The price of Take-Two Interactive Software Inc. (NASDAQ:TTWO) shares last traded on Wall Street fell -1.58% to $137.43.
Based on available information, 28 analysts follow Take-Two Interactive Software Inc. (NASDAQ:TTWO). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $165.00 and a low of $120.00, we find $154.50. Given the previous closing price of $139.63, this indicates a potential upside of 10.65 percent. TTWO stock price is now 13.60% away from the 50-day moving average and 19.62% away from the 200-day moving average. The market capitalization of the company currently stands at $23.55B.
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Among analysts, 7 rate the stock a hold while 17 rate it a buy. Brokers who have rated the stock have averaged $147.83 as their price target over the next twelve months.
In other news, Slatoff Karl, President sold 68,351 shares of the company’s stock on Apr 13. The stock was sold for $8,347,154 at an average price of $122.12. Upon completion of the transaction, the President now directly owns 262,678 shares in the company, valued at $36.1 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 13, Chairman, CEO ZELNICK STRAUSS sold 68,351 shares of the business’s stock. A total of $8,347,154 was realized by selling the stock at an average price of $122.12. This leaves the insider owning 262,678 shares of the company worth $36.1 million. Insiders disposed of 230,534 shares of company stock worth roughly $31.68 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TTWO stock. A new stake in Take-Two Interactive Software Inc. shares was purchased by WOODLINE PARTNERS LP during the first quarter worth $43,521,000. SCOUT INVESTMENTS, INC. invested $28,407,000 in shares of TTWO during the first quarter. In the first quarter, JS CAPITAL MANAGEMENT LLC acquired a new stake in Take-Two Interactive Software Inc. valued at approximately $24,050,000. VISTA EQUITY PARTNERS MANAGEMENT, LLC acquired a new stake in TTWO for approximately $23,507,000. PROVIDENCE EQUITY PARTNERS L.L.C. purchased a new stake in TTWO valued at around $17,708,000 in the second quarter. In total, there are 1,067 active investors with 92.50% ownership of the company’s stock.
During the past 12 months, Take-Two Interactive Software Inc. has had a low of $90.00 and a high of $141.96. The fifty day moving average price for TTWO is $121.46 and a two-hundred day moving average price translates $114.92 for the stock.
The latest earnings results from Take-Two Interactive Software Inc. (NASDAQ: TTWO) was released for Mar, 2023. According to the Electronic Gaming & Multimedia Company, earnings per share came in at $0.59, missing analysts’ expectations of $0.68 by -0.09. This compares to $1.24 EPS in the same period last year. The net profit margin was -2.00% and return on equity was -1.30% for TTWO. The company reported revenue of $1.41 billion for the quarter, compared to $903.3 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 55.85 percent. For the current quarter, analysts expect TTWO to generate $1.23B in revenue.
Take-Two Interactive Software Inc.(TTWO) Company Profile
Take-Two Interactive Software, Inc. develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, and T2 Mobile Games names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead Redemption names; and offers episodes and content, as well as develops brands in other genres, including the LA Noire, Bully, and Manhunt franchises. The company also publishes various entertainment properties across various platforms and a range of genres, such as shooter, action, role-playing, strategy, sports, and family/casual entertainment under the BioShock, Mafia, Sid Meier’s Civilization, XCOM series, and Borderlands. In addition, it publishes sports simulation titles comprising NBA 2K series, a basketball video game; the WWE 2K professional wrestling series; and PGA TOUR 2K. Further, the company offers Kerbal Space Program, OlliOlli World, and The Outer Worlds and Ancestors: the Humankind Odyssey under Private Division; and free-to-play mobile games, such as Dragon City, Monster Legends, Two Dots, and Top Eleven. Its products are designed for console gaming systems, including PlayStation 4 and PlayStation 5; Xbox One; the Nintendo’s Switch; personal computers; and mobile comprising smartphones and tablets. The company provides its products through physical retail, digital download, online platforms, and cloud streaming services. Take-Two Interactive Software, Inc. was incorporated in 1993 and is based in New York, New York.
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