TAKE-TWO INTERACTIVE SOFTWARE (TTWO) Given a $150.00 Price Target at Wedbush

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) has been given a $150.00 price objective by Wedbush in a research note issued on Thursday. The firm currently has a “buy” rating on the stock. Wedbush’s target price would suggest a potential upside of 32.68% from the company’s current price.

A number of other equities analysts have also weighed in on the stock. BidaskClub raised shares of TAKE-TWO INTERACTIVE SOFTWARE from a “hold” rating to a “buy” rating in a research report on Friday, September 14th. Bank of America boosted their target price on shares of TAKE-TWO INTERACTIVE SOFTWARE from $143.00 to $151.00 and gave the company a “buy” rating in a report on Thursday, August 30th. Stifel Nicolaus boosted their target price on shares of TAKE-TWO INTERACTIVE SOFTWARE from $137.00 to $144.00 and gave the company a “buy” rating in a report on Tuesday, September 11th. Sanford C. Bernstein began coverage on shares of TAKE-TWO INTERACTIVE SOFTWARE in a report on Tuesday, October 9th. They issued an “outperform” rating and a $175.00 target price for the company. Finally, BMO Capital Markets boosted their target price on shares of TAKE-TWO INTERACTIVE SOFTWARE from $116.00 to $119.00 and gave the company a “market perform” rating in a report on Monday, August 6th. Five analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $144.94.

Shares of NASDAQ:TTWO traded down $6.09 during trading on Thursday, reaching $113.05. The stock had a trading volume of 6,326,405 shares, compared to its average volume of 2,677,848. The firm has a market cap of $14.32 billion, a PE ratio of 49.15, a P/E/G ratio of 2.52 and a beta of 1.09. TAKE-TWO INTERACTIVE SOFTWARE has a fifty-two week low of $92.81 and a fifty-two week high of $139.91.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last posted its quarterly earnings data on Wednesday, November 7th. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.16. The business had revenue of $583.42 million during the quarter, compared to analyst estimates of $549.87 million. TAKE-TWO INTERACTIVE SOFTWARE had a net margin of 11.76% and a return on equity of 19.13%. The company’s revenue was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.09 earnings per share. Equities analysts expect that TAKE-TWO INTERACTIVE SOFTWARE will post 2.98 earnings per share for the current year.

In other TAKE-TWO INTERACTIVE SOFTWARE news, VP Daniel P. Emerson sold 13,268 shares of the business’s stock in a transaction that occurred on Wednesday, October 10th. The shares were sold at an average price of $123.63, for a total transaction of $1,640,322.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul E. Viera acquired 75,000 shares of the firm’s stock in a transaction on Monday, August 27th. The shares were acquired at an average price of $133.93 per share, with a total value of $10,044,750.00. Following the completion of the purchase, the director now owns 926 shares of the company’s stock, valued at $124,019.18. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 36,463 shares of company stock valued at $4,664,100. 1.07% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. grew its stake in TAKE-TWO INTERACTIVE SOFTWARE by 8.3% during the third quarter. PNC Financial Services Group Inc. now owns 5,932 shares of the company’s stock worth $819,000 after buying an additional 453 shares during the period. Castleark Management LLC lifted its position in shares of TAKE-TWO INTERACTIVE SOFTWARE by 10.7% during the second quarter. Castleark Management LLC now owns 4,865 shares of the company’s stock worth $576,000 after purchasing an additional 470 shares in the last quarter. DNB Asset Management AS lifted its position in shares of TAKE-TWO INTERACTIVE SOFTWARE by 4.7% during the third quarter. DNB Asset Management AS now owns 11,200 shares of the company’s stock worth $1,545,000 after purchasing an additional 500 shares in the last quarter. Capital Advisors Ltd. LLC lifted its position in shares of TAKE-TWO INTERACTIVE SOFTWARE by 169.9% during the third quarter. Capital Advisors Ltd. LLC now owns 834 shares of the company’s stock worth $115,000 after purchasing an additional 525 shares in the last quarter. Finally, First National Bank of Hutchinson lifted its position in shares of TAKE-TWO INTERACTIVE SOFTWARE by 14.2% during the third quarter. First National Bank of Hutchinson now owns 4,329 shares of the company’s stock worth $597,000 after purchasing an additional 538 shares in the last quarter. Institutional investors own 93.93% of the company’s stock.

TAKE-TWO INTERACTIVE SOFTWARE Company Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games and 2K labels, as well as under Private Division and Social Point labels. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead names through developing sequels; and offers downloadable episodes, content and virtual currency, and releasing titles for smartphones and tablets.

Featured Article: Reverse Stock Split

Analyst Recommendations for TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO)

Receive News & Ratings for TAKE-TWO INTERACTIVE SOFTWARE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TAKE-TWO INTERACTIVE SOFTWARE and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit