Take-Two Interactive Software (NASDAQ:TTWO) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Take-Two Interactive Software (NASDAQ:TTWO) had its target price lifted by The Goldman Sachs Group from $186.00 to $205.00 in a report issued on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other research analysts also recently issued reports on TTWO. Wedbush reissued an “outperform” rating and set a $190.00 price objective on shares of Take-Two Interactive Software in a research report on Wednesday, August 21st. JPMorgan Chase & Co. cut their price target on Take-Two Interactive Software from $200.00 to $195.00 and set an “overweight” rating for the company in a research note on Tuesday, October 22nd. Morgan Stanley boosted their target price on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the stock an “overweight” rating in a report on Tuesday, July 23rd. Jefferies Financial Group upped their price target on shares of Take-Two Interactive Software from $175.00 to $185.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Finally, Redburn Atlantic started coverage on Take-Two Interactive Software in a research report on Thursday, August 29th. They set a “buy” rating and a $194.00 target price for the company. Two research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $188.05.

Take-Two Interactive Software Stock Performance

Take-Two Interactive Software stock traded down $1.27 during midday trading on Thursday, reaching $177.90. The stock had a trading volume of 2,202,982 shares, compared to its average volume of 1,617,011. The firm has a market capitalization of $31.18 billion, a PE ratio of -8.35, a P/E/G ratio of 5.09 and a beta of 0.85. The firm’s 50-day moving average price is $156.43 and its 200 day moving average price is $153.44. Take-Two Interactive Software has a 12 month low of $135.24 and a 12 month high of $180.53. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.51.

Take-Two Interactive Software (NASDAQ:TTWO) last posted its earnings results on Thursday, August 8th. The company reported ($0.30) EPS for the quarter, topping the consensus estimate of ($0.39) by $0.09. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Take-Two Interactive Software had a positive return on equity of 0.49% and a negative net margin of 66.38%. As a group, research analysts predict that Take-Two Interactive Software will post 1.01 earnings per share for the current fiscal year.

Insider Activity

In other Take-Two Interactive Software news, Director Michael Sheresky sold 191 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $149.83, for a total value of $28,617.53. Following the completion of the transaction, the director now owns 64,378 shares in the company, valued at $9,645,755.74. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.45% of the company’s stock.

Hedge Funds Weigh In On Take-Two Interactive Software

A number of institutional investors have recently made changes to their positions in TTWO. ORG Partners LLC boosted its stake in Take-Two Interactive Software by 5,533.3% during the 1st quarter. ORG Partners LLC now owns 169 shares of the company’s stock valued at $25,000 after acquiring an additional 166 shares during the last quarter. Crewe Advisors LLC increased its holdings in shares of Take-Two Interactive Software by 297.9% in the 2nd quarter. Crewe Advisors LLC now owns 191 shares of the company’s stock valued at $30,000 after acquiring an additional 143 shares during the last quarter. UMB Bank n.a. lifted its stake in Take-Two Interactive Software by 155.1% during the second quarter. UMB Bank n.a. now owns 199 shares of the company’s stock worth $31,000 after purchasing an additional 121 shares during the last quarter. Blue Trust Inc. raised its position in shares of Take-Two Interactive Software by 410.6% during the 2nd quarter. Blue Trust Inc. now owns 240 shares of the company’s stock worth $36,000 after purchasing an additional 193 shares during the period. Finally, HHM Wealth Advisors LLC bought a new position in Take-Two Interactive Software during the 2nd quarter valued at $37,000. 95.46% of the stock is owned by institutional investors and hedge funds.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.