Take-Two Interactive Software (NASDAQ:TTWO) Stock Price Up 8.6% – Still a Buy?

Take-Two Interactive Software, Inc. (NASDAQ:TTWO)’s stock price was up 8.6% on Tuesday. The stock traded as high as $229.46 and last traded at $225.3330. 2,759,119 shares changed hands during trading, an increase of 16% from the average session volume of 2,384,971 shares. The stock had previously closed at $207.40.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on TTWO shares. Robert W. Baird raised their price target on Take-Two Interactive Software from $265.00 to $270.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. DA Davidson reiterated a “buy” rating and set a $300.00 price objective on shares of Take-Two Interactive Software in a research report on Monday, August 10th. UBS Group cut their price objective on shares of Take-Two Interactive Software from $300.00 to $295.00 and set a “buy” rating on the stock in a research report on Tuesday. Weiss Ratings reissued a “sell (d-)” rating on shares of Take-Two Interactive Software in a research note on Tuesday, October 6th. Finally, Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Take-Two Interactive Software currently has a consensus rating of “Moderate Buy” and a consensus target price of $287.30.

Take-Two Interactive Software Stock Performance

The firm has a market capitalization of $43.25 billion, a P/E ratio of -179.31, a P/E/G ratio of 1.67 and a beta of 0.93. The firm has a 50-day moving average price of $207.36 and a two-hundred day moving average price of $218.81. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.09 and a quick ratio of 1.06.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its earnings results on Monday, November 9th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.96 by ($1.25). The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Take-Two Interactive Software had a negative net margin of 3.75% and a positive return on equity of 9.84%. The firm’s revenue for the quarter was down 18.4% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.73) earnings per share. Take-Two Interactive Software has set its Q3 2027 guidance at 3.800-4.000 EPS and its FY 2027 guidance at 5.750-6.000 EPS. On average, analysts forecast that Take-Two Interactive Software, Inc. will post 5.19 EPS for the current fiscal year.

Insider Buying and Selling at Take-Two Interactive Software

In other news, Director Ellen Siminoff sold 334 shares of the firm’s stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $202.92, for a total transaction of $67,775.28. Following the transaction, the director directly owned 1,332 shares of the company’s stock, valued at approximately $270,289.44. This trade represents a 20.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director LaVerne Srinivasan sold 362 shares of Take-Two Interactive Software stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $245.01, for a total transaction of $88,693.62. Following the sale, the director directly owned 8,357 shares of the company’s stock, valued at $2,047,548.57. This represents a 4.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 13,636 shares of company stock valued at $2,825,391. 1.12% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Primecap Management Co. CA purchased a new stake in Take-Two Interactive Software in the second quarter worth about $23,480,000. Corient Private Wealth LP grew its holdings in Take-Two Interactive Software by 22.4% during the 2nd quarter. Corient Private Wealth LP now owns 30,018 shares of the company’s stock worth $7,504,000 after acquiring an additional 5,484 shares in the last quarter. IFP Advisors Inc increased its position in Take-Two Interactive Software by 398.2% during the 3rd quarter. IFP Advisors Inc now owns 11,335 shares of the company’s stock valued at $2,352,000 after purchasing an additional 9,060 shares during the period. Ontario Teachers Pension Plan Board purchased a new position in Take-Two Interactive Software during the 2nd quarter valued at about $37,090,000. Finally, Davis R M Inc. increased its position in Take-Two Interactive Software by 4.3% during the 1st quarter. Davis R M Inc. now owns 255,075 shares of the company’s stock valued at $50,377,000 after purchasing an additional 10,593 shares during the period. 95.46% of the stock is currently owned by hedge funds and other institutional investors.

About Take-Two Interactive Software

Take-Two Interactive Software is a global publisher and developer of interactive entertainment for console, PC, and mobile platforms. Its business includes creating and distributing games, downloadable content, and related services through its wholly owned labels, including Rockstar Games, 2K, and Zynga. The company’s portfolio includes franchises such as Grand Theft Auto, Red Dead Redemption, NBA 2K, Borderlands, and Civilization, along with a range of mobile games. Its titles are sold and played in markets around the world.