Media coverage about Take-Two Interactive Software (NASDAQ:TTWO) has been trending positive on Saturday, AlphaOne Sentiment reports. The research group, a subsidiary of Accern, rates the sentiment of press coverage by reviewing more than 20 million news and blog sources. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Take-Two Interactive Software earned a news impact score of 0.39 on AlphaOne’s scale. AlphaOne also assigned media headlines about the company an impact score of 83 out of 100, meaning that recent press coverage is very likely to have an impact on the company’s share price in the near term.
Here are some of the media headlines that may have impacted AlphaOne’s rankings:
- Take-Two Interactive Software, Inc. (TTWO) Receives Consensus Recommendation of “Buy” from Analysts (americanbankingnews.com)
- Popular GTA modder tool receives a Cease and Desist from Take Two (engadget.com)
- Decade-Old GTA4 Modding Tool Suddenly Taken Down After Take-Two Interactive’s Threat (techdirt.com)
- Take-Two Interactive Software, Inc. (TTWO) Rating Lowered to Buy at BidaskClub (ismboard.com)
- Take-Two Interactive Software, Inc. (TTWO) VP Sells 18440 Shares of Stock (emfizz.com)
A number of equities research analysts recently commented on the stock. Credit Suisse Group restated a “hold” rating and set a $71.00 price objective on shares of Take-Two Interactive Software in a report on Thursday, May 25th. Zacks Investment Research upgraded shares of Take-Two Interactive Software from a “hold” rating to a “strong-buy” rating and set a $68.00 price objective on the stock in a report on Thursday, April 6th. Cowen and Company raised their price objective on shares of Take-Two Interactive Software from $60.00 to $79.00 and gave the stock an “outperform” rating in a report on Thursday, May 25th. Benchmark Co. restated a “buy” rating and set a $85.00 price objective (up from $77.00) on shares of Take-Two Interactive Software in a report on Wednesday, May 24th. Finally, Jefferies Group LLC restated a “buy” rating and set a $65.00 price objective on shares of Take-Two Interactive Software in a report on Tuesday, May 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and fifteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $72.41.
Take-Two Interactive Software (NASDAQ:TTWO) traded up 0.20% on Friday, reaching $74.16. 2,227,978 shares of the company were exchanged. Take-Two Interactive Software has a 12-month low of $35.00 and a 12-month high of $80.54. The stock has a market capitalization of $7.29 billion, a P/E ratio of 103.72 and a beta of 0.66. The company’s 50-day moving average price is $71.60 and its 200-day moving average price is $59.28.
Take-Two Interactive Software (NASDAQ:TTWO) last released its quarterly earnings data on Tuesday, May 23rd. The company reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.08. Take-Two Interactive Software had a net margin of 3.70% and a return on equity of 22.89%. The firm had revenue of $407.20 million for the quarter, compared to the consensus estimate of $354.10 million. During the same quarter in the prior year, the company posted $0.46 earnings per share. The business’s revenue was up 18.9% on a year-over-year basis. 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 company’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $78.53, for a total value of $2,748,550.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Daniel P. Emerson sold 5,884 shares of the company’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $76.68, for a total transaction of $451,185.12. Following the completion of the sale, the vice president now owns 117,019 shares of the company’s stock, valued at approximately $8,973,016.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 447,077 shares of company stock worth $27,096,616. Corporate insiders own 2.50% of the company’s stock.
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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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