Insider Selling: Michael Dornemann Sells 2,471 Shares of Take-Two Interactive Software Stock (TTWO)
Take-Two Interactive Software (NASDAQ:TTWO) Director Michael Dornemann sold 2,471 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $18.15, for a total transaction of $44,848.65. Following the sale, the director now directly owns 38,960 shares of the company’s stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on TTWO shares. Analysts at Pacific Crest downgraded shares of Take-Two Interactive Software (NASDAQ:TTWO) from an “outperform” rating to a “sector perform” rating in a research note to investors on Wednesday, September 11th. Separately, analysts at Benchmark Co. initiated coverage on shares of Take-Two Interactive Software (NASDAQ:TTWO) in a research note to investors on Friday, August 9th. They set a “buy” rating and a $22.85 price target on the stock. Finally, analysts at Zacks upgraded shares of Take-Two Interactive Software (NASDAQ:TTWO) from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, August 5th. They now have a $19.30 price target on the stock.
Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $20.14.
Shares of Take-Two Interactive Software (NASDAQ:TTWO) traded up 1.18% on Wednesday, hitting $17.20. The stock had a trading volume of 5,614,936 shares. Take-Two Interactive Software has a 52-week low of $10.01 and a 52-week high of $19.25. The stock’s 50-day moving average is $18.21 and its 200-day moving average is $16.36. The company has a market cap of $1.496 billion and a price-to-earnings ratio of 75.22. Take-Two Interactive Software also was the target of unusually large options trading on Tuesday. Stock investors purchased 5,029 put options on the company. This is an increase of approximately 628% compared to the typical daily volume of 691 put options.
Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings data on Tuesday, July 30th. The company reported ($0.54) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.58) by $0.04. The company had revenue of $144.30 million for the quarter, compared to the consensus estimate of $125.63 million. During the same quarter last year, the company posted ($1.16) earnings per share. Take-Two Interactive Software’s revenue was down 36.2% compared to the same quarter last year. Analysts expect that Take-Two Interactive Software will post $2.51 EPS for the current fiscal year.
Take-Two Interactive Software, Inc is a developer, marketer and publisher of interactive entertainment for consumers worldwide.
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