Take-Two Interactive Software President Sells $1,223,016 in Stock (TTWO)
Take-Two Interactive Software (NASDAQ:TTWO) President Karl Slatoff sold 62,240 shares of Take-Two Interactive Software stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $19.65, for a total transaction of $1,223,016.00. Following the completion of the sale, the president now directly owns 2,905 shares of the company’s stock, valued at approximately $57,083. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Take-Two Interactive Software (NASDAQ:TTWO) traded up 2.29% on Thursday, hitting $20.51. The stock had a trading volume of 1,222,280 shares. Take-Two Interactive Software has a one year low of $14.08 and a one year high of $22.41. The stock’s 50-day moving average is $20.92 and its 200-day moving average is $18.56. The company has a market cap of $1.745 billion and a price-to-earnings ratio of 5.37. Take-Two Interactive Software also was the recipient of a large drop in short interest during the month of January. As of March 31st, there was short interest totalling 11,523,234 shares, a drop of 11.6% from the March 14th total of 13,036,980 shares. Based on an average daily volume of 1,741,000 shares, the days-to-cover ratio is currently 6.6 days. Approximately 12.4% of the shares of the company are short sold.
Take-Two Interactive Software (NASDAQ:TTWO) last issued its quarterly earnings data on Monday, February 3rd. The company reported $1.70 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.35 by $0.35. The company had revenue of $767.70 million for the quarter, compared to the consensus estimate of $701.20 million. During the same quarter in the prior year, the company posted $0.67 earnings per share. The company’s quarterly revenue was up 84.6% on a year-over-year basis. On average, analysts predict that Take-Two Interactive Software will post $4.21 earnings per share for the current fiscal year.
A number of research firms have recently commented on TTWO. Analysts at Cowen and Company raised their price target on shares of Take-Two Interactive Software from $19.00 to $20.00 in a research note on Friday, April 11th. Separately, analysts at Zacks downgraded shares of Take-Two Interactive Software from an “outperform” rating to a “neutral” rating in a research note on Wednesday, April 2nd. They now have a $23.50 price target on the stock. Finally, analysts at Hilliard Lyons downgraded shares of Take-Two Interactive Software from a “buy” rating to a “neutral” rating in a research note on Thursday, March 20th. Ten analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $21.00.
Take-Two Interactive Software, Inc is a developer, marketer and publisher of interactive entertainment for consumers worldwide.
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