Favorable News Coverage Somewhat Unlikely to Impact Take-Two Interactive Software (TTWO) Stock Price

News coverage about Take-Two Interactive Software (NASDAQ:TTWO) has been trending positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Take-Two Interactive Software earned a news sentiment score of 0.29 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 45.5840234239161 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the media stories that may have effected Accern Sentiment’s rankings:

Shares of Take-Two Interactive Software (NASDAQ:TTWO) traded down 0.16% during trading on Tuesday, hitting $99.95. The stock had a trading volume of 1,347,271 shares. Take-Two Interactive Software has a one year low of $41.70 and a one year high of $101.40. The stock has a market capitalization of $10.44 billion, a price-to-earnings ratio of 59.00 and a beta of 0.77. The stock has a 50 day moving average price of $90.59 and a 200-day moving average price of $72.94.

Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.25. The business had revenue of $348.30 million for the quarter, compared to analyst estimates of $280.70 million. Take-Two Interactive Software had a return on equity of 28.89% and a net margin of 8.73%. Take-Two Interactive Software’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.21) EPS. On average, equities research analysts predict that Take-Two Interactive Software will post $2.16 earnings per share for the current year.

A number of brokerages have weighed in on TTWO. Credit Suisse Group reiterated a “hold” rating and issued a $71.00 price target on shares of Take-Two Interactive Software in a research report on Thursday, May 25th. Stifel Nicolaus reiterated a “buy” rating and issued a $87.00 price target on shares of Take-Two Interactive Software in a research report on Monday, July 10th. Cowen and Company reiterated a “buy” rating and issued a $79.00 price target on shares of Take-Two Interactive Software in a research report on Tuesday, July 11th. Jefferies Group LLC reiterated a “buy” rating and issued a $108.00 price target (up from $91.00) on shares of Take-Two Interactive Software in a research report on Thursday, August 3rd. Finally, MKM Partners reiterated a “buy” rating and issued a $97.00 price target (up from $86.00) on shares of Take-Two Interactive Software in a research report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $87.42.

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In related news, Director Michael Dornemann sold 7,000 shares of the business’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $87.80, for a total transaction of $614,600.00. Following the sale, the director now owns 9,394 shares in the company, valued at approximately $824,793.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael Sheresky sold 465 shares of the business’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $89.96, for a total value of $41,831.40. Following the sale, the director now owns 69,006 shares in the company, valued at approximately $6,207,779.76. The disclosure for this sale can be found here. Insiders have sold a total of 87,465 shares of company stock worth $7,677,331 in the last 90 days. 1.55% of the stock is currently owned by corporate insiders.

Take-Two Interactive Software Company Profile

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.

Insider Buying and Selling by Quarter for Take-Two Interactive Software (NASDAQ:TTWO)

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