Take-Two Interactive Software Inc (NASDAQ:TTWO) Financial Statement

[EDGAR] Take-Two Interactive Software Inc (NASDAQ:TTWO)(TREND ANALYSIS) senior management and certain members of the Board of Directors of Take-Two Interactive Software, Inc. (the “Company”) began using the materials included in Exhibit 99.1 to this report (the “Investor Presentation”) in connection with presentations to existing shareholders of the Company.

The Investor Presentation is incorporated into this Item 8.01 by reference and will be available on the Company’s website at www.take2games.com.

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Take-Two Interactive Software Inc (NASDAQ:TTWO) stock is currently trading 13.48% below its 52-week-high, 40.59% above its 52-week-low. The 1-year stock price history is in the range of $20.13 – $32.71. Take-Two Interactive Software Inc (TTWO) has a price to book ratio of 4.34 versus Technology sector average of 2.78. TTWO stock price has outperformed the Nasdaq by 0.9%. The Entertainment Software company is currently valued at $2.34 billion and its share price closed the last trading session at $28.3. The stock has a 50-day moving average of $30.31 and a 200-day moving average of $27.3.

Take-Two Interactive Software Inc (TTWO) current short interest stands at 14.93 million shares. It has increased by 3% from the same period of last month. Around 20% of the company’s shares, which are float, are short sold. With a 10-days average volume of 1.93 million shares, the number of days required to cover the short positions stand at 7.8 days.

TTWO reported last quarter earnings on August 10. The Entertainment Software company announced earnings per share of $0.21 against a consensus Street estimate of $0.27, missing estimate by $0.06. This corresponds to an increase of $0.23 compared to the same quarter of the previous fiscal year.

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There are currently eighteen analysts that cover Take-Two Interactive Software Inc stock. Of those eighteen, twelve have a Buy rating, six have a Hold rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $34.92.

A recent analyst activity consisted of Piper Jaffray reiterating their Overweight stance on August 11. Piper Jaffray increased their price target on TTWO from $34 to $37. This corresponds to a 30.74% upside from the last closing price. On the date of report, the stock closed at $30.59.

Brean Capital reiterated their Buy stance on July 28, and increased their price target on TTWO stock from $32 to $35. This corresponds to a 23.67% upside from the last closing price. On the date of report, the stock closed at $31.52.

Another research firm was Mizuho Securities who initiated their coverage on the stock with Buy rating on June 26. Mizuho Securities fixed their price target at $32. This translates to a 13.07% upside from the last closing price. On the date of report, the stock closed at $28.62.

Company profile

Take-Two Interactive Software, Inc. develops, markets, distributes, and publishes interactive entertainment software games and accessories. The Company’s products are for console systems, handheld gaming systems and personal computers (including smartphones and tablets) and are delivered through physical retail, digital download, online and cloud streaming services.

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