’s stock valued at $100,000 after purchasing an additional 101 shares during the period. Meeder Asset Management Inc. bought a new stake in shares of Take-Two Interactive Software during the 1st quarter valued at about $114,000. Smithfield Trust Co. bought a new stake in shares of Take-Two Interactive Software during the 2nd quarter valued at about $125,000. Crow Point Partners LLC lifted its position in shares of Take-Two Interactive Software by 63.4% during the 2nd quarter. Crow Point Partners LLC now owns 1,775 shares of the company’s stock valued at $129,000 after buying an additional 689 shares in the last quarter. Finally, Fortaleza Asset Management Inc. purchased a new position in shares of Take-Two Interactive Software during the 2nd quarter valued at about $134,000. Institutional investors and hedge funds own 96.20% of the company’s stock.
Take-Two Interactive Software Company Profile
Take-Two Interactive Software, Inc is a developer, publisher and marketer of entertainment for consumers around the world. The Company develops and publishes products through its labels, Rockstar Games and 2K. It operates through publishing segment. It has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world.
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