Take-Two Received its Third Buy in a Row

By Carrie Williams

After Piper Jaffray and Oppenheimer assigned a Buy rating to Take-Two in the last month, the company received another Buy, this time from BMO Capital. Analyst Gerrick Johnson reiterated a Buy rating on Take-Two (NASDAQ: TTWO) today. The company’s shares opened today at $49.22, close to its 52-week high of $49.99.

According to TipRanks.com, Johnson is a 4-star analyst with an average return of 3.7% and a 52.8% success rate. Johnson covers the Consumer Goods sector, focusing on stocks such as Brunswick Corporation, Winnebago Industries, and Arctic Cat Inc.

Currently, the analyst consensus on Take-Two is Moderate Buy and the average price target is $51.04, representing a 3.7% upside.

In a report issued on October 24, Piper Jaffray also reiterated a Buy rating on the stock with a $51 price target.

The company has a one year high of $49.99 and a one year low of $31.36. Currently, Take-Two has an average volume of 1.71M.

Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2016, Strauss Zelnick, the Chairman & CEO of TTWO sold 50,000 shares for a total of $2,058,265.

Take-Two Interactive Software, Inc. is a developer, marketer and publisher of interactive entertainment for consumers around the globe. The company develops and publishes products through its two wholly-owned labels Rockstar Games and 2K. Its products are designed for console systems, handheld gaming systems and personal computers, including smart phones and tablets and are delivered through physical retail, digital download, online platforms and cloud streaming services. Take-Two Interactive Software was founded by Ryan A. Brant in 1993 and is headquartered in New York, NY.