Ascendiant Capital Markets Cuts Price Target on Take-Two (TTWO)
Equities researchers at Ascendiant Capital Markets cut their target price on shares of Take-Two (NASDAQ: TTWO) from $20.00 to $15.00 in a report issued on Wednesday. The firm currently has a “buy” rating on the stock.
Shares of Take-Two opened at 11.78 on Wednesday. Take-Two has a one year low of $10.63 and a one year high of $17.58. The company’s market cap is $1.055 billion.
Take-Two last issued its quarterly earnings data on Tuesday, May 22nd. The company reported ($0.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.55) by $0.05. The company’s revenue for the quarter was down 18.8% on a year-over-year basis. On average, analysts predict that Take-Two will post $0.12 earnings per share next quarter.
Take-Two Interactive Software, Inc. is a global publisher, developer and distributor of interactive entertainment software, hardware and accessories.