Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Take-Two Interactive Software (NASDAQ:TTWO) Stock Price
Media coverage about Take-Two Interactive Software (NASDAQ:TTWO) has been trending somewhat positive on Friday, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Take-Two Interactive Software earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave news headlines about the company an impact score of 44.9762978790406 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s rankings:
- Take-Two Interactive Software, Inc. (TTWO) CFO Lainie Goldstein Sells 30000 Shares (wisdomsave.com)
- Comparing Summer Infant (SUMR) and Take-Two Interactive Software (NASDAQ:TTWO) (americanbankingnews.com)
- A Run Through Take Two Interactive Software Inc (TTWO)’s Technicals – Berry Recorder (berryrecorder.com)
- Take-Two Has the Earnings Gift that Keeps On Giving – Motley Fool (fool.com)
- The Gaming Market Expects to see Strong Growth – Markets Insider (markets.businessinsider.com)
TTWO has been the topic of several recent research reports. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $75.00 target price on shares of Take-Two Interactive Software in a research note on Thursday, April 20th. Benchmark Co. reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a research note on Monday, April 24th. Pacific Crest reaffirmed an “overweight” rating and set a $74.00 target price on shares of Take-Two Interactive Software in a research note on Wednesday, April 26th. Stifel Nicolaus reaffirmed a “buy” rating and set a $74.00 target price (up previously from $64.00) on shares of Take-Two Interactive Software in a research note on Thursday, May 18th. Finally, Zacks Investment Research raised shares of Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating and set a $79.00 target price on the stock in a research note on Saturday, May 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $85.22.
Shares of Take-Two Interactive Software (NASDAQ TTWO) traded up 1.11% during mid-day trading on Friday, reaching $89.30. 1,100,720 shares of the company traded hands. The stock has a market capitalization of $9.33 billion, a price-to-earnings ratio of 52.72 and a beta of 0.83. Take-Two Interactive Software has a 52-week low of $40.63 and a 52-week high of $92.22. The company’s 50 day moving average is $78.61 and its 200 day moving average is $66.83.
Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings data on Wednesday, August 2nd. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.25. The business had revenue of $348.30 million for the quarter, compared to analyst estimates of $280.70 million. Take-Two Interactive Software had a return on equity of 28.89% and a net margin of 8.73%. The business’s revenue for the quarter was up 27.8% compared to the same quarter last year. During the same quarter last year, the company earned ($0.21) earnings per share. On average, equities analysts forecast that Take-Two Interactive Software will post $2.16 earnings per share for the current year.
In related news, CEO Strauss Zelnick sold 50,000 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $87.81, for a total transaction of $4,390,500.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Lainie Goldstein sold 30,000 shares of the stock in a transaction on Friday, August 4th. The shares were sold at an average price of $87.68, for a total value of $2,630,400.00. Following the sale, the chief financial officer now directly owns 409,019 shares in the company, valued at approximately $35,862,785.92. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 146,840 shares of company stock worth $12,280,114. Corporate insiders own 1.55% of the company’s stock.
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About Take-Two Interactive Software
Take-Two Interactive Software, Inc is a developer, publisher and marketer of entertainment for consumers around the world. The Company develops and publishes products through its labels, Rockstar Games and 2K. It operates through publishing segment. It has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world.
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