Take-Two Interactive Software (TTWO) Projected to Post Quarterly Earnings on Thursday

Take-Two Interactive Software (NASDAQ:TTWO) will likely be posting its quarterly earnings results after the market closes on Thursday, February 6th. Analysts expect Take-Two Interactive Software to post earnings of $0.64 per share and revenue of $1.39 billion for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Take-Two Interactive Software Stock Performance

Shares of NASDAQ:TTWO opened at $190.09 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $33.39 billion, a price-to-earnings ratio of -8.98, a PEG ratio of 5.84 and a beta of 0.89. Take-Two Interactive Software has a 12 month low of $135.24 and a 12 month high of $192.14. The firm’s 50-day moving average is $185.67 and its 200 day moving average is $166.78.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on TTWO shares. Wedbush reissued an “outperform” rating and set a $190.00 price target on shares of Take-Two Interactive Software in a research note on Monday, December 9th. Oppenheimer upped their price target on shares of Take-Two Interactive Software from $190.00 to $215.00 and gave the stock an “outperform” rating in a report on Tuesday, January 21st. UBS Group upgraded shares of Take-Two Interactive Software from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $175.00 to $230.00 in a report on Monday. BMO Capital Markets restated an “outperform” rating and issued a $240.00 target price (up from $190.00) on shares of Take-Two Interactive Software in a research note on Thursday, December 5th. Finally, JPMorgan Chase & Co. raised their target price on shares of Take-Two Interactive Software from $195.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Two research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $203.47.

Insider Transactions at Take-Two Interactive Software

In other news, insider Daniel P. Emerson sold 777 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $187.64, for a total transaction of $145,796.28. Following the sale, the insider now owns 149,379 shares of the company’s stock, valued at $28,029,475.56. This trade represents a 0.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Laverne Evans Srinivasan sold 2,000 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $179.17, for a total value of $358,340.00. Following the completion of the transaction, the director now directly owns 9,692 shares of the company’s stock, valued at $1,736,515.64. The trade was a 17.11 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.45% of the company’s stock.

Take-Two Interactive Software Company Profile

Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. It develops and publishes action/adventure products under the Grand Theft Auto, LA Noire, Max Payne, Midnight Club, and Red Dead Redemption names, as well as other franchises.