B. Riley Securities Sticks to Their Buy Rating for Take-Two (TTWO)
B. Riley Securities analyst Drew Crum maintained a Buy rating on Take-Two yesterday and set a price target of $300.00. The company’s shares closed yesterday at $235.77.
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According to TipRanks, Crum is ranked #751 out of 12266 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Take-Two with a $295.60 average price target, a 25.38% upside from current levels. In a report released today, BMO Capital also reiterated a Buy rating on the stock with a $285.00 price target.
Based on Take-Two’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.68 billion and a GAAP net loss of $59.5 million. In comparison, last year the company earned a revenue of $1.58 billion and had a GAAP net loss of $3.73 billion
Based on the recent corporate insider activity of 79 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TTWO in relation to earlier this year. Earlier this month, Jon Moses, a Director at TTWO sold 500.00 shares for a total of $122,305.00.
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