TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) Price Target Increased to $126.00 by Analysts at Cowen

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) had its target price hoisted by Cowen from $123.00 to $126.00 in a research note issued to investors on Wednesday morning, The Fly reports. Cowen currently has an outperform rating on the stock.

Several other research firms have also issued reports on TTWO. BidaskClub upgraded shares of Zillow Group from a buy rating to a strong-buy rating in a report on Tuesday, July 2nd. Benchmark restated a buy rating and issued a $130.00 target price (up previously from $124.00) on shares of TAKE-TWO INTERACTIVE SOFTWARE in a report on Monday, June 17th. ValuEngine lowered shares of Verso from a hold rating to a sell rating in a report on Thursday, May 23rd. Barclays set a $192.00 price target on shares of Tesla and gave the stock a sell rating in a research note 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 research note on Tuesday, March 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $124.86.

TAKE-TWO INTERACTIVE SOFTWARE stock opened at $116.06 on Wednesday. The business has a 50-day moving average price of $113.17. The company has a market cap of $13.25 billion, a price-to-earnings ratio of 29.91, a PEG ratio of 3.63 and a beta of 0.80. TAKE-TWO INTERACTIVE SOFTWARE has a 12-month low of $84.41 and a 12-month high of $139.91.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last released its earnings results on Monday, May 13th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 return on equity of 25.62% and a net margin of 12.51%. TAKE-TWO INTERACTIVE SOFTWARE’s revenue was up 18.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.70 EPS. Analysts anticipate that TAKE-TWO INTERACTIVE SOFTWARE will post 2.91 earnings per share for the current fiscal year.

In other TAKE-TWO INTERACTIVE SOFTWARE news, insider Daniel P. Emerson sold 8,758 shares of the firm’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $109.92, for a total transaction of $962,679.36. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Strauss Zelnick sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $108.74, for a total transaction of $2,718,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 33,993 shares of company stock worth $3,706,028 in the last three months. Insiders own 1.07% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Cornerstone Advisors Inc. increased its position in TAKE-TWO INTERACTIVE SOFTWARE by 121.0% during the 2nd quarter. Cornerstone Advisors Inc. now owns 221 shares of the company’s stock valued at $25,000 after purchasing an additional 121 shares during the period. Phocas Financial Corp. purchased a new position in shares of TAKE-TWO INTERACTIVE SOFTWARE in the 4th quarter worth approximately $26,000. CSat Investment Advisory L.P. grew its position in shares of TAKE-TWO INTERACTIVE SOFTWARE by 65.5% in the 1st quarter. CSat Investment Advisory L.P. now owns 336 shares of the company’s stock worth $32,000 after buying an additional 133 shares during the last quarter. Exane Derivatives purchased a new position in shares of TAKE-TWO INTERACTIVE SOFTWARE in the 1st quarter worth approximately $37,000. Finally, Bessemer Group Inc. purchased a new position in shares of TAKE-TWO INTERACTIVE SOFTWARE in the 2nd quarter worth approximately $49,000. 93.96% of the stock is currently owned by institutional investors and hedge funds.

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.

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

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