Roth MKM Sticks to Its Buy Rating for Take-Two (TTWO)

In a report released today, Eric Handler from Roth MKM maintained a Buy rating on Take-Two, with a price target of $295.00.

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According to TipRanks, Handler is a 5-star analyst with an average return of 13.0% and a 64.40% success rate. Handler covers the Communication Services sector, focusing on stocks such as Take-Two, IMAX, and TKO Group Holdings.

In a report released on July 23, Bank of America Securities also reiterated a Buy rating on the stock with a $368.00 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. Last month, Jon Moses, a Director at TTWO sold 500.00 shares for a total of $122,305.00.