Take-Two Interactive Software (NASDAQ:TTWO) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Take-Two Interactive Software (NASDAQ:TTWO) had its target price hoisted by research analysts at Robert W. Baird from $172.00 to $181.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Robert W. Baird’s target price would indicate a potential upside of 1.92% from the company’s previous close.

A number of other research firms also recently weighed in on TTWO. Hsbc Global Res raised Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating in a report on Monday, August 12th. Roth Mkm upped their target price on shares of Take-Two Interactive Software from $180.00 to $182.00 and gave the company a “buy” rating in a research report on Thursday. The Goldman Sachs Group upped their target price on shares of Take-Two Interactive Software from $186.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday. Bank of America reissued a “buy” rating and issued a $185.00 price target on shares of Take-Two Interactive Software in a report on Wednesday, August 21st. Finally, JPMorgan Chase & Co. reduced their target price on shares of 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. Two equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $187.65.

Take-Two Interactive Software Stock Performance

Shares of Take-Two Interactive Software stock traded up $10.97 during trading on Thursday, reaching $177.59. The company’s stock had a trading volume of 1,858,375 shares, compared to its average volume of 1,605,074. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.90 and a current ratio of 0.90. The business’s fifty day moving average price is $156.06 and its 200-day moving average price is $153.26. The firm has a market cap of $31.13 billion, a price-to-earnings ratio of -7.95, a price-to-earnings-growth ratio of 4.98 and a beta of 0.85. Take-Two Interactive Software has a one year low of $135.24 and a one year high of $177.98.

Take-Two Interactive Software (NASDAQ:TTWO) last released its earnings results on Thursday, August 8th. The company reported ($0.30) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.09. Take-Two Interactive Software had a positive return on equity of 1.74% and a negative net margin of 70.33%. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.24 billion. As a group, equities research analysts predict that Take-Two Interactive Software will post 1.01 earnings per share for the current year.

Insider Transactions at Take-Two Interactive Software

In related news, Director Michael Sheresky sold 191 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $149.83, for a total transaction of $28,617.53. Following the sale, the director now owns 64,378 shares in the company, valued at $9,645,755.74. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.45% of the company’s stock.

Institutional Trading of Take-Two Interactive Software

Several hedge funds and other institutional investors have recently made changes to their positions in TTWO. ORG Partners LLC boosted its position 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 worth $25,000 after buying an additional 166 shares during the period. Crewe Advisors LLC lifted its holdings in shares of Take-Two Interactive Software by 297.9% during the second quarter. Crewe Advisors LLC now owns 191 shares of the company’s stock worth $30,000 after purchasing an additional 143 shares during the period. UMB Bank n.a. grew its stake in shares of Take-Two Interactive Software by 155.1% in 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. increased its holdings in Take-Two Interactive Software by 410.6% in the second quarter. Blue Trust Inc. now owns 240 shares of the company’s stock valued at $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 worth $37,000. 95.46% of the stock is currently owned by institutional investors.

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.