Stocks of Take-Two Interactive Software, Inc. (NASDAQ:TTWO) traded higher last session on Wall Street, up 1.99% to $146.32.
According to the data, Take-Two Interactive Software, Inc. (NASDAQ:TTWO) has 26 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $175.00 and a low of $130.00, we find $165.00. Given the previous closing price of $143.47, this indicates a potential upside of 15.01 percent. TTWO stock price is now 4.28% away from the 50-day moving average and 10.79% away from the 200-day moving average. The market capitalization of the company currently stands at $24.85B.
A total of 5 analysts have issued a hold rating and 16 have given it a buy rating. Brokers who have rated the stock have averaged $161.47 as their price target over the next twelve months.
With the price target maintained at $170, Raymond James recently Upgraded its rating from Mkt Perform to Outperform for Take-Two Interactive Software, Inc. (NASDAQ: TTWO).
In other news, Emerson Daniel P, Chief Legal Officer sold 6,251 shares of the company’s stock on Jun 05. The stock was sold for $861,862 at an average price of $137.88. Upon completion of the transaction, the Chief Legal Officer now directly owns 132,296 shares in the company, valued at $19.36 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 01, Chairman, CEO ZELNICK STRAUSS sold 9,537 shares of the business’s stock. A total of $1,312,989 was realized by selling the stock at an average price of $137.67. This leaves the insider owning 666,147 shares of the company worth $97.47 million. Insiders disposed of 70,805 shares of company stock worth roughly $10.36 million over the past 1 year. A total of 8.22% of the company’s stock is owned by insiders.
During the past 12 months, Take-Two Interactive Software, Inc. has had a low of $92.76 and a high of $153.84. As of last week, the company has a debt-to-equity ratio of 0.39, a current ratio of 0.82, and a quick ratio of 0.82. The fifty day moving average price for TTWO is $140.31 and a two-hundred day moving average price translates $132.06 for the stock.
The latest earnings results from Take-Two Interactive Software, Inc. (NASDAQ: TTWO) was released for Sep, 2023. According to the Electronic Gaming & Multimedia Company, earnings per share came in at $0.27, missing analysts’ expectations of $0.42 by -0.15. This compares to -$0.76 EPS in the same period last year. The net profit margin was -22.17% and return on equity was -13.19% for TTWO. The company reported revenue of $1.28 billion for the quarter, compared to $1.1 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 16.54 percent. For the current quarter, analysts expect TTWO to generate $1.41B 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 Zynga names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, LA Noire, and Red Dead Redemption names. 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, Borderlands, and Tiny Tina’s Wonderland. 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; free-to-play mobile games, such as CSR Racing, Dragon City, Empires & Puzzles, FarmVille, Golf Rival, Harry Potter: Puzzles & Spells, Merge Dragons, Merge Magic, Monster Legends, Toon Blast, Top Eleven, Toy Blast, Two Dots, Words With Friends, and Zynga Poker; and a volume of mobile titles, including Fill the Fridge!, Parking Jam 3D, Pressure Washing Run, and Pull the Pin. Its products are designed for console gaming systems; personal computers; and mobiles 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.
