News headlines about Take-Two Interactive (NASDAQ:TTWO) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Take-Two Interactive earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave media stories about the company an impact score of 46.3812998173283 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have effected Accern’s analysis:
- Insider Selling: Take-Two Interactive (TTWO) CEO Sells 40,000 Shares of Stock (americanbankingnews.com)
- TTWO CEO: Fortnite may draw younger gaming consumers for … (finance.yahoo.com)
- Fortnite may draw younger consumers to gaming for the long term, says Take-Two CEO (cnbc.com)
- 3 Companies, 3 Struggles: Where Walmart, Take-Two Interactive, and Jack in the Box Are Headed (finance.yahoo.com)
- Research Analysts Set Expectations for Take-Two Interactive’s Q1 2020 Earnings (TTWO) (americanbankingnews.com)
TTWO has been the subject of a number of recent analyst reports. BidaskClub lowered shares of Take-Two Interactive from a “hold” rating to a “sell” rating in a research report on Friday, March 30th. Barclays restated an “overweight” rating and set a $128.00 price objective (up previously from $121.00) on shares of Take-Two Interactive in a research report on Thursday, February 8th. Morgan Stanley reduced their price objective on shares of Take-Two Interactive from $148.00 to $140.00 and set an “overweight” rating for the company in a research report on Thursday, April 19th. Wedbush upgraded shares of Take-Two Interactive from a “neutral” rating to an “outperform” rating and set a $126.00 price objective for the company in a research report on Monday, April 30th. Finally, Zacks Investment Research lowered shares of Take-Two Interactive from a “hold” rating to a “sell” rating in a research report on Thursday, April 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty have given a buy rating to the company’s stock. Take-Two Interactive currently has an average rating of “Buy” and a consensus price target of $128.45.
TTWO stock traded down $2.72 during mid-day trading on Tuesday, reaching $113.24. 1,273,988 shares of the stock traded hands, compared to its average volume of 2,665,641. The company has a current ratio of 1.40, a quick ratio of 1.39 and a debt-to-equity ratio of 0.01. Take-Two Interactive has a 52-week low of $70.39 and a 52-week high of $129.25. The firm has a market capitalization of $13.25 billion, a PE ratio of 64.71, a P/E/G ratio of 1.86 and a beta of 1.06.
Take-Two Interactive (NASDAQ:TTWO) last posted its quarterly earnings data on Wednesday, May 16th. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.14. Take-Two Interactive had a net margin of 9.68% and a return on equity of 24.72%. The company had revenue of $411.40 million during the quarter, compared to analyst estimates of $447.59 million. During the same period in the prior year, the firm earned $0.89 earnings per share. The business’s quarterly revenue was up 1.1% on a year-over-year basis. equities research analysts anticipate that Take-Two Interactive will post 4.18 earnings per share for the current year.
In other Take-Two Interactive news, CEO Strauss Zelnick sold 252,197 shares of the company’s stock in a transaction dated Wednesday, April 4th. The shares were sold at an average price of $95.63, for a total transaction of $24,117,599.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Karl Slatoff sold 227,671 shares of the company’s stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $95.75, for a total transaction of $21,799,498.25. The disclosure for this sale can be found here. Insiders have sold 532,131 shares of company stock valued at $51,600,806 over the last ninety days. Insiders own 1.55% of the company’s stock.
About Take-Two Interactive
Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games and 2K labels, as well as under Private Division and Social Point labels. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead names through developing sequels; offering downloadable episodes, and content and virtual currency; and releasing titles for smartphones and tablets.
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