Insider Selling: Take-Two Interactive Software Director Sells 1,867 Shares of Stock (TTWO)
Take-Two Interactive Software (NASDAQ:TTWO) Director Michael Dornemann unloaded 1,867 shares of the company’s stock on the open market in a transaction dated Monday, August 18th. The stock was sold at an average price of $21.92, for a total transaction of $40,924.64. Following the sale, the director now directly owns 28,210 shares in the company, valued at approximately $618,363. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Take-Two Interactive Software (NASDAQ:TTWO) opened at 22.08 on Thursday. Take-Two Interactive Software has a 1-year low of $15.99 and a 1-year high of $23.67. The stock has a 50-day moving average of $22.29 and a 200-day moving average of $20.88. The company has a market cap of $1.752 billion and a price-to-earnings ratio of 6.35.
Take-Two Interactive Software (NASDAQ:TTWO) last posted its quarterly earnings results on Tuesday, August 5th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.12. The company had revenue of $125.40 million for the quarter, compared to the consensus estimate of $135.20 million. During the same quarter in the previous year, the company posted ($0.54) earnings per share. The company’s revenue for the quarter was down 12.1% on a year-over-year basis. On average, analysts predict that Take-Two Interactive Software will post $1.04 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Take-Two Interactive Software from a “neutral” rating to an “outperform” rating in a research note on Wednesday, August 6th. They now have a $24.10 price target on the stock. Separately, analysts at Ascendiant Capital Markets raised their price target on shares of Take-Two Interactive Software from $26.00 to $27.00 in a research note on Tuesday, August 5th. Finally, analysts at Stifel Nicolaus raised their price target on shares of Take-Two Interactive Software from $24.00 to $27.00 in a research note on Thursday, July 31st. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Take-Two Interactive Software currently has an average rating of “Hold” and a consensus price target of $24.12.
Take-Two Interactive Software, Inc is a developer, publisher and marketer of interactive entertainment for consumers worldwide.
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