Take-Two Interactive Software (NASDAQ:TTWO – Get a score) updated its FY23 earnings guidance on Monday. The company provided EPS guidance of ($2.75) – ($2.50) for the period, compared to the estimate of consensus earnings per share of $3.55. The company issued revenue guidance of $5.8 billion-$5.9 billion, compared to the consensus revenue estimate of $6.4 billion.
Wall Street analysts weigh in
Several brokerages recently issued reports on TTWO. Cowen cut their target price on shares of Take-Two Interactive Software from $229.00 to $185.00 in a research report on Tuesday, May 17th. UBS Group reduced their price objective on shares of Take-Two Interactive Software from $185.00 to $143.00 and set a neutral rating for the company in a research note on Wednesday, 29th june Morgan Stanley reduced their price objective on shares of Take-Two Interactive Software from $215.00 to $195.00 and set an overweight rating for the company in a research note on Tuesday, May 17th . Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Take-Two Interactive Software from $215.00 to $200.00 in a research note on Wednesday, May 25th. Finally, Wedbush boosted their price objective on shares of Take-Two Interactive Software from $145.00 to $162.00 and gave the company an outperform rating in a research note on Wednesday, 8th june Five investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Take-Two Interactive Software presently has a consensus rating of Moderate Buy and a consensus price target of $174.83, according to MarketBeat.com.
Take-Two Interactive Software Stock Drops 1.3%
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NASDAQ:TTWO traded down $1.65 during trading hours on Monday, reaching $125.51. 4,152,368 shares of the stock traded hands, compared to its average volume of 2,520,295. Take-Two Interactive Software has a one year low of $101.85 and a one year high of $195.82. The company has a market cap of $14.54 billion, a price-to-earnings ratio of 35.52, a price-to-earnings-growth ratio of 1.36 and a beta of 0.74. The stock has a 50-day moving average price of $127.08 and a 200-day moving average price of $138.84.
Take-Two Interactive Software (NASDAQ:TTWO – Get a score) last issued its quarterly 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). Take-Two Interactive Software had a net margin of 11.93% and a return on equity of 12.63%. The company had revenue of $1.000.00 million during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the prior year, the company earned $0.70 EPS. Take-Two Interactive Software’s revenue for the quarter was up 40.6% compared to the same quarter last year. equities analysts predict that Take-Two Interactive Software will post 4.46 earnings per share for the current fiscal year.
Insider buying and selling on Take-Two Interactive Software
In other Take-Two Interactive Software news, insider information Daniel P. Emerson sold 3,125 shares of Take-Two Interactive Software stock in a transaction that occurred on Monday, June 6th. The shares were sold at an average price of $127.78, for a total transaction of $399,312.50. Following the transaction, the user now owns 95,572 shares of the company’s stock, valued at $12,212,190.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Daniel P. Emerson sold 3,125 shares of the business’s stock in a transaction on 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 user now owns 95,572 shares of the company’s stock, valued at $12,212,190.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, inside Daniel P. Emerson sold 3,381 shares of the business’s stock in a transaction on Wednesday, June 15th. The stock was sold at an average price of $124.23, for a total transaction of $420,021.63. Following the completion of the transaction, the user now directly owns 92,191 shares in the company, valued at approximately $11,452,887.93. Disclosure of this sale can be found here. The privileged hold 1.13% of the company’s shares.
Hedge funds weigh Take-Two Interactive Software
Hedge funds have recently modified their holdings of the stock. Brown Brothers Harriman & Co. raised its stake in Take-Two Interactive Software by 33.0% during the first quarter. Brown Brothers Harriman & Co. now owns 5,011 shares of the company’s stock valued at $770,000 after purchasing an additional 1,243 shares during the last quarter. Echo Street Capital Management LLC bought a new stake in Take-Two Interactive Software during the first quarter valued at $630,000. Ethic Inc. raised its stake in Take-Two Interactive Software by 13.2% during the first quarter. Ethic Inc. now owns 3,615 shares of the company’s stock valued at $556,000 after purchasing an additional 422 shares during the last quarter. First Republic Investment Management Inc. raised its stake in Take-Two Interactive Software by 8.2% during the first quarter. First Republic Investment Management Inc. now owns 3,156 shares of the company’s stock valued at $485,000 after purchasing an additional 240 shares during the last quarter. Finally, Shay Capital LLC bought a new stake in Take-Two Interactive Software during the first quarter valued at $484,000. Hedge funds and other institutional investors own 88.08% of the company’s shares.
Profile of the interactive software company Take-Two
Take-Two Interactive Software, Inc develops, publishes and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the names Rockstar Games, 2K, Private Division and T2 Mobile Games. Develops and publishes action/adventure products under the names Grand Theft Auto, Max Payne, Midnight Club and Red Dead Redemption; and offers episodes and content, as well as developing brands in other genres, such as the LA Noire, Bully and Manhunt franchises.
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