Take-Two Interactive Software - TTWO Stock Forecast, Price & News

Take-Two Interactive Software, Inc. develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, and T2 Mobile Games names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead Redemption names; and offers episodes and content, as well as develops brands in other genres, including the LA Noire, Bully, and Manhunt franchises. The company also publishes various entertainment properties across various platforms and a range of genres, such as shooter, action, role-playing, strategy, sports, and family/casual entertainment under the BioShock, Mafia, Sid Meier's Civilization, XCOM series, and Borderlands. In addition, it publishes sports simulation titles comprising NBA 2K series, a basketball video game; the WWE 2K professional wrestling series; and PGA TOUR 2K. Further, the company offers Kerbal Space Program, OlliOlli World, and The Outer Worlds and Ancestors: the Humankind Odyssey under Private Division; and free-to-play mobile games, such as Dragon City, Monster Legends, Two Dots, and Top Eleven. Its products are designed for console gaming systems, including PlayStation 4 and PlayStation 5; Xbox One; the Nintendo's Switch; personal computers; and mobile comprising smartphones and tablets. The company provides its products through physical retail, digital download, online platforms, and cloud streaming services. Take-Two Interactive Software, Inc. was incorporated in 1993 and is based in New York, New York.

Wall Street Analyst Weigh In

TTWO has been the topic of a number of recent research reports. Oppenheimer decreased their target price on Take-Two Interactive Software from $190.00 to $180.00 in a research report on Tuesday. Robert W. Baird decreased their price target on shares of Take-Two Interactive Software from $145.00 to $140.00 and set an "outperform" rating for the company in a report on Tuesday. Wells Fargo & Company cut their price target on shares of Take-Two Interactive Software to $185.00 and set a "na" rating on the stock in a research report on Wednesday, May 18th. Barclays upped their target price on shares of Take-Two Interactive Software from $171.00 to $175.00 and gave the company an "overweight" rating in a report on Tuesday. Finally, Cowen decreased their target price on shares of Take-Two Interactive Software to $185.00 and set a "na" rating on the stock in a research report on Tuesday, May 17th. Six equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $172.52.

Take-Two Interactive Software Price Performance

TTWO traded down $4.75 on Tuesday, reaching $120.76. The company's stock had a trading volume of 5,963,208 shares, compared to its average volume of 2,543,456. The stock has a market cap of $13.99 billion, a price-to-earnings ratio of 33.73, a price-to-earnings-growth ratio of 1.36 and a beta of 0.74. Take-Two Interactive Software has a 1 year low of $101.85 and a 1 year high of $195.82. The business's 50 day moving average is $127.00 and its 200 day moving average is $138.44.

Take-Two Interactive Software (NASDAQ:TTWO - Get Rating) last posted its earnings results on Monday, August 8th. The company reported ($0.76) EPS for the quarter, missing the consensus estimate of $0.84 by ($1.60). Take-Two Interactive Software had a net margin of 11.93% and a return on equity of 12.63%. The business had revenue of $1,000.00 million during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the business earned $0.70 earnings per share. The firm's revenue was up 40.6% compared to the same quarter last year. As a group, research analysts forecast that Take-Two Interactive Software will post 4.46 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Daniel P. Emerson sold 3,125 shares of Take-Two Interactive Software stock in a transaction dated Monday, June 6th. The stock was sold at an average price of $127.78, for a total transaction of $399,312.50. Following the sale, the insider now directly owns 95,572 shares of the company's stock, valued at $12,212,190.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, insider Daniel P. Emerson sold 3,381 shares of the company's stock in a transaction dated Wednesday, June 15th. The shares were sold at an average price of $124.23, for a total value of $420,021.63. Following the sale, the insider now directly owns 92,191 shares of the company's stock, valued at approximately $11,452,887.93. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Daniel P. Emerson sold 3,125 shares of the stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $127.78, for a total transaction of $399,312.50. Following the completion of the transaction, the insider now directly owns 95,572 shares in the company, valued at $12,212,190.16. The disclosure for this sale can be found here. 1.13% of the stock is owned by corporate insiders.