Take-Two Interactive Software (NASDAQ: TTWO – Get a review) was downgraded by TheStreet investment analysts from a “b” rating to a “c+” rating in a research report released Tuesday to clients and investors, TheStreetRatingsTable reports.
Several other research analysts have also recently published reports on TTWO. MKM Partners upgraded Take-Two Interactive Software from a “neutral” rating to a “buy” rating and set a price target of $200.00 for the company in a Friday, March 4 research report. Wedbush reduced its price target on Take-Two Interactive Software from $222.00 to $200.00 and set an “outperform” rating for the company in a Thursday, January 27 report. KeyCorp raised its price target on Take-Two Interactive Software from $185.00 to $190.00 and gave the company an “overweight” rating in a Tuesday, February 8 report. Exane BNP Paribas upgraded Take-Two Interactive Software from a “neutral” rating to an “outperforming” rating and reduced its price target for the company from $215.00 to $180.00 in a Wednesday 19 report. January. Finally, Wells Fargo & Company lowered its price target on Take-Two Interactive Software shares from $235.00 to $190.00 and set an “overweight” rating for the company in a Tuesday 11 research note. January. Four equity research analysts gave the stock a hold rating and thirteen gave the company a buy rating. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $198.06.
Shares of Take-Two Interactive Software opened at $158.32 on Tuesday. Take-Two Interactive Software has a 1-year minimum of $138.19 and a 1-year maximum of $195.82. The company has a market capitalization of $18.27 billion, a P/E ratio of 35.10, a P/E/G ratio of 4.17 and a beta of 0.65. The company has a 50-day moving average price of $163.19 and a 200-day moving average price of $166.41.
Take-Two Interactive Software (NASDAQ:TTWO – Get Rating) last released its quarterly earnings data on Monday, February 7. The company reported earnings per share (EPS) of $1.13 for the quarter, beating Thomson Reuters consensus estimate of $0.82 by $0.31. Take-Two Interactive Software achieved a return on equity of 15.63% and a net margin of 15.40%. The company posted revenue of $866.12 million in the quarter, versus a consensus estimate of $867.93 million. During the same period a year earlier, the company posted EPS of $0.95. The company’s quarterly revenue increased 6.4% compared to the same quarter last year. As a group, equity research analysts expect Take-Two Interactive Software to post earnings per share of 3.45 for the current fiscal year.
A number of hedge funds have recently increased or reduced their stakes in TTWO. Total Clarity Wealth Management Inc. purchased a new stock position in Take-Two Interactive Software during Q3 for $27,000. MCF Advisors LLC purchased a new stock position in Take-Two Interactive Software during Q3 for $32,000. Harel Insurance Investments & Financial Services Ltd. increased its stake in Take-Two Interactive Software by 140.5% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 178 shares of the company valued at $32,000 after purchasing an additional 104 shares in the last quarter. Huntington National Bank increased its stake in Take-Two Interactive Software by 62.3% in the fourth quarter. National Bank Huntington now owns 185 shares of the company valued at $33,000 after buying 71 additional shares in the last quarter. Finally, Toth Financial Advisory Corp increased its stake in Take-Two Interactive Software by 130.0% in the 3rd quarter. Toth Financial Advisory Corp now owns 230 shares of the company valued at $35,000 after buying 130 more shares in the last quarter. Institutional investors hold 84.68% of the company’s shares.
Take-Two Interactive Software Company Profile (Get an evaluation)
Take-Two Interactive Software, Inc. engages in the development, publishing and marketing of interactive software games. Its products are designed for console systems, portable gaming systems and personal computers, including smartphones and tablets, and are delivered through physical retail, digital download, online platforms and cloud streaming services.
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