Take-Two Interactive Software (TTWO) Receiving Favorable Media Coverage, Report Shows
Media headlines about Take-Two Interactive Software (NASDAQ:TTWO) have trended positive this week, Accern Sentiment reports. The research firm ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Take-Two Interactive Software earned a news sentiment score of 0.36 on Accern’s scale. Accern also gave news coverage about the company an impact score of 68 out of 100, meaning that recent press coverage is likely to have an effect on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- Considering An Investment In Take-Two Interactive – Seeking Alpha – Seeking Alpha (seekingalpha.com)
- Updating Our Thoughts on Take-Two Interactive (finance.yahoo.com)
- Take-Two Interactive Software, Inc. (NASDAQ:TTWO) Stock Rating Lowered by Zacks Investment Research (americanbankingnews.com)
- Take-Two Interactive Software, Inc. (TTWO) Receives Average Recommendation of “Buy” from Brokerages (americanbankingnews.com)
- Take-Two Interactive Software’s (TTWO) Buy Rating Reiterated at Stifel Nicolaus (americanbankingnews.com)
TTWO has been the subject of a number of analyst reports. Piper Jaffray Companies raised their price objective on Take-Two Interactive Software from $80.00 to $83.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 7th. Zacks Investment Research downgraded Take-Two Interactive Software from a “buy” rating to a “hold” rating in a research report on Saturday, May 27th. Stifel Nicolaus restated a “buy” rating and set a $74.00 price objective (up from $64.00) on shares of Take-Two Interactive Software in a research report on Thursday, May 18th. Benchmark Co. restated a “buy” rating on shares of Take-Two Interactive Software in a research report on Monday, April 24th. Finally, Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $75.00 price objective on shares of Take-Two Interactive Software in a research report on Thursday, April 20th. Two analysts have rated the stock with a sell rating, two have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $73.18.
Shares of Take-Two Interactive Software (TTWO) traded down 0.08% during midday trading on Friday, reaching $76.27. The company’s stock had a trading volume of 382,818 shares. The stock has a market cap of $7.50 billion, a price-to-earnings ratio of 106.67 and a beta of 0.82. The stock has a 50-day moving average price of $73.71 and a 200-day moving average price of $60.86. Take-Two Interactive Software has a 52-week low of $38.74 and a 52-week high of $80.54.
Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings results on Tuesday, May 23rd. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.08. The business had revenue of $407.20 million during the quarter, compared to analyst estimates of $354.10 million. Take-Two Interactive Software had a return on equity of 22.89% and a net margin of 3.70%. Take-Two Interactive Software’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.46 EPS. Equities research analysts anticipate that Take-Two Interactive Software will post $1.68 earnings per share for the current fiscal year.
In other news, CEO Strauss Zelnick sold 35,000 shares of the stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $78.53, for a total value of $2,748,550.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Daniel P. Emerson sold 18,440 shares of the stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $76.21, for a total value of $1,405,312.40. Following the completion of the transaction, the vice president now directly owns 135,088 shares of the company’s stock, valued at approximately $10,295,056.48. The disclosure for this sale can be found here. Insiders have sold a total of 59,840 shares of company stock valued at $4,644,614 in the last ninety days. 2.50% of the stock is currently owned by corporate insiders.
Take-Two Interactive Software Company Profile
Take-Two Interactive Software, Inc is a developer, publisher and marketer of entertainment for consumers around the world. The Company develops and publishes products through its labels, Rockstar Games and 2K. It operates through publishing segment. It has a portfolio of software content for the hardware platforms in a range of genres, including action, adventure, family/casual, racing, role-playing, shooter, sports and strategy, which it distributes across the world.
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