Take-Two Interactive Software, Inc. to Post Q1 2023 Earnings of $0.16 Per Share, Oppenheimer Forecasts (NASDAQ:TTWO)

Take-Two Interactive Software, Inc. (NASDAQ:TTWOGet Rating) – Investment analysts at Oppenheimer issued their Q1 2023 earnings per share (EPS) estimates for shares of Take-Two Interactive Software in a research report issued on Tuesday, August 2nd. Oppenheimer analyst M. Yang anticipates that the company will post earnings of $0.16 per share for the quarter. Oppenheimer has a “NA” rating and a $190.00 price objective on the stock. The consensus estimate for Take-Two Interactive Software’s current full-year earnings is $4.54 per share. Oppenheimer also issued estimates for Take-Two Interactive Software’s Q2 2023 earnings at $1.10 EPS, Q3 2023 earnings at $1.83 EPS, Q4 2023 earnings at $0.82 EPS, FY2023 earnings at $3.92 EPS and FY2024 earnings at $6.21 EPS.

Take-Two Interactive Software (NASDAQ:TTWOGet Rating) last announced its quarterly earnings results on Monday, May 16th. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.16. The business had revenue of $845.78 million for the quarter, compared to analysts’ expectations of $884.62 million. Take-Two Interactive Software had a return on equity of 12.63% and a net margin of 11.93%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.66 EPS.

Other equities analysts have also recently issued reports about the company. Cowen decreased their price target on Take-Two Interactive Software to $185.00 and set a “na” rating on the stock in a research note on Tuesday, May 17th. Deutsche Bank Aktiengesellschaft reduced their target price on Take-Two Interactive Software from $215.00 to $200.00 in a research note on Wednesday, May 25th. Wedbush boosted their target price on Take-Two Interactive Software from $145.00 to $162.00 and gave the company an “outperform” rating in a research note on Wednesday, June 8th. UBS Group reduced their target price on Take-Two Interactive Software from $185.00 to $143.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 29th. Finally, Truist Financial reduced their target price on Take-Two Interactive Software from $175.00 to $162.00 and set a “buy” rating on the stock in a research note on Friday. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Take-Two Interactive Software currently has an average rating of “Moderate Buy” and a consensus price target of $174.83.

Take-Two Interactive Software Price Performance

Shares of Take-Two Interactive Software stock opened at $127.16 on Friday. The business’s 50 day simple moving average is $127.08 and its two-hundred day simple moving average is $139.19. The stock has a market capitalization of $14.73 billion, a P/E ratio of 35.52, a price-to-earnings-growth ratio of 1.32 and a beta of 0.74. Take-Two Interactive Software has a one year low of $101.85 and a one year high of $195.82.

Insiders Place Their Bets

In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 3,381 shares of the business’s stock in a transaction on Wednesday, June 15th. The stock was sold at an average price of $124.23, for a total value of $420,021.63. Following the sale, the insider now directly owns 92,191 shares of the company’s stock, valued at $11,452,887.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Take-Two Interactive Software news, insider Daniel P. Emerson sold 3,381 shares of the business’s stock in a transaction on Wednesday, June 15th. The stock was sold at an average price of $124.23, for a total value of $420,021.63. Following the sale, the insider now directly owns 92,191 shares of the company’s stock, valued at $11,452,887.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Daniel P. Emerson sold 3,125 shares of the company’s stock in a transaction on Monday, June 6th. The shares were sold at an average price of $127.78, for a total value of $399,312.50. Following the transaction, the insider now directly owns 95,572 shares in the company, valued at $12,212,190.16. The disclosure for this sale can be found here. Corporate insiders own 1.13% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Take-Two Interactive Software by 1.0% during the first quarter. Vanguard Group Inc. now owns 12,458,920 shares of the company’s stock valued at $1,915,435,000 after purchasing an additional 118,028 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Take-Two Interactive Software by 2.8% during the fourth quarter. BlackRock Inc. now owns 10,527,202 shares of the company’s stock valued at $1,870,892,000 after purchasing an additional 284,978 shares in the last quarter. State Street Corp lifted its holdings in shares of Take-Two Interactive Software by 1.7% during the fourth quarter. State Street Corp now owns 5,594,611 shares of the company’s stock valued at $994,274,000 after purchasing an additional 95,435 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Take-Two Interactive Software by 18.0% during the fourth quarter. Alliancebernstein L.P. now owns 4,722,683 shares of the company’s stock valued at $839,315,000 after purchasing an additional 720,712 shares in the last quarter. Finally, Capital World Investors bought a new position in shares of Take-Two Interactive Software during the first quarter valued at $513,164,000. 88.08% of the stock is owned by institutional investors.

About Take-Two Interactive Software

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Take-Two Interactive Software, Inc develops, publishes, and markets interactive entertainment solutions for consumers worldwide. The company offers its products under the Rockstar Games, 2K, Private Division, and T2 Mobile Games names. It develops and publishes action/adventure products under the Grand Theft Auto, Max Payne, Midnight Club, and Red Dead Redemption names; and offers episodes and content, as well as develops brands in other genres, including the LA Noire, Bully, and Manhunt franchises.

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