Traders Purchase High Volume of Call Options on Take-Two Interactive Software (NASDAQ:TTWO)

Key Points

• Unusual options activity: Traders purchased 22,488 call options on Take-Two Interactive, about 58% above the typical volume of 14,204 contracts.
• Analyst sentiment remains positive: The stock carries a “Moderate Buy” consensus rating, with an average price target of $296.95 versus its reported trading price of $234.77.
• Recent financial results were mixed: Take-Two exceeded revenue expectations with $1.53 billion but missed quarterly earnings estimates, reporting a loss of $0.18 per share; insiders sold $123.2 million of stock over the past three months.

Take-Two Interactive Software, Inc. (NASDAQ:TTWO - Get Free Report) was the target of some unusual options trading activity on Thursday. Stock traders purchased 22,488 call options on the stock. This is an increase of approximately 58% compared to the typical volume of 14,204 call options.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on TTWO shares. BMO Capital Markets restated an "outperform" rating on shares of Take-Two Interactive Software in a research note on Tuesday, July 28th. BTIG Research raised their target price on Take-Two Interactive Software from $293.00 to $313.00 and gave the stock a "buy" rating in a research report on Monday, August 10th. Roth Capital lifted their price target on shares of Take-Two Interactive Software from $295.00 to $300.00 and gave the stock a "buy" rating in a research note on Monday, August 10th. UBS Group reissued a "buy" rating on shares of Take-Two Interactive Software in a report on Monday, August 10th. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Take-Two Interactive Software in a report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $296.95.

Take-Two Interactive Software Price Performance

Take-Two Interactive Software stock traded up $1.32 during mid-day trading on Thursday, hitting $234.77. 2,993,292 shares of the company were exchanged, compared to its average volume of 2,262,997. The company has a market capitalization of $43.90 billion, a PE ratio of -135.70, a price-to-earnings-growth ratio of 1.55 and a beta of 0.97. The business has a fifty day moving average of $242.48 and a 200 day moving average of $222.41. Take-Two Interactive Software has a 1-year low of $187.63 and a 1-year high of $265.94. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.52.

Take-Two Interactive Software (NASDAQ:TTWO - Get Free Report) last posted its earnings results on Friday, August 7th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.51). Take-Two Interactive Software had a positive return on equity of 12.25% and a negative net margin of 4.79%.The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the previous year, the company posted ($0.07) EPS. The firm's revenue for the quarter was down 2.1% compared to the same quarter last year. Take-Two Interactive Software has set its Q2 2027 guidance at 0.900-1.000 EPS and its FY 2027 guidance at 5.750-6.000 EPS. As a group, sell-side analysts expect that Take-Two Interactive Software will post 5.51 earnings per share for the current year.

Insider Transactions at Take-Two Interactive Software

In other Take-Two Interactive Software news, Director Laverne Evans Srinivasan sold 362 shares of the firm's stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $245.01, for a total value of $88,693.62. Following the sale, the director owned 8,357 shares of the company's stock, valued at $2,047,548.57. This trade represents a 4.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Jon J. Moses sold 500 shares of the stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $244.61, for a total value of $122,305.00. Following the completion of the sale, the director directly owned 21,868 shares of the company's stock, valued at $5,349,131.48. This represents a 2.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 540,759 shares of company stock valued at $123,183,789 in the last three months. 1.12% of the stock is currently owned by company insiders.

Institutional Trading of Take-Two Interactive Software

Large investors have recently made changes to their positions in the business. MCF Advisors LLC bought a new stake in shares of Take-Two Interactive Software during the 4th quarter valued at $25,000. Mosley Wealth Management increased its stake in shares of Take-Two Interactive Software by 266.7% in the 2nd quarter. Mosley Wealth Management now owns 110 shares of the company's stock valued at $27,000 after acquiring an additional 80 shares during the last quarter. Washington Trust Advisors Inc. raised its position in shares of Take-Two Interactive Software by 116.4% in the 2nd quarter. Washington Trust Advisors Inc. now owns 119 shares of the company's stock valued at $30,000 after acquiring an additional 64 shares during the period. Meeder Asset Management Inc. bought a new position in Take-Two Interactive Software during the 2nd quarter worth approximately $32,000. Finally, MV Capital Management Inc. acquired a new position in Take-Two Interactive Software during the fourth quarter valued at approximately $34,000. Institutional investors own 95.46% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source