Take-Two Interactive Software (TTWO) Earning Somewhat Favorable News Coverage, Report Shows
Media stories about Take-Two Interactive Software (NASDAQ:TTWO) have been trending somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Take-Two Interactive Software earned a daily sentiment score of 0.21 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 89 out of 100, meaning that recent news coverage is very likely to have an impact on the company’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- Investors are willing to pay more or less for Take-Two Interactive Software, Inc. (TTWO) stock? – Street Observer (press release) (streetobserver.com)
- Considering An Investment In Take-Two Interactive – Seeking Alpha – Seeking Alpha (seekingalpha.com)
- Updating Our Thoughts on Take-Two Interactive (finance.yahoo.com)
- Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Stock Rating Lowered by Zacks Investment Research (americanbankingnews.com)
- Take-Two Interactive Software, Inc. (TTWO) Receives Average Recommendation of “Buy” from Brokerages (americanbankingnews.com)
Take-Two Interactive Software (NASDAQ TTWO) traded down 0.12% during mid-day trading on Monday, hitting $76.12. 362,490 shares of the stock traded hands. The firm has a market cap of $7.49 billion, a PE ratio of 106.46 and a beta of 0.82. The stock has a 50 day moving average price of $73.71 and a 200 day moving average price of $60.86. Take-Two Interactive Software has a 12-month low of $39.81 and a 12-month high of $80.54.
Take-Two Interactive Software (NASDAQ:TTWO) last released its earnings results on Tuesday, May 23rd. The company reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.08. Take-Two Interactive Software had a net margin of 3.70% and a return on equity of 22.89%. The business had revenue of $407.20 million for the quarter, compared to the consensus estimate of $354.10 million. During the same period in the previous year, the firm earned $0.46 EPS. The business’s revenue for the quarter was up 18.9% on a year-over-year basis. On average, analysts expect that Take-Two Interactive Software will post $1.68 earnings per share for the current fiscal year.
Several research analysts recently issued reports on TTWO shares. Pacific Crest reissued an “overweight” rating and set a $74.00 price target on shares of Take-Two Interactive Software in a report on Wednesday, April 26th. MKM Partners reissued a “buy” rating and set a $80.00 price target (up from $63.00) on shares of Take-Two Interactive Software in a report on Tuesday, May 23rd. Zacks Investment Research cut shares of Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 12th. Robert W. Baird increased their price target on shares of Take-Two Interactive Software from $53.00 to $80.00 and gave the stock an “outperform” rating in a report on Wednesday, May 24th. Finally, Bank of America Corporation increased their price target on shares of Take-Two Interactive Software from $67.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, May 25th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and fifteen have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $73.18.
In other news, Director Michael Sheresky sold 516 shares of Take-Two Interactive Software stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $76.68, for a total value of $39,566.88. Following the transaction, the director now directly owns 67,733 shares of the company’s stock, valued at $5,193,766.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Daniel P. Emerson sold 18,440 shares of Take-Two Interactive Software stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $76.21, for a total transaction of $1,405,312.40. Following the completion of the transaction, the vice president now directly owns 135,088 shares in the company, valued at $10,295,056.48. The disclosure for this sale can be found here. Insiders sold a total of 59,840 shares of company stock worth $4,644,614 over the last quarter. Insiders own 2.50% of the company’s stock.
Take-Two Interactive Software Company Profile
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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