Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Receives $294.44 Consensus Price Target from Analysts

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has received a consensus recommendation of “Moderate Buy” from the nineteen brokerages that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $294.4375.

TTWO has been the subject of several research reports. Wells Fargo & Company lifted their target price on shares of Take-Two Interactive Software from $287.00 to $289.00 and gave the company an “overweight” rating in a report on Tuesday, July 7th. BMO Capital Markets upped their price target on Take-Two Interactive Software from $280.00 to $285.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. Piper Sandler restated an “overweight” rating on shares of Take-Two Interactive Software in a research report on Tuesday, June 16th. BTIG Research reaffirmed a “buy” rating and issued a $293.00 price objective on shares of Take-Two Interactive Software in a research note on Thursday, July 2nd. Finally, Bank of America boosted their price objective on Take-Two Interactive Software from $320.00 to $368.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd.

Insider Activity at Take-Two Interactive Software

In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 21,102 shares of Take-Two Interactive Software stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $219.61, for a total value of $4,634,210.22. Following the completion of the transaction, the insider directly owned 131,668 shares of the company’s stock, valued at $28,915,609.48. The trade was a 13.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Jon J. Moses sold 500 shares of Take-Two Interactive Software stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $215.22, for a total value of $107,610.00. Following the completion of the transaction, the director directly owned 22,368 shares of the company’s stock, valued at approximately $4,814,040.96. This represents a 2.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 569,936 shares of company stock worth $128,431,438 over the last ninety days. Company insiders own 1.34% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. MCF Advisors LLC purchased a new position in Take-Two Interactive Software in the 4th quarter valued at approximately $25,000. Mosley Wealth Management increased its position in shares of Take-Two Interactive Software by 266.7% during the second quarter. Mosley Wealth Management now owns 110 shares of the company’s stock worth $27,000 after acquiring an additional 80 shares during the period. GHP Investment Advisors Inc. purchased a new stake in shares of Take-Two Interactive Software during the fourth quarter worth $28,000. Essential Partners LLC increased its position in shares of Take-Two Interactive Software by 333.3% during the first quarter. Essential Partners LLC now owns 169 shares of the company’s stock worth $33,000 after acquiring an additional 130 shares during the period. Finally, Rachor Investment Advisory Services LLC acquired a new stake in shares of Take-Two Interactive Software in the fourth quarter valued at $34,000. Institutional investors and hedge funds own 95.46% of the company’s stock.

Take-Two Interactive Software Stock Performance

Shares of TTWO stock opened at $231.65 on Friday. The firm’s 50 day moving average price is $233.61 and its 200-day moving average price is $221.74. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.24 and a current ratio of 1.24. Take-Two Interactive Software has a one year low of $187.63 and a one year high of $265.94. The firm has a market cap of $43.01 billion, a P/E ratio of -142.99, a P/E/G ratio of 4.44 and a beta of 0.96.

Take-Two Interactive Software Company Profile

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.