How to Buy Take Two Interactive Software Stock
Take Two Interactive Software Inc
Take-Two Interactive Software, Inc. develops, publishes, and markets interactive entertainment solutions for consumers worldwide.
Take Two Interactive Software stock last closed at $141.72, up 1.26% from the previous day, and has increased 10.9% in one year. It has overperformed other stocks in the Electronic Gaming & Multimedia industry by 0.13 percentage points. Take Two Interactive Software stock is currently +18.53% from its 52-week low of $119.57, and -17.41% from its 52-week high of $171.59.
As of Apr 23, 2024, there are 170.59M TTWO shares outstanding. The market capitalization of TTWO is $24.18B. In the past 24 hours, 1.26M TTWO shares were traded.
How to Buy Take Two Interactive Software Stock
Not sure how to invest in Take Two Interactive Software stock? Here's how.
- Decide where to buy Take Two Interactive Software stock: You need to pick an online brokerage, but don't worry - we've sifted through dozens of online brokerages and apps to help you choose where to buy Take Two Interactive Software stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit money your brokerage account: Select your payment method and add your info.
- Research Take Two Interactive Software stock: The Take Two Interactive Software ticker symbol is TTWO. Is Take Two Interactive Software stock a good investment? Should you buy shares of TTWO? How do TTWO's underlying business fundamentals look? Do top analysts think Take Two Interactive Software is a good buy? Why has TTWO's stock price moved recently? (Hint: Our stock research website can help you decide if TTWO is a good stock to buy).
- Place your TTWO buy order: Decide if you will purchase TTWO shares at the current market price or use a limit order to buy TTWO shares at a given price.
- Get key alerts regarding your TTWO position: Create a watchlist to get live updates on your investment in Take Two Interactive Software stock.
Step 1: Decide where to buy Take Two Interactive Software stock
You need a brokerage account in order to access the NASDAQ market and buy TTWO stock.
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've selected your brokerage, the next step is to fill out some personal details so you can invest in TTWO stock today.
How to Start a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to open your new trading account.
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Step 3: Deposit money your brokerage account
Now that you have finished signing up on a good stock buying app, you need to deposit funds:
Check out this video walkthrough for more details depositing funds into your investment account.
Step 4: Research Take Two Interactive Software stock
Once you have identified the best place to buy Take Two Interactive Software stock, it's crucial to analyze their stock before you buy, so you can understand the risk and upside.
Take Two Interactive Software shares quick numbers
Take Two Interactive Software Due Diligence Checks
WallStreetZen was designed to help everyday investors do more accurate fundamental analysis in less time.
You can see all of the due diligence checks on TTWO's stock page.
How is TTWO stock valued?
You can use many financial metrics, analyses, models, and charts to gauge TTWO's true value.
Using relative valuations metrics:
- TTWO may be undervalued based on its P/B ratio of 2.84x, relative to Electronic Gaming & Multimedia industry P/B ratio of 3.98x
You can do additional valuation research on TTWO's stock here.
Is TTWO a healthy company?
Positive Health Checks:
- TTWO has cash burn of 203900000. It has sufficient cash and short-term investments to cover this for at least one year.
- Total TTWO debt is lower than 5 years ago, relative to shareholder equity.
- TTWO has $1.21B in cash and short term investments. This is enough to cover its annual cash burn of $203.90M.
Negative Health Checks:
- TTWO has a relatively high debt to equity ratio of 0.75.
- There are more short-term liabilities than short-term assets on the TTWO balance sheet.
- TTWO profit margin has gone down from -8.3% to -26.9% in the past year.
- There are more long-term liabilities than short-term assets on the TTWO balance sheet.
Is Take Two Interactive Software stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 17 Wall Street analysts who track TTWO, the consensus analyst rating on TTWO is a Strong Buy
Please note that analyst forecasts are not stock recommendations, nor are they financial advice.
Most Recent TTWO Analyst Ratings
Andrew Uerkwitz, a top 17% analyst from Jefferies assumes TTWO with a strong buy rating and announces their TTWO price target of $195.00, on Apr 1, 2024.
