Take-Two Interactive Software (NASDAQ:TTWO – Get Free Report) posted its earnings results on Thursday. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.90), FiscalAI reports. The business had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Take-Two Interactive Software had a positive return on equity of 17.73% and a negative net margin of 60.45%.
Take-Two Interactive Software Stock Performance
NASDAQ TTWO traded up $1.46 on Thursday, reaching $238.08. The stock had a trading volume of 3,985,393 shares, compared to its average volume of 2,058,914. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.14 and a current ratio of 1.14. Take-Two Interactive Software has a 12-month low of $187.63 and a 12-month high of $264.79. The business’s 50-day moving average price is $211.01 and its 200 day moving average price is $225.99. The stock has a market cap of $44.09 billion, a P/E ratio of -10.64, a price-to-earnings-growth ratio of 3.56 and a beta of 0.97.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on the company. UBS Group boosted their target price on Take-Two Interactive Software from $292.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. DA Davidson restated a “buy” rating and set a $300.00 target price on shares of Take-Two Interactive Software in a research note on Wednesday, February 4th. Weiss Ratings restated a “sell (d)” rating on shares of Take-Two Interactive Software in a research note on Wednesday, January 21st. Zacks Research cut Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 12th. Finally, Benchmark restated a “buy” rating on shares of Take-Two Interactive Software in a research note on Monday, February 2nd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $287.93.
Insider Buying and Selling
In other news, insider Daniel P. Emerson sold 1,698 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $213.62, for a total value of $362,726.76. Following the transaction, the insider owned 125,001 shares of the company’s stock, valued at approximately $26,702,713.62. The trade was a 1.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ellen F. Siminoff sold 413 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $207.66, for a total value of $85,763.58. Following the completion of the transaction, the director directly owned 2,000 shares in the company, valued at approximately $415,320. The trade was a 17.12% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 64,724 shares of company stock worth $13,866,155. 1.34% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the stock. Transamerica Financial Advisors LLC grew its holdings in Take-Two Interactive Software by 79.5% during the fourth quarter. Transamerica Financial Advisors LLC now owns 219 shares of the company’s stock worth $56,000 after acquiring an additional 97 shares during the period. EFG International AG acquired a new position in Take-Two Interactive Software during the fourth quarter worth $60,000. DV Equities LLC acquired a new position in Take-Two Interactive Software during the fourth quarter worth $61,000. Geneos Wealth Management Inc. grew its holdings in Take-Two Interactive Software by 118.7% during the first quarter. Geneos Wealth Management Inc. now owns 304 shares of the company’s stock worth $63,000 after acquiring an additional 165 shares during the period. Finally, Wexford Capital LP acquired a new position in Take-Two Interactive Software during the third quarter worth $70,000. Institutional investors and hedge funds own 95.46% of the company’s stock.
About Take-Two Interactive Software
Take-Two Interactive Software is an American video game publisher headquartered in New York City. Founded in 1993 by Ryan Brant, the company is publicly traded on the NASDAQ under the ticker TTWO and is led by Chairman and CEO Strauss Zelnick. Take-Two operates through distinct publishing labels that manage development, marketing and distribution of interactive entertainment for a global audience.
Take-Two’s publishing portfolio includes Rockstar Games and 2K, as well as the Private Division label, which supports independent and mid-size developers.
Read More
- Five stocks we like better than Take-Two Interactive Software
- Meta Platforms 10% Layoff Raises a Bigger Question About AI Spending
- As Small-Cap Outperformance Continues, These 2 ETFs Provide Exposure
- Silicon Shake-Up: The AI Trade Is Moving Beyond NVIDIA
- The Silver Lining of Last Week’s Hims & Hers Earnings Miss
Receive News & Ratings for Take-Two Interactive Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Take-Two Interactive Software and related companies with MarketBeat.com's FREE daily email newsletter.
