TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) Rating Lowered to Buy at BidaskClub

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) was downgraded by BidaskClub from a “strong-buy” rating to a “buy” rating in a report issued on Friday, BidAskClub reports.

TTWO has been the topic of several other reports. KeyCorp lowered their target price on shares of TAKE-TWO INTERACTIVE SOFTWARE from $152.00 to $133.00 and set an “overweight” rating on the stock in a report on Tuesday, May 14th. Zacks Investment Research cut shares of TAKE-TWO INTERACTIVE SOFTWARE from a “hold” rating to a “sell” rating in a research note on Thursday, May 16th. Wedbush reaffirmed an “outperform” rating and set a $126.00 target price (up previously from $119.00) on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research note on Wednesday, May 8th. Credit Suisse Group lifted their price target on shares of TAKE-TWO INTERACTIVE SOFTWARE from $115.00 to $119.00 and gave the stock a “neutral” rating in a report on Tuesday, May 14th. Finally, Stephens set a $110.00 price target on shares of TAKE-TWO INTERACTIVE SOFTWARE and gave the stock a “buy” rating in a report on Tuesday, March 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nineteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $126.90.

TTWO stock opened at $110.72 on Friday. The firm has a market capitalization of $12.23 billion, a PE ratio of 28.54, a P/E/G ratio of 3.37 and a beta of 0.83. TAKE-TWO INTERACTIVE SOFTWARE has a twelve month low of $84.41 and a twelve month high of $139.91.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last released its quarterly earnings data on Monday, May 13th. The company reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.07). The firm had revenue of $488.40 million during the quarter, compared to the consensus estimate of $500.86 million. TAKE-TWO INTERACTIVE SOFTWARE had a net margin of 12.51% and a return on equity of 25.62%. TAKE-TWO INTERACTIVE SOFTWARE’s quarterly revenue was up 18.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.70 EPS. Sell-side analysts forecast that TAKE-TWO INTERACTIVE SOFTWARE will post 2.89 earnings per share for the current year.

In other TAKE-TWO INTERACTIVE SOFTWARE news, CEO Strauss Zelnick sold 144,614 shares of the firm’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $94.05, for a total value of $13,600,946.70. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.07% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in TTWO. Phocas Financial Corp. bought a new stake in shares of TAKE-TWO INTERACTIVE SOFTWARE in the fourth quarter worth approximately $26,000. Synovus Financial Corp raised its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 381.5% during the 4th quarter. Synovus Financial Corp now owns 260 shares of the company’s stock worth $27,000 after acquiring an additional 206 shares during the period. CSat Investment Advisory L.P. raised its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 65.5% during the 1st quarter. CSat Investment Advisory L.P. now owns 336 shares of the company’s stock worth $32,000 after acquiring an additional 133 shares during the period. Exane Derivatives purchased a new position in shares of TAKE-TWO INTERACTIVE SOFTWARE during the 1st quarter worth $37,000. Finally, First Hawaiian Bank raised its holdings in shares of TAKE-TWO INTERACTIVE SOFTWARE by 46.7% during the 1st quarter. First Hawaiian Bank now owns 440 shares of the company’s stock worth $42,000 after acquiring an additional 140 shares during the period. Institutional investors and hedge funds own 93.83% of the company’s stock.

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.

Further Reading: Derivative

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

Receive News & Ratings for TAKE-TWO INTERACTIVE SOFTWARE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TAKE-TWO INTERACTIVE SOFTWARE and related companies with MarketBeat.com's FREE daily email newsletter.