Take-Two Interactive Software, Inc. (NASDAQ: TTWO) is currently rated as a "Moderate Buy" by analysts, with a consensus price target of $191.75.
The stock has recently been trading at $185.56, down $2.29 from the previous day. The trading volume is below average, with 1,235,762 shares traded compared to the average volume of 1,606,921. The company has a market capitalization of approximately $32.59 billion, a price-to-earnings (P/E) ratio of -8.77, and a P/E/G ratio of 5.65.
In terms of insider activity, Director Laverne Evans Srinivasan recently sold 2,000 shares of Take-Two's stock at an average price of $179.17, reducing her ownership by 17.11%. She now holds 9,692 shares valued at around $1.74 million. Insider ownership of the company's stock is currently at approximately 1.45%.
Institutional investors have shown interest in Take-Two Interactive, with UBS Asset Management Americas LLC increasing its stake by 10.9% during the third quarter. UBS now holds 4,240,565 shares valued at approximately $651.8 million, representing about 2.41% of the company. Other hedge funds, such as Crewe Advisors LLC, have also increased their positions in the company.
Analysts have revised their price targets for Take-Two Interactive, with some expressing optimism and others caution. Roth Mkm, Stifel Nicolaus, and The Goldman Sachs Group have raised their price targets, while UBS Group has adjusted its target. However, the stock has not made it onto the list of top recommendations from MarketBeat.
Take-Two's stock performance has been volatile, with a fifty-two week low of $135.24 and a high of $190.43. The company has a relatively low debt-to-equity ratio of 0.53, which is viewed favorably by investors. However, the current and quick ratios suggest that the company may face challenges in meeting short-term obligations.
Take-Two Interactive Software is known for its popular franchises, such as Grand Theft Auto and Red Dead Redemption. The company's ability to innovate and capture consumer interest will be crucial for its future growth and market position.
In conclusion, Take-Two Interactive Software's stock performance, insider transactions, and institutional investment trends are closely monitored by investors. The mixed analyst ratings and price targets reflect cautious optimism about the company's future, while its strong institutional backing provides a solid foundation for potential growth. The company's strategic decisions and ability to adapt to the evolving gaming landscape will play a significant role in shaping its financial trajectory.