Take-Two Interactive Software (NASDAQ:TTWO) Issues Earnings Results

Take-Two Interactive Software (NASDAQ:TTWO) issued its quarterly earnings data on Thursday. The company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.90), FiscalAI reports. The company had revenue of $1.68 billion for the quarter, compared to the consensus estimate 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

Shares of TTWO stock traded up $1.46 during trading on Thursday, hitting $238.08. The company’s stock had a trading volume of 3,846,594 shares, compared to its average volume of 2,058,914. The company has a market cap of $44.09 billion, a PE ratio of -10.64, a P/E/G ratio of 3.56 and a beta of 0.97. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.71. The business has a fifty day moving average of $211.01 and a 200-day moving average of $225.99. Take-Two Interactive Software has a 52 week low of $187.63 and a 52 week high of $264.79.

Wall Street Analyst Weigh In

A number of analysts have commented on TTWO shares. UBS Group boosted their price objective on Take-Two Interactive Software from $292.00 to $300.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Raymond James Financial raised Take-Two Interactive Software from an “outperform” rating to a “strong-buy” rating and set a $285.00 target price for the company in a report on Tuesday, February 10th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Take-Two Interactive Software in a report on Wednesday, January 21st. Benchmark reaffirmed a “buy” rating on shares of Take-Two Interactive Software in a report on Monday, February 2nd. Finally, Wells Fargo & Company reduced their target price on Take-Two Interactive Software from $295.00 to $293.00 and set an “overweight” rating for the company in a report on Monday, April 6th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $287.93.

Insiders Place Their Bets

In other Take-Two Interactive Software news, Director Michael Dornemann sold 1,390 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $213.09, for a total transaction of $296,195.10. Following the completion of the transaction, the director directly owned 21,525 shares of the company’s stock, valued at approximately $4,586,762.25. This represents a 6.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Daniel P. Emerson sold 1,698 shares of the stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $213.62, for a total value of $362,726.76. Following the transaction, the insider directly owned 125,001 shares of the company’s stock, valued at approximately $26,702,713.62. This trade represents a 1.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 64,724 shares of company stock valued at $13,866,155. Insiders own 1.34% of the company’s stock.

Hedge Funds Weigh In On Take-Two Interactive Software

Institutional investors and hedge funds have recently bought and sold shares of the company. 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 valued at $56,000 after purchasing an additional 97 shares during the period. EFG International AG bought a new position in Take-Two Interactive Software during the fourth quarter valued at $60,000. DV Equities LLC bought a new position in Take-Two Interactive Software during the fourth quarter valued at $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 valued at $63,000 after purchasing an additional 165 shares during the period. Finally, Wexford Capital LP bought a new position in Take-Two Interactive Software during the third quarter valued at $70,000. 95.46% of the stock is owned by institutional investors.

Take-Two Interactive Software Company Profile

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.