Equities research analysts at Citigroup initiated coverage on shares of Take-Two Interactive Software (NASDAQ:TTWO – Get Rating) in a note issued to investors on Friday, MarketBeat Ratings reports. The firm sets a “neutral” rating and a $105.00 price target on the stock. Citigroup’s price target would indicate a potential upside of 2.88% from the company’s previous close.
Several other research firms have also weighed in on TTWO. Cowen reduced their price objective on Take-Two Interactive Software from $185.00 to $147.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 8th. Morgan Stanley reduced their price objective on Take-Two Interactive Software from $150.00 to $145.00 and set an “overweight” rating on the stock in a research note on Monday, November 28th. Credit Suisse Group cut their price target on Take-Two Interactive Software from $137.00 to $122.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 8th. Wedbush cut their price target on Take-Two Interactive Software from $162.00 to $140.00 in a research note on Tuesday, November 8th. Finally, MKM Partners cut their price target on Take-Two Interactive Software to $140.00 in a research note on Tuesday, November 15th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, Take-Two Interactive Software currently has an average rating of “Moderate Buy” and a consensus price target of $149.59.
Take-Two Interactive Software Stock Performance
TTWO opened at $102.06 on Friday. The firm has a market cap of $17.13 billion, a P/E ratio of -927.82, a price-to-earnings-growth ratio of 2.76 and a beta of 0.76. Take-Two Interactive Software has a 52-week low of $90.00 and a 52-week high of $182.25. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.94 and a current ratio of 0.94. The business’s fifty day moving average is $110.22 and its 200-day moving average is $119.75.
Take-Two Interactive Software (NASDAQ:TTWO – Get Rating) last released its quarterly earnings data on Monday, November 7th. The company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.15). The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.52 billion. Take-Two Interactive Software has a negative net margin of 2.44% and a positive return on equity of 6.01%. Sell-side analysts expect that Take-Two Interactive Software will post 2.23 EPS for the current fiscal year.
Institutional Investors Weigh In On Take-Two Interactive Software
Several hedge funds and other institutional investors have recently modified their holdings of TTWO. Duality Advisers LP bought a new stake in shares of Take-Two Interactive Software during the first quarter valued at approximately $318,000. Swiss National Bank increased its holdings in shares of Take-Two Interactive Software by 12.8% during the first quarter. Swiss National Bank now owns 499,457 shares of the company’s stock valued at $76,787,000 after acquiring an additional 56,500 shares in the last quarter. Scotia Capital Inc. increased its holdings in shares of Take-Two Interactive Software by 3.8% during the first quarter. Scotia Capital Inc. now owns 3,551 shares of the company’s stock valued at $546,000 after acquiring an additional 131 shares in the last quarter. OLD National Bancorp IN increased its holdings in shares of Take-Two Interactive Software by 9.0% during the first quarter. OLD National Bancorp IN now owns 1,953 shares of the company’s stock valued at $301,000 after acquiring an additional 162 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its holdings in shares of Take-Two Interactive Software by 7.7% during the first quarter. Treasurer of the State of North Carolina now owns 51,286 shares of the company’s stock valued at $7,885,000 after acquiring an additional 3,653 shares in the last quarter. Institutional investors own 95.43% of the company’s stock.
About Take-Two Interactive Software
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Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, and T2 Mobile Games names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead Redemption names; and offers episodes and content, as well as develops brands in other genres, including the LA Noire, Bully, and Manhunt franchises.
Further Reading
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