TAKE-TWO INTERACTIVE SOFTWARE (NASDAQ:TTWO) updated its third quarter 2019 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $2.50-2.60 for the period, compared to the Thomson Reuters consensus estimate of $2.59. The company issued revenue guidance of $1.4-1.45 billion, compared to the consensus revenue estimate of $1.35 billion.TAKE-TWO INTERACTIVE SOFTWARE also updated its FY 2019 guidance to $4.50-4.74 EPS.
A number of research firms have weighed in on TTWO. BidaskClub raised shares of TAKE-TWO INTERACTIVE SOFTWARE from a hold rating to a buy rating in a research note on Friday, September 14th. Bank of America lifted their price target on shares of TAKE-TWO INTERACTIVE SOFTWARE from $143.00 to $151.00 and gave the company a buy rating in a research report on Thursday, August 30th. Stifel Nicolaus lifted their price target on shares of TAKE-TWO INTERACTIVE SOFTWARE from $137.00 to $144.00 and gave the company a buy rating in a research report on Tuesday, September 11th. Sanford C. Bernstein initiated coverage on shares of TAKE-TWO INTERACTIVE SOFTWARE in a research report on Tuesday, October 9th. They set an outperform rating and a $175.00 price target on the stock. Finally, Wedbush set a $132.00 price target on shares of TAKE-TWO INTERACTIVE SOFTWARE and gave the company a buy rating in a research report on Thursday, July 26th. Five investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The company currently has an average rating of Buy and an average target price of $141.06.
Shares of TTWO stock traded up $2.13 during trading on Wednesday, hitting $125.81. 3,917,800 shares of the stock traded hands, compared to its average volume of 2,263,437. The firm has a market cap of $14.61 billion, a PE ratio of 71.89, a PEG ratio of 2.57 and a beta of 1.09. TAKE-TWO INTERACTIVE SOFTWARE has a 52-week low of $92.81 and a 52-week high of $139.91.
In other TAKE-TWO INTERACTIVE SOFTWARE news, Director Michael Sheresky sold 295 shares of the business’s stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of $129.07, for a total value of $38,075.65. Following the sale, the director now owns 69,168 shares of the company’s stock, valued at $8,927,513.76. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Paul E. Viera bought 75,000 shares of the business’s stock in a transaction on Monday, August 27th. The stock was purchased at an average cost of $133.93 per share, for a total transaction of $10,044,750.00. Following the transaction, the director now owns 926 shares of the company’s stock, valued at $124,019.18. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 39,576 shares of company stock worth $5,068,790. Corporate insiders own 1.07% of the company’s stock.
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TAKE-TWO INTERACTIVE SOFTWARE Company Profile
Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games and 2K labels, as well as under Private Division and Social Point labels. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead names through developing sequels; and offers downloadable episodes, content and virtual currency, and releasing titles for smartphones and tablets.
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