TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) Receives $145.19 Average Target Price from Analysts

Shares of TAKE-TWO INTERACTIVE SOFTWARE, INC (NASDAQ:TTWO) have been given an average recommendation of “Buy” by the thirty brokerages that are currently covering the company, Marketbeat.com reports. Ten analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $145.19.

Several research firms have recently issued reports on TTWO. Oppenheimer began coverage on TAKE-TWO INTERACTIVE SOFTWARE in a research report on Friday, June 12th. They set a “buy” rating and a $155.00 target price for the company. Benchmark boosted their target price on TAKE-TWO INTERACTIVE SOFTWARE from $142.00 to $149.00 and gave the stock a “buy” rating in a research report on Tuesday, May 19th. MKM Partners upgraded TAKE-TWO INTERACTIVE SOFTWARE from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $145.00 to $160.00 in a research report on Friday, June 12th. Wells Fargo & Co restated a “buy” rating and set a $165.00 target price on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research report on Thursday, May 28th. Finally, Zacks Investment Research lowered TAKE-TWO INTERACTIVE SOFTWARE from a “strong-buy” rating to a “hold” rating and set a $147.00 target price for the company. in a research report on Friday, June 5th.

In other news, insider Daniel P. Emerson sold 4,261 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $135.04, for a total transaction of $575,405.44. Following the sale, the insider now owns 39,953 shares in the company, valued at approximately $5,395,253.12. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Strauss Zelnick sold 216,665 shares of the company’s stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of $118.97, for a total value of $25,776,635.05. The disclosure for this sale can be found here. Insiders sold a total of 264,735 shares of company stock worth $32,223,604 in the last 90 days. Company insiders own 1.20% of the company’s stock.

Several institutional investors have recently made changes to their positions in TTWO. Capital Square LLC bought a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE during the 1st quarter worth approximately $25,000. Assetmark Inc. raised its stake in TAKE-TWO INTERACTIVE SOFTWARE by 287.7% in the 4th quarter. Assetmark Inc. now owns 221 shares of the company’s stock valued at $27,000 after acquiring an additional 164 shares during the period. BDO Wealth Advisors LLC raised its stake in TAKE-TWO INTERACTIVE SOFTWARE by 666.7% in the 1st quarter. BDO Wealth Advisors LLC now owns 230 shares of the company’s stock valued at $27,000 after acquiring an additional 200 shares during the period. Ameritas Investment Company LLC bought a new stake in TAKE-TWO INTERACTIVE SOFTWARE in the 1st quarter valued at $30,000. Finally, Catalyst Capital Advisors LLC bought a new stake in TAKE-TWO INTERACTIVE SOFTWARE in the 1st quarter valued at $36,000. Institutional investors own 92.27% of the company’s stock.

NASDAQ:TTWO traded up $0.78 on Friday, hitting $141.18. 2,465,567 shares of the stock were exchanged, compared to its average volume of 2,191,695. The stock has a market capitalization of $15.92 billion, a price-to-earnings ratio of 39.88, a P/E/G ratio of 9.87 and a beta of 0.58. TAKE-TWO INTERACTIVE SOFTWARE has a 52 week low of $100.00 and a 52 week high of $149.28. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.70 and a current ratio of 1.71. The company’s 50-day moving average price is $135.57 and its 200 day moving average price is $123.88.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last announced its quarterly earnings data on Wednesday, May 20th. The company reported $1.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.60. The firm had revenue of $729.42 million during the quarter, compared to analysts’ expectations of $585.27 million. TAKE-TWO INTERACTIVE SOFTWARE had a return on equity of 18.22% and a net margin of 13.09%. The company’s quarterly revenue was up 49.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.78 EPS. As a group, equities research analysts predict that TAKE-TWO INTERACTIVE SOFTWARE will post 2.52 earnings per share for the current year.

About TAKE-TWO INTERACTIVE SOFTWARE

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.

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

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