Take-Two Interactive (TTWO) Price Target Increased to $152.00 by Analysts at KeyCorp

Take-Two Interactive (NASDAQ:TTWO) had its price objective upped by KeyCorp to $152.00 in a research report sent to investors on Thursday. The brokerage currently has an overweight rating on the stock. The analysts noted that the move was a valuation call.

A number of other analysts have also recently issued reports on TTWO. BidaskClub raised Take-Two Interactive from a hold rating to a buy rating in a research note on Friday, May 11th. Zacks Investment Research raised shares of Take-Two Interactive from a sell rating to a hold rating in a research note on Thursday, May 10th. ValuEngine raised shares of Take-Two Interactive from a hold rating to a buy rating in a research note on Wednesday, May 2nd. Stifel Nicolaus decreased their price target on shares of Take-Two Interactive from $135.00 to $131.00 and set a buy rating for the company in a research note on Monday, April 30th. Finally, Wedbush set a $126.00 price target on shares of Take-Two Interactive and gave the stock a hold rating in a research note on Thursday, February 8th. Four equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Take-Two Interactive currently has a consensus rating of Buy and an average target price of $128.45.

Take-Two Interactive traded up $1.94, reaching $115.82, during trading hours on Thursday, according to Marketbeat. 1,543,109 shares of the company’s stock were exchanged, compared to its average volume of 2,656,136. Take-Two Interactive has a one year low of $112.88 and a one year high of $114.65. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.17 and a current ratio of 1.18. The stock has a market cap of $12.94 billion, a price-to-earnings ratio of 66.18, a PEG ratio of 1.78 and a beta of 1.06.

Take-Two Interactive (NASDAQ:TTWO) last posted its earnings results on Wednesday, May 16th. The company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.14. Take-Two Interactive had a return on equity of 25.48% and a net margin of 9.68%. The business had revenue of $411.40 million during the quarter, compared to analysts’ expectations of $447.59 million. During the same period in the prior year, the business earned $0.89 EPS. Take-Two Interactive’s revenue for the quarter was up 1.1% compared to the same quarter last year. analysts predict that Take-Two Interactive will post 4.18 EPS for the current year.

In other news, President Karl Slatoff sold 227,671 shares of the stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $95.75, for a total value of $21,799,498.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Strauss Zelnick sold 252,197 shares of the stock in a transaction that occurred on Wednesday, April 4th. The shares were sold at an average price of $95.63, for a total value of $24,117,599.11. The disclosure for this sale can be found here. In the last three months, insiders sold 492,131 shares of company stock valued at $47,069,206. 1.55% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Massey Quick Simon & CO. LLC lifted its holdings in Take-Two Interactive by 143.6% during the 1st quarter. Massey Quick Simon & CO. LLC now owns 1,062 shares of the company’s stock valued at $104,000 after purchasing an additional 626 shares during the last quarter. JFS Wealth Advisors LLC acquired a new stake in Take-Two Interactive during the 4th quarter valued at $110,000. Global X Management Co. LLC acquired a new stake in Take-Two Interactive during the 1st quarter valued at $112,000. Cerebellum GP LLC acquired a new stake in Take-Two Interactive during the 4th quarter valued at $133,000. Finally, Tiverton Asset Management LLC acquired a new stake in Take-Two Interactive during the 1st quarter valued at $153,000. 91.54% of the stock is owned by institutional investors.

About Take-Two Interactive

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; offering downloadable episodes, and content and virtual currency; and releasing titles for smartphones and tablets.

Analyst Recommendations for Take-Two Interactive (NASDAQ:TTWO)

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