Wedbush Reiterates “Outperform” Rating for Take-Two Interactive Software (NASDAQ:TTWO)

Take-Two Interactive Software (NASDAQ:TTWOGet Free Report)‘s stock had its “outperform” rating restated by Wedbush in a note issued to investors on Thursday,Benzinga reports. They currently have a $300.00 price objective on the stock. Wedbush’s price objective would suggest a potential upside of 36.18% from the company’s previous close.

TTWO has been the subject of several other research reports. B. Riley began coverage on Take-Two Interactive Software in a report on Wednesday, December 10th. They issued a “buy” rating and a $300.00 price objective for the company. Arete Research raised Take-Two Interactive Software from a “neutral” rating to a “buy” rating and set a $284.00 price target for the company in a research note on Monday, December 1st. Wall Street Zen cut shares of Take-Two Interactive Software from a “buy” rating to a “hold” rating in a report on Sunday, November 2nd. BMO Capital Markets upped their price objective on shares of Take-Two Interactive Software from $252.00 to $275.00 and gave the stock an “outperform” rating in a report on Friday, November 7th. Finally, Jefferies Financial Group lifted their target price on shares of Take-Two Interactive Software from $270.00 to $300.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $273.11.

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Take-Two Interactive Software Price Performance

Shares of Take-Two Interactive Software stock opened at $220.30 on Thursday. The firm has a market cap of $40.71 billion, a PE ratio of -9.75, a price-to-earnings-growth ratio of 3.82 and a beta of 0.92. Take-Two Interactive Software has a 12-month low of $181.86 and a 12-month high of $264.79. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.73. The company’s fifty day simple moving average is $246.65 and its two-hundred day simple moving average is $243.65.

Take-Two Interactive Software (NASDAQ:TTWOGet Free Report) last issued its quarterly earnings data on Thursday, November 6th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.91 by $0.13. The firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.71 billion. Take-Two Interactive Software had a negative net margin of 64.26% and a positive return on equity of 12.49%. The company’s quarterly revenue was up 33.3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($2.08) earnings per share. As a group, equities analysts expect that Take-Two Interactive Software will post 0.97 EPS for the current year.

Insider Activity

In other news, Director Michael Sheresky sold 182 shares of Take-Two Interactive Software stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $235.11, for a total transaction of $42,790.02. Following the completion of the transaction, the director directly owned 65,781 shares in the company, valued at approximately $15,465,770.91. This trade represents a 0.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ellen F. Siminoff sold 414 shares of the business’s stock in a transaction that occurred on Thursday, January 15th. The stock was sold at an average price of $245.48, for a total value of $101,628.72. Following the completion of the sale, the director directly owned 2,429 shares in the company, valued at approximately $596,270.92. This represents a 14.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,010 shares of company stock worth $242,102 in the last three months. 1.34% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. grew its stake in shares of Take-Two Interactive Software by 101.9% in the second quarter. Blue Trust Inc. now owns 105 shares of the company’s stock worth $26,000 after acquiring an additional 53 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Take-Two Interactive Software in the 3rd quarter worth about $26,000. Twin Peaks Wealth Advisors LLC bought a new position in Take-Two Interactive Software in the 2nd quarter worth about $27,000. GHP Investment Advisors Inc. purchased a new stake in Take-Two Interactive Software during the 4th quarter valued at about $28,000. Finally, Pinnacle Bancorp Inc. purchased a new stake in Take-Two Interactive Software during the 3rd quarter valued at about $29,000. Hedge funds and other institutional investors own 95.46% of the company’s stock.

Key Take-Two Interactive Software News

Here are the key news stories impacting Take-Two Interactive Software this week:

Take-Two Interactive Software Company Profile

(Get Free Report)

Take-Two Interactive Software is an American video game publisher headquartered in New York City. Founded in 1993 by Ryan Brant, the company is publicly traded on the NASDAQ under the ticker TTWO and is led by Chairman and CEO Strauss Zelnick. Take-Two operates through distinct publishing labels that manage development, marketing and distribution of interactive entertainment for a global audience.

Take-Two’s publishing portfolio includes Rockstar Games and 2K, as well as the Private Division label, which supports independent and mid-size developers.

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