Take-Two Interactive Software Inc. (NASDAQ:TTWO) has had its target price hoisted to $64.00 from $59.00 by equity researchers at Stifel Nicolaus. The company has a buy rating on the stock currently. Stifel target price indicates a potential rise of 14.32% from the previous close.
Views from other experts
Other analysts have also released their reports about the brokerage. Six analysts rated the stock with a holding rate while twelve research analysts gave a buying rating to the stock. Openheimer Holdings, Inc. set the pace for the research on Take-Two. They gave the company a $54.00 target price and set an outperform. Zacks Investment Research reported an upgrade of Take-Two from a “hold” to a “strong buy” and the target price at $56.00. Piper Jaffray Companies reported an “overweight” rating, and set the target price at $51.00. MKM Partners restated a buy rating and a $55.00 target price. Currently the shares have a consensus buy rating and consensus target price at $57.54.
The general performance of Take- Two
Take-Two released their quarterly earnings on Tuesday, February, 7th 2017. The earnings per share (EPS) stood at $0.99 for the quarter topping the consensus rate of $0.96 by $0.03. The company reported a return on equity of $21.74%. The net margin was 0.91%. Total quarterly revenue was $476.50 million against the analysts expectations of $689.64 million. The company has improved financially compared to the reports of the same quarter last year. The revenue rose by 15% on a year over year basis. Equity experts projects $1.87 earnings per share in the current year.
Strauss Zelnick the CEO of Take-Two is said to have sold 80,000 shares in a transaction on Wednesday November, 30th 2016. The shares were sold at the average price of $49.55. The total transaction was worth $3,964,000.00. The insiders own company stock worth 2.50%. Investors have shifted their stand at Take- Two. Victory Capital Management Inc. bought additional stock worth $71,284,000 raising their position by 131,674%. Alliancebernstein L.P. raised its position by 29.5% after acquiring additional $161,106,000 worth of stock. Palestra Capital Management LLC and Paulson & CO. Inc. bought new positions in the company worth of $44,629,000 and $37,920,000 respectively.