Take-Two Interactive Software, Inc.

(NASDAQ Global Select)
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Somewhat Bullish +45

Take-Two Interactive Software (NASDAQ:TTWO) Stock Unloaded Rep. Julia Letlow - MarketBeat

AI-generated analysis

πŸ“‰ Representative Julia Letlow sold between $1,001 and $15,000 of TTWO stock on February 12.

πŸ’° CEO Strauss Zelnick reduced his holdings by selling 7,946 shares worth approximately $1.7 million on March 3.

πŸ“Š Director Michael Dornemann sold 1,390 shares valued at roughly $296,000 on March 5.

πŸ“ˆ Analyst consensus rating is 'Moderate Buy' with a target price of $284.44.

🎯 Wedbush and UBS raised their price targets to $300 in recent reports.

⚠️ Zacks Research downgraded the stock from 'strong-buy' to 'hold' on February 12.

πŸ“‰ Wells Fargo lowered its price target from $301.00 to $295.00 while maintaining an 'overweight' rating.

πŸ’΅ Current stock price is in the low $200s, trading below both 50-day and 200-day moving averages.

🏦 Institutional ownership stands at 95.46% with significant recent buying by Empowered Funds and Geneos Wealth Management.

πŸ“‰ The company has a negative P/E ratio of -8.97 and a market cap of $37.19 billion.

Bullish Signals
  • Major Wall Street firms Wedbush and UBS have reaffirmed 'buy' or 'outperform' ratings with price targets set at $300.
  • Institutional investors are accumulating shares, with Empowered Funds boosting its position by 13.2% and Geneos Wealth Management increasing holdings by 118.7% in Q1.
  • The stock maintains a 'Moderate Buy' consensus rating from analysts despite recent insider selling.
  • High institutional ownership of 95.46% suggests strong confidence from large capital managers.
  • Recent analyst coverage includes new buy ratings from B. Riley Financial and UBS Group.
Risk Factors
  • CEO Strauss Zelnick and Director Michael Dornemann recently sold significant portions of their holdings, reducing their direct ownership percentages.
  • The stock is currently trading below its 50-day and 200-day moving averages, indicating recent underperformance.
  • Zacks Research downgraded the stock from 'strong-buy' to 'hold', signaling a reduction in bullish sentiment.
  • Wells Fargo lowered its price target from $301.00 to $295.00, reflecting some caution among analysts.
  • The company has a negative P/E ratio of -8.97, indicating recent earnings challenges or losses.
Full Analysis
Representative Julia Letlow disclosed the sale of between $1,001 and $15,000 worth of Take-Two Interactive Software (TTWO) stock on February 12 via her Merrill Lynch account. This insider activity is part of a broader trend where company executives have recently reduced their stakes; CEO Strauss Zelnick sold approximately $1.7 million in shares on March 3, and director Michael Dornemann sold roughly $296,000 on March 5. Analyst sentiment remains mixed but generally positive, with a consensus rating of 'Moderate Buy' and a target price of $284.44, which sits above the current trading level in the low $200s. Major firms like Wedbush and UBS have maintained or raised their price targets to $300, while Zacks Research recently downgraded the stock from 'strong-buy' to 'hold'. The company currently trades below its 50-day and 200-day moving averages. Financial metrics show a market capitalization of $37.19 billion with a negative P/E ratio of -8.97, reflecting recent earnings misses or losses. Institutional ownership is high at 95.46%, with several funds like Empowered Funds and Geneos Wealth Management significantly increasing their positions in the first quarter. The stock has a beta of 0.94 and a debt-to-equity ratio of 0.71.