Take-Two Interactive Software (TTWO) was Reiterated by Stifel to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 46 from a previous price target of $41 . Stifel advised their investors in a research report released on Aug 8, 2016.
Many Wall Street Analysts have commented on Take-Two Interactive Software. Shares were Reiterated by Mizuho on May 19, 2016 to “Buy” and Lowered the Price Target to $ 40 from a previous price target of $41 .
On the company’s financial health, Take-Two Interactive Software reported $-0.21 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $-0.30. The company had revenue of $272.60 million for the quarter, compared to analysts expectations of $258.96 million. The company’s revenue was down -25.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.31 EPS.
Take-Two Interactive Software opened for trading at $42.5 and hit $42.98 on the upside on Friday, eventually ending the session at $41.37, with a gain of 1.97% or 0.8 points. The heightened volatility saw the trading volume jump to 33,43,142 shares. Company has a market cap of $3,510 M.
In a different news, on Jun 10, 2016, Michael Dornemann (director) sold 11,500 shares at $39.66 per share price. According to the SEC, on Jun 10, 2016, Strauss Zelnick (Chairman, CEO) sold 50,000 shares at $39.14 per share price. On Jun 10, 2016, Daniel P Emerson (Exec. VP and General Counsel) sold 16,348 shares at $39.16 per share price, according to the Form-4 filing with the securities and exchange commission.
Take-Two Interactive Software Inc. is a developer publisher and marketer of interactive entertainment. The Company develops and publishes products through its two wholly owned labels Rockstar Games and 2K. The Company 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. The Company’s products are designed for console gaming systems such as Sony’s PlayStation 3 and PlayStation 4 Microsoft’s Xbox 360 and Xbox One and personal computers including Smartphone’s and tablets. Rockstar Games is the developer and publisher of Grand Theft Auto as well as other franchises including L.A. Noire Max Payne Midnight Club and Red Dead. The Company’s 2K publishes owned and licensed titles across a range of genres including shooter action role-playing strategy sports and family/casual.