BidaskClub Downgrades TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) to Sell

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Thursday, April 18th, BidAskClub reports.

Several other research analysts have also recently weighed in on the stock. Wedbush reduced their price target on shares of TAKE-TWO INTERACTIVE SOFTWARE from $150.00 to $119.00 and set an “outperform” rating for the company in a report on Wednesday, January 30th. MKM Partners reduced their price target on shares of TAKE-TWO INTERACTIVE SOFTWARE to $115.00 and set a “buy” rating for the company in a report on Thursday, February 7th. Benchmark increased their target price on shares of TAKE-TWO INTERACTIVE SOFTWARE from $124.00 to $156.00 and gave the stock a “buy” rating in a report on Thursday, February 7th. Stephens began coverage on shares of TAKE-TWO INTERACTIVE SOFTWARE in a report on Thursday, January 10th. They set an “overweight” rating and a $138.00 target price for the company. Finally, Zacks Investment Research upgraded shares of TAKE-TWO INTERACTIVE SOFTWARE from a “hold” rating to a “strong-buy” rating and set a $118.00 target price for the company in a report on Tuesday, January 29th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and nineteen have assigned a buy rating to the company. TAKE-TWO INTERACTIVE SOFTWARE currently has a consensus rating of “Buy” and a consensus price target of $131.12.

TTWO opened at $103.38 on Thursday. The company has a market cap of $11.56 billion, a P/E ratio of 59.07, a price-to-earnings-growth ratio of 1.65 and a beta of 0.99. TAKE-TWO INTERACTIVE SOFTWARE has a fifty-two week low of $84.41 and a fifty-two week high of $139.91.

TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) last issued its quarterly earnings data on Wednesday, February 6th. The company reported $3.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.02 by $1.17. The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.50 billion. TAKE-TWO INTERACTIVE SOFTWARE had a net margin of 14.26% and a return on equity of 28.92%. The business’s revenue for the quarter was up 139.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.12 earnings per share. On average, analysts predict that TAKE-TWO INTERACTIVE SOFTWARE will post 3.15 EPS for the current year.

In related news, CEO Strauss Zelnick sold 144,614 shares of the company’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $94.05, for a total value of $13,600,946.70. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.07% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in TTWO. William Blair Investment Management LLC grew its stake in TAKE-TWO INTERACTIVE SOFTWARE by 124.2% during the first quarter. William Blair Investment Management LLC now owns 253,864 shares of the company’s stock worth $23,957,000 after buying an additional 140,633 shares in the last quarter. Botty Investors LLC acquired a new stake in TAKE-TWO INTERACTIVE SOFTWARE during the first quarter worth about $47,000. AlphaCrest Capital Management LLC acquired a new stake in TAKE-TWO INTERACTIVE SOFTWARE during the first quarter worth about $226,000. Rockefeller Capital Management L.P. acquired a new stake in TAKE-TWO INTERACTIVE SOFTWARE during the first quarter worth about $97,000. Finally, Oak Grove Capital LLC grew its stake in TAKE-TWO INTERACTIVE SOFTWARE by 150.5% during the first quarter. Oak Grove Capital LLC now owns 24,050 shares of the company’s stock worth $2,270,000 after buying an additional 14,450 shares in the last quarter. Institutional investors and hedge funds own 96.07% 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 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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