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 $217.87.
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According to TipRanks, Crum is ranked #825 out of 12224 analysts.
Take-Two has an analyst consensus of Strong Buy, with a price target consensus of $292.58, implying a 34.29% upside from current levels. In a report released on May 25, Bank of America Securities also maintained a Buy rating on the stock with a $320.00 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 82 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, Strauss Zelnick, the Chairman & CEO of TTWO sold 70,000.00 shares for a total of $15,554,129.83.
Read More on TTWO:
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