Take-Two Interactive Software (TTWO) Receiving Somewhat Positive Media Coverage, Study Finds
Media coverage about Take-Two Interactive Software (NASDAQ:TTWO) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Take-Two Interactive Software earned a news sentiment score of 0.23 on Accern’s scale. Accern also gave headlines about the company an impact score of 45.8782615179335 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the headlines that may have impacted Accern’s scoring:
- Take-Two Interactive Software, (NASDAQ:TTWO) Sees Light Trading Volume with 696K Shares Changing Hands (highlightpress.com)
- TAKE TWO INTERACTIVE SOFTWARE INC : Other Events, Financial Statements and Exhibits (form 8-K) (4-traders.com)
- Take-Two Interactive Software, Inc. to Present at Goldman Sachs Communacopia Conference (finance.yahoo.com)
- Michael Sheresky Sells 465 Shares of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Stock (americanbankingnews.com)
- Take-Two Interactive Software, Inc. (TTWO) share Price trades 45.41% off from 200- SMA – Voice Of Analysts (analystsbuzz.com)
Several equities research analysts have recently commented on TTWO shares. Piper Jaffray Companies boosted their target price on shares of Take-Two Interactive Software from $80.00 to $83.00 and gave the company an “overweight” rating in a research note on Wednesday, June 7th. Zacks Investment Research downgraded shares of Take-Two Interactive Software from a “buy” rating to a “hold” rating in a research note on Saturday, May 27th. Stifel Nicolaus restated a “buy” rating and issued 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. Benchmark Co. restated a “buy” rating on shares of Take-Two Interactive Software in a research note on Monday, April 24th. Finally, Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $75.00 target price on shares of Take-Two Interactive Software in a research note on Thursday, April 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Take-Two Interactive Software presently has an average rating of “Buy” and an average target price of $85.22.
Take-Two Interactive Software (NASDAQ TTWO) traded up 1.50% during trading on Wednesday, reaching $92.02. The company’s stock had a trading volume of 1,212,538 shares. Take-Two Interactive Software has a 12 month low of $40.63 and a 12 month high of $92.49. The stock has a market cap of $9.61 billion, a PE ratio of 54.32 and a beta of 0.83. The company’s 50-day moving average is $80.66 and its 200-day moving average is $68.00.
Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.25. The firm had revenue of $348.30 million during the quarter, compared to the consensus estimate of $280.70 million. Take-Two Interactive Software had a return on equity of 28.89% and a net margin of 8.73%. The company’s quarterly revenue was up 27.8% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.21) earnings per share. Equities analysts expect that Take-Two Interactive Software will post $2.16 EPS for the current fiscal year.
In other news, CEO Strauss Zelnick sold 50,000 shares of the business’s stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which is available at this link. Also, VP Daniel P. Emerson sold 5,884 shares of the business’s 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 $451,185.12. Following the sale, the vice president now owns 117,019 shares of the company’s stock, valued at approximately $8,973,016.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 147,305 shares of company stock valued at $12,321,946. 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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