Take-Two (TTWO) Gets a Buy from Jefferies
In a report released today, James Heaney CFA from Jefferies maintained a Buy rating on Take-Two, with a price target of $300.00.
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Heaney CFA covers the Communication Services sector, focusing on stocks such as Take-Two, Netflix, and Roku. According to TipRanks, Heaney CFA has an average return of 15.1% and a 36.81% success rate on recommended stocks.
Currently, the analyst consensus on Take-Two is a Strong Buy with an average price target of $291.62.
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 77 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, Michael Dornemann, a Director at TTWO sold 1,151.00 shares for a total of $249,790.02.
Read More on TTWO:
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