Traders Purchase Large Volume of Put Options on Take-Two Interactive Software (TTWO)
Shares of Take-Two Interactive Software (NASDAQ:TTWO) were the target of some unusual options trading activity on Tuesday. Stock traders acquired 15,574 put options on the company, Analyst Ratings Network.com reports. This represents an increase of 1,481% compared to the typical volume of 985 put options.
TTWO has been the subject of a number of recent research reports. Analysts at Benchmark Co. raised their price target on shares of Take-Two Interactive Software from $20.05 to $22.74 in a research note on Monday, May 5th. Separately, 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. Finally, 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. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Take-Two Interactive Software has a consensus rating of “Hold” and an average target price of $21.18.
Take-Two Interactive Software (NASDAQ:TTWO) traded down 0.19% during mid-day trading on Tuesday, hitting $20.63. The stock had a trading volume of 6,553,047 shares. Take-Two Interactive Software has a 52 week low of $14.10 and a 52 week high of $22.41. The stock has a 50-day moving average of $20.79 and a 200-day moving average of $18.9. The company has a market cap of $1.755 billion and a P/E ratio of 5.54.
Take-Two Interactive Software (NASDAQ:TTWO) last announced its earnings results on Tuesday, May 13th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.11. The company had revenue of $233.20 million for the quarter, compared to the consensus estimate of $201.51 million. During the same quarter in the previous year, the company posted $0.38 earnings per share. The company’s revenue for the quarter was down 23.1% on a year-over-year basis. Analysts expect that Take-Two Interactive Software will post $4.21 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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