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

Take-Two Interactive Software (NASDAQ:TTWO)‘s stock had its “outperform” rating reissued by research analysts at Wedbush in a research note issued on Wednesday, Benzinga reports. They presently have a $190.00 target price on the stock. Wedbush’s price objective indicates a potential upside of 32.12% from the company’s current price.

Several other equities research analysts also recently weighed in on the company. Moffett Nathanson downgraded Take-Two Interactive Software from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $169.00 to $167.00 in a report on Monday, February 5th. Wells Fargo & Company lifted their target price on shares of Take-Two Interactive Software from $170.00 to $193.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. JPMorgan Chase & Co. decreased their price target on shares of Take-Two Interactive Software from $188.00 to $180.00 and set an “overweight” rating for the company in a report on Friday, February 9th. Citigroup upgraded shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $170.00 to $200.00 in a research note on Monday, April 8th. Finally, Roth Mkm raised their target price on Take-Two Interactive Software from $168.00 to $185.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $176.39.

Take-Two Interactive Software Stock Down 1.1 %

NASDAQ TTWO traded down $1.64 during midday trading on Wednesday, hitting $143.81. 821,962 shares of the company traded hands, compared to its average volume of 1,657,245. Take-Two Interactive Software has a 52 week low of $119.57 and a 52 week high of $171.59. The company’s 50-day simple moving average is $149.97 and its 200-day simple moving average is $152.21. The company has a market cap of $24.53 billion, a PE ratio of -16.76, a price-to-earnings-growth ratio of 1.24 and a beta of 0.74. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.82 and a quick ratio of 0.82.

Take-Two Interactive Software (NASDAQ:TTWO) last announced its earnings results on Thursday, February 8th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.02). Take-Two Interactive Software had a positive return on equity of 3.03% and a negative net margin of 26.90%. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.34 billion. As a group, equities research analysts forecast that Take-Two Interactive Software will post 0.87 earnings per share for the current year.

Insider Buying and Selling

In other news, President Karl Slatoff sold 90,851 shares of the stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $148.54, for a total transaction of $13,495,007.54. Following the transaction, the president now owns 87,286 shares in the company, valued at approximately $12,965,462.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, President Karl Slatoff sold 90,851 shares of the firm’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $148.54, for a total value of $13,495,007.54. Following the transaction, the president now directly owns 87,286 shares of the company’s stock, valued at approximately $12,965,462.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael Sheresky sold 260 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $155.72, for a total value of $40,487.20. Following the sale, the director now owns 63,645 shares of the company’s stock, valued at $9,910,799.40. The disclosure for this sale can be found here. 1.37% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Harbour Capital Advisors LLC raised its position in shares of Take-Two Interactive Software by 1.7% in the first quarter. Harbour Capital Advisors LLC now owns 7,738 shares of the company’s stock valued at $1,157,000 after buying an additional 127 shares during the last quarter. Fifth Third Wealth Advisors LLC acquired a new stake in Take-Two Interactive Software in the 1st quarter valued at about $496,000. Wealth Enhancement Advisory Services LLC lifted its stake in Take-Two Interactive Software by 6.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 15,834 shares of the company’s stock worth $2,351,000 after purchasing an additional 960 shares in the last quarter. Eagle Rock Investment Company LLC boosted its holdings in shares of Take-Two Interactive Software by 1.8% during the 1st quarter. Eagle Rock Investment Company LLC now owns 11,769 shares of the company’s stock worth $1,748,000 after purchasing an additional 204 shares during the last quarter. Finally, Anderson Hoagland & Co. increased its holdings in shares of Take-Two Interactive Software by 6.9% in the first quarter. Anderson Hoagland & Co. now owns 23,066 shares of the company’s stock valued at $3,509,000 after purchasing an additional 1,492 shares during the last quarter. Hedge funds and other institutional investors own 95.46% 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, 2K, Private Division, and Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names.