Take-Two Interactive Software Inc. (NASDAQ: TTWO) stock jumped 0.66% on Thursday to $136.73 against a previous-day closing price of $135.84. With 1.61 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.73 million shares. During the session, the Electronic Gaming & Multimedia company that operates in wider Communication Services sector, reached to the highest price of $137.44 whereas the lowest price it dropped to was $134.65. The 52-week range on TTWO shows that it touched its highest point at $141.96 and its lowest point at $90.00 during that stretch. It currently has a 1-year price target of $144.19. Beta for the stock currently stands at 0.67.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TTWO was down-trending over the past week, with a drop of -2.08%, but this was up by 12.44% over a month. Three-month performance surged to 25.10% while six-month performance rose 36.33%. The stock gained 11.44% in the past year, while it has gained 31.31% so far this year. A look at the trailing 12-month EPS for TTWO yields -6.83 with Next year EPS estimates of 7.93. For the next quarter, that number is 0.47. This implies an EPS growth rate of -29.60% for this year and 115.61% for next year. EPS is expected to grow by 34.59% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 38.00%.
Float and Shares Shorts:
At present, 168.00 million TTWO shares are outstanding with a float of 164.62 million shares on hand for trading. On Apr 27, 2023, short shares totaled 7.02 million, which was 4.16% higher than short shares on Mar 30, 2023. In addition to Mr. Strauss H. Zelnick Esq., J.D. as the firm’s Exec. Chairman & CEO, Mr. Karl Slatoff serves as its Pres.
Through their ownership of 99.62% of TTWO’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 55.13% of TTWO, in contrast to 32.04% held by mutual funds. Shares owned by individuals account for 18.19%. As the largest shareholder in TTWO with 10.54% of the stake, The Vanguard Group, Inc. holds 17,775,981 shares worth 17,775,981. A second-largest stockholder of TTWO, Capital Research & Management Co, holds 9,037,077 shares, controlling over 5.36% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in TTWO, holding 8,376,196 shares or 4.97% stake. With a 3.11% stake in TTWO, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 5,242,874 shares are owned by the mutual fund manager. The American Funds Growth Fund of Ame, which owns about 3.00% of TTWO stock, is the second-largest Mutual Fund holder. It holds 5,053,058 shares valued at 628.04 million. Vanguard Mid Cap Index Fund holds 2.34% of the stake in TTWO, owning 3,937,878 shares worth 489.44 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, TTWO reported revenue of $1.10B and operating income of -$37.40M. The EBITDA in the recently reported quarter was $184.80M and diluted EPS was -$0.76.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TTWO since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With TTWO analysts setting a high price target of $165.00 and a low target of $120.00, the average target price over the next 12 months is $148.63. Based on these targets, TTWO could surge 20.68% to reach the target high and fall by -12.24% to reach the target low. Reaching the average price target will result in a growth of 8.7% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded TTWO stock several times over the past three months with 1 Buys and 5 Sells. In these transactions, 12,914 shares were bought while 175,001 shares were sold. The number of buy transactions has increased to 32 while that of sell transactions has risen to 14 over the past year. The total number of shares bought during that period was 1,567,785 while 230,534 shares were sold.