Somewhat Positive News Coverage Somewhat Unlikely to Affect Take-Two Interactive Software (TTWO) Share Price
Media coverage about Take-Two Interactive Software (NASDAQ:TTWO) has trended somewhat positive on Thursday, according to Accern Sentiment. The research firm identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Take-Two Interactive Software earned a news impact score of 0.19 on Accern’s scale. Accern also assigned media stories about the company an impact score of 46.0279364038529 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- Top Video Game Stocks for 2018 (finance.yahoo.com)
- Take-Two Interactive Software, Inc., (NASDAQ: TTWO) – Is the Stock Safe to Invest? – Stock Watch (stocksnewstimes.com)
- Take-Two Interactive Software, Inc. (TTWO) adjusted -0.45% down to SMA-20 – The Stocks News (press release) (thestocksnews.com)
- Brokerages Expect Take-Two Interactive Software Inc (TTWO) Will Announce Quarterly Sales of $671.61 Million (americanbankingnews.com)
- Take-Two Interactive Software Inc (TTWO) Expected to Post Earnings of $0.98 Per Share (americanbankingnews.com)
Shares of Take-Two Interactive Software (NASDAQ:TTWO) traded down $0.45 during trading hours on Thursday, hitting $107.80. The stock had a trading volume of 962,700 shares, compared to its average volume of 1,943,279. Take-Two Interactive Software has a 12 month low of $48.58 and a 12 month high of $120.62. The company has a market capitalization of $12,360.00, a PE ratio of 98.90, a PEG ratio of 3.17 and a beta of 0.81. The company has a current ratio of 1.33, a quick ratio of 1.31 and a debt-to-equity ratio of 0.04.
A number of brokerages have weighed in on TTWO. KeyCorp reissued a “buy” rating on shares of Take-Two Interactive Software in a research report on Tuesday, December 19th. BTIG Research began coverage on Take-Two Interactive Software in a research report on Monday, December 18th. They set a “buy” rating and a $142.00 price target on the stock. Credit Suisse Group reissued a “hold” rating and set a $116.00 price target on shares of Take-Two Interactive Software in a research report on Thursday, December 7th. ValuEngine downgraded Take-Two Interactive Software from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Zacks Investment Research downgraded Take-Two Interactive Software from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 27th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. Take-Two Interactive Software currently has a consensus rating of “Buy” and an average price target of $114.23.
In related news, Director Michael Dornemann sold 5,500 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $118.50, for a total value of $651,750.00. Following the completion of the sale, the director now directly owns 4,777 shares in the company, valued at $566,074.50. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Strauss Zelnick sold 31,004 shares of the business’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $116.49, for a total value of $3,611,655.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,504 shares of company stock valued at $7,729,606. Corporate insiders own 1.55% of the company’s stock.
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About Take-Two Interactive Software
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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