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.

Take-Two Interactive Software Trading Down 2.5 %

NASDAQ:TTWO traded down $3.12 during trading hours on Thursday, reaching $120.67. The company's stock had a trading volume of 2,299,268 shares, compared to its average volume of 2,545,985. The firm has a market capitalization of $13.97 billion, a price-to-earnings ratio of 81.44, a PEG ratio of 1.29 and a beta of 0.74. The firm has a 50-day simple moving average of $126.98 and a 200-day simple moving average of $138.34. Take-Two Interactive Software has a 1 year low of $101.85 and a 1 year high of $195.82. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.83 and a current ratio of 0.92.

Take-Two Interactive Software (NASDAQ:TTWO - Get Rating) last issued its earnings results on Monday, August 8th. The company reported ($0.76) EPS for the quarter, missing analysts' consensus estimates of $0.84 by ($1.60). The business had revenue of $1,000.00 million during the quarter, compared to analysts' expectations of $1.11 billion. Take-Two Interactive Software had a return on equity of 8.27% and a net margin of 4.26%. Take-Two Interactive Software's revenue for the quarter was up 40.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.70 EPS. Research analysts expect that Take-Two Interactive Software will post 4.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TTWO has been the topic of a number of recent analyst reports. StockNews.com cut Take-Two Interactive Software from a "hold" rating to a "sell" rating in a research note on Wednesday. Barclays lifted their target price on Take-Two Interactive Software from $171.00 to $175.00 and gave the stock an "overweight" rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft lowered their price objective on Take-Two Interactive Software from $215.00 to $200.00 in a research note on Wednesday, May 25th. UBS Group lowered their price objective on Take-Two Interactive Software from $185.00 to $143.00 and set a "neutral" rating on the stock in a research note on Wednesday, June 29th. Finally, JPMorgan Chase & Co. assumed coverage on Take-Two Interactive Software in a research note on Thursday, June 9th. They issued an "overweight" rating and a $175.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $171.08.

Insiders Place Their Bets

In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 3,381 shares of the firm's stock in a transaction on 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 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 is available through this hyperlink. In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 3,381 shares of the firm's stock in a transaction on 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 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 is available through this hyperlink. Also, insider Daniel P. Emerson sold 3,125 shares of the firm's stock in a transaction on Monday, June 6th. The stock was sold at an average price of $127.78, for a total transaction of $399,312.50. Following the completion of the sale, the insider now directly owns 95,572 shares in the company, valued at approximately $12,212,190.16. The disclosure for this sale can be found here. Insiders own 1.13% of the company's stock.