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.

Analysts Set New Price Targets

A number of research firms recently weighed in on TTWO. Stifel Nicolaus lowered their price objective on shares of Take-Two Interactive Software from $195.00 to $180.00 in a research report on Tuesday, August 9th. Wells Fargo & Company lowered their target price on Take-Two Interactive Software to $185.00 and set a "na" rating on the stock in a report on Wednesday, May 18th. UBS Group cut their price target on Take-Two Interactive Software from $185.00 to $143.00 and set a "neutral" rating for the company in a report on Wednesday, June 29th. DZ Bank lowered shares of Take-Two Interactive Software from a "buy" rating to a "hold" rating and set a $135.00 price target for the company. in a research report on Wednesday. Finally, Truist Financial reduced their price objective on Take-Two Interactive Software from $175.00 to $162.00 and set a "buy" rating on the stock in a research note on Friday, August 5th. One analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $171.08.

Take-Two Interactive Software Stock Up 2.0 %

Shares of NASDAQ:TTWO opened at $123.14 on Friday. Take-Two Interactive Software has a 12-month low of $101.85 and a 12-month high of $195.82. The company has a current ratio of 0.92, a quick ratio of 1.83 and a debt-to-equity ratio of 0.30. The firm has a market cap of $14.26 billion, a PE ratio of 81.01, a price-to-earnings-growth ratio of 1.53 and a beta of 0.74. The company has a fifty day simple moving average of $126.74 and a 200 day simple moving average of $137.64.

Take-Two Interactive Software (NASDAQ:TTWO - Get Rating) last released its earnings results on Monday, August 8th. The company reported ($0.76) earnings per share for the quarter, missing the consensus estimate of $0.84 by ($1.60). The company had revenue of $1,000.00 million during the quarter, compared to the consensus estimate of $1.11 billion. Take-Two Interactive Software had a return on equity of 8.21% and a net margin of 4.26%. Take-Two Interactive Software's revenue for the quarter was up 40.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.70 EPS. On average, equities research analysts anticipate that Take-Two Interactive Software will post 4.34 EPS for the current fiscal year.

Insider Buying and Selling at Take-Two Interactive Software

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