Oppenheimer Reiterates “Outperform” Rating for Take-Two Interactive Software (NASDAQ:TTWO)

Take-Two Interactive Software (NASDAQ:TTWO)‘s stock had its “outperform” rating reissued by equities researchers at Oppenheimer in a report issued on Tuesday, Benzinga reports. They currently have a $185.00 target price on the stock. Oppenheimer’s price objective suggests a potential upside of 29.52% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. Moffett Nathanson downgraded shares of Take-Two Interactive Software from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $169.00 to $167.00 in a research report on Monday, February 5th. Benchmark reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Take-Two Interactive Software in a report on Friday, April 19th. Jefferies Financial Group initiated coverage on shares of Take-Two Interactive Software in a research note on Monday, April 1st. They issued a “buy” rating and a $195.00 target price for the company. BMO Capital Markets initiated coverage on shares of Take-Two Interactive Software in a research note on Tuesday, January 9th. They issued an “outperform” rating and a $200.00 target price for the company. Finally, The Goldman Sachs Group boosted their target price on shares of Take-Two Interactive Software from $165.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, January 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $177.61.

Take-Two Interactive Software Trading Up 0.8 %

Shares of TTWO opened at $142.83 on Tuesday. Take-Two Interactive Software has a 1-year low of $119.57 and a 1-year high of $171.59. The company has a 50-day moving average of $147.78 and a 200 day moving average of $152.21. The firm has a market capitalization of $24.37 billion, a price-to-earnings ratio of -16.65, a PEG ratio of 1.19 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 posted its quarterly earnings results on Thursday, February 8th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.02). Take-Two Interactive Software had a negative net margin of 26.90% and a positive return on equity of 3.03%. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.34 billion. On average, research analysts expect that Take-Two Interactive Software will post 0.87 EPS for the current year.

Insider Activity

In related news, President Karl Slatoff sold 90,851 shares of the stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $148.54, for a total transaction of $13,495,007.54. Following the completion of the sale, the president now owns 87,286 shares of the company’s stock, valued at approximately $12,965,462.44. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Michael Sheresky sold 260 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $155.72, for a total transaction of $40,487.20. Following the completion of the sale, the director now owns 63,645 shares of the company’s stock, valued at approximately $9,910,799.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 sale, the president now directly owns 87,286 shares of the company’s stock, valued at approximately $12,965,462.44. The disclosure for this sale can be found here. Corporate insiders own 1.37% of the company’s stock.

Institutional Trading of Take-Two Interactive Software

Several large investors have recently bought and sold shares of TTWO. Cary Street Partners Investment Advisory LLC grew its position in Take-Two Interactive Software by 110.7% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 177 shares of the company’s stock valued at $25,000 after acquiring an additional 93 shares in the last quarter. CVA Family Office LLC acquired a new stake in Take-Two Interactive Software in the fourth quarter valued at approximately $25,000. MCF Advisors LLC grew its position in Take-Two Interactive Software by 1,677.8% in the fourth quarter. MCF Advisors LLC now owns 160 shares of the company’s stock valued at $26,000 after acquiring an additional 151 shares in the last quarter. Wetzel Investment Advisors Inc. acquired a new stake in Take-Two Interactive Software in the fourth quarter valued at approximately $26,000. Finally, Pin Oak Investment Advisors Inc. grew its position in Take-Two Interactive Software by 485.7% in the fourth quarter. Pin Oak Investment Advisors Inc. now owns 164 shares of the company’s stock valued at $26,000 after acquiring an additional 136 shares in the last quarter. Institutional investors and hedge funds 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.