The sell to buy ratio for Take-Two Interactive Software, Inc. (NASDAQ:TTWO) over the past 12 months was at 0.81, pointing to bullish sentiments about the stock among corporate executives and directors. TTWO recorded 1 sales transactions on the open market over the last 3 months with a sale of around 226 shares. On the other hand, purchases amounted to 3,802 shares in that period. Looking at a longer time frame, the 52 week selling total stands at 608,049 shares when buyers snapped up 755,254 shares. The total signifies nearly a 0.81-to-1 sell/buy ratio.
On November 22, 2019, Take-Two Interactive Software, Inc. (NASDAQ:TTWO) shares lost -2.5% or -3.06 points to close at $119.48 with a heavy trading volume of 1.419 million shares. It opened the trading session at $122.2, the shares rose to $122.605 and dropped to $117.795, the range by which the price of stock traded the whole day. The company now has a market cap of $13.4 billion and currently has 111.96 million outstanding shares. Take-Two Interactive Software, Inc. (TTWO) stock has plunged -3.91 percent of market value in 21 trading days.
TTWO stock’s trailing 3-year beta is 0.71, meaning there will be a lower rate of return, although posing a lower risk. The part of a firm’s profit given to each outstanding share of regular stock was $3.06 share in the trailing 52 weeks. The stock’s value surged 16.07 percent year to date (YTD) compared to a rise of 11.83 percent in 52 week’s period. The firm’s shares are still trading -11.95 percent below its 1-year high of $135.70 and 41.55 percent up from 52-week low of $84.41. The average consensus ranking on the company is 2, on a ranging where 5 is equal to a consensus sell rating. In other words, the mean analyst recommendations are ranking this stock as a buy.
Past records have indicated that shares in Take-Two Interactive Software, Inc. rose on 27 different earnings reaction days and we have yet to see whether this trend will play out and remain in place when the company reports upcoming earnings.
Let’s take a glimpse at some insider activity at Take-Two Interactive Software, Inc. (NASDAQ:TTWO) and observe the pattern. The earliest insider trade happened on 11/18/2019. Sheresky Michael parted with a total of 0.23 thousand shares of the firm at average share price of $123.51. The total amount for the sale was set at $27.91 thousand. On completing this exchange, the Director account balance was 70.14 thousand shares. The stock lost -0.79 percent from that insider sale. On 08/16/2019, Emerson Daniel P, Chief Legal Officer, did a sale of 4.5 thousand shares at a price of $126.77 per share. This got rid of 570.47 thousand shares from the insider’s fortune and the stock experienced a -3.34 percent retreat in price since the news became public. This exchange saw 50.04 thousand shares get out from the Chief Legal Officer account.
On 08/13/2019, Director Sheresky Michael recorded a sale transaction valued at $28.68 thousand. The sale at $126.89 a share has eliminated 0.23 thousand shares from the insider’s portfolio position. Meanwhile, shares price witnessed -3.43 percent decrease since the transaction reporting date. The company insider is left with 69.91 thousand shares remaining in the account. ZELNICK STRAUSS, who works as Chairman, CEO at the company, performed a sale of 20 thousand shares in a transaction worth $2.6 million. The disposal recorded on 08/08/2019 was priced at $130.18 per share. The stock price plunged -5.87 percent since the transaction. ZELNICK STRAUSS currently holds a stake of 816.11 thousand in TTWO stock which is worth $97.51 million after the insider selling.
The stock is lingering around the initial support level of $117.32. After this, the following support is at the zone of $115.15. Up until the time the TTWO stock hit levels beyond the current one, bulls should have no alarm. In terms of its momentum, the stock’s RSI hit 43.47 on the daily chart, and this may be a cause for concern. In case the price goes below $115.15 level on closing basis, there may be more profit booking with the stock growing weaker. Still, getting to the $122.13 level may cause a pull-back move approaching $124.77 mark.
Take-Two Interactive Software, Inc. (TTWO) shares are trading at a P/E ratio of 38.5 times earnings posted in the trailing 12 months. The industry TTWO deals with has an average P/E of 35.2. Its P/B ratio is standing at 6.2X compared to the 4.8 industry average. It is additionally sporting a 4.3 on the Price-to-Sales ratio, compared to the industry’s P/S average of 5.4. Take-Two Interactive Software, Inc. has a 41.4% gross profit margin, with its operating margin around 7.4%. Alongside this, the company’s net profit margin currently stands at 11.1%.