David Karnovsky, a top 22% analyst from JP Morgan maintains TTWO with a strong buy rating and lowers their TTWO price target from $188.00 to $180.00, on Feb 9, 2024.
Eric Handler, a top 14% analyst from Roth MKM maintains TTWO with a strong buy rating and raises their TTWO price target from $168.00 to $185.00, on Feb 9, 2024.
Roth MKM's Eric Handler raised their price target on Take Two Interactive Software (NASDAQ: TTWO) by 10.1% from $168 to $185 on 2024/02/09. The analyst maintained their Strong Buy rating on the stock.
Post Take Two Interactive Software's 2024/02/09-dated Q3 2024 print, Handler highlighted that the company's stock price dropped almost 10% after hours.
However, delayed titles are "all too familiar" in the gaming industry, and the quality of the games set to be released by the company in the near future is still impressive, the analyst argued.
Earnings Report
For Q3 2024, Take Two Interactive Software reported:
- Loss per share of $0.54, which missed the Zacks Consensus Estimate of EPS of $0.72 but beat, by 40.7%, Q3 2023’s $(0.91).
- Revenue of $1.37B, which met the Zacks Consensus Estimate but missed, by 3%, Q3 2023’s $1.41B.
- Cost of revenue of $688.2M.
- Operating expense of $807.6M.
- Interest and other expenses of $22.5M.
- Loss before income taxes of $152.3M.
- EBITDA of $146.5M.
- Net bookings of $1.34B.
Management guided:
For Q4 2024:
- Loss per share of $0.90 to $1.00.
- Revenue of $1.32B to $1.37B.
- Cost of revenue of $609M to $628M.
- Operating expense of $896M to $906M.
- Interest and other expenses of $30M.
- Loss before income taxes of $192M to $213M.
- Net loss $153M to $170M.
- EBITDA of $33M to $55M
- Net bookings of $1.27B to $1.32B.
For FY 2024:
- Loss per share of $5.85 to $5.95.
- Revenue of $5.27B to $5.32B.
- Operating income of $90M.
- Cost of revenue of $2.787B to $2.806B.
- Operating expense of $3.545B to $3.555B.
- Interest and other expenses of $110M.
- Capex of $150M.
- Loss before income taxes of $1.172B to $1.151B.
- Net loss $995B to $1.013BM.
- EBITDA of $313M to $334M
- Net bookings of $5.25B to $5.3B.
Chairman & CEO Strauss Zelnick commented: “Grand Theft Auto V and Grand Theft Auto Online, the Red Dead Redemption series, and Zynga’s in-app purchases, led by Toon Blast, exceeded our expectations as we launched engaging new content, partnerships, and activations.
“This was partially offset by some softness in mobile advertising and sales for NBA 2K24.
"We are reducing our outlook for the year to reflect these factors, as well as a planned release moving out of Q4, and increased marketing for Zynga’s new hit mobile game, Match Factory!, which we believe will enable us to scale the title meaningfully.
"Our strategy is anchored in creativity, innovation, and efficiency. We are currently working on a significant cost reduction program across our entire business to maximize our margins, while still investing for growth.
“These measures are incremental to, and more robust than, our prior cost reduction program, and we aim to achieve greater operating leverage as we roll out our outstanding release schedule.
"We have always managed Take-Two for the long-term.
“Our Company's potential is vast and unique, driven by our creative talent, our owned and controlled IP, and our groundbreaking pipeline for FY 2025 and beyond.
“As we focus on our strategic priorities, we are confident that we will grow our Net Bookings, enhance our profitability, and continue to deliver value for our shareholders.”
Brian Fitzgerald, a top 24% analyst from Wells Fargo maintains TTWO with a strong buy rating and raises their TTWO price target from $170.00 to $193.00, on Feb 1, 2024.
Eric Sheridan, a top 1% analyst from Goldman Sachs maintains TTWO with a strong buy rating and raises their TTWO price target from $165.00 to $200.00, on Jan 19, 2024.
You can dive deeper into what analysts are projecting on the Take Two Interactive Software stock forecast page.
TTWO Technicals
How is TTWO performing as a company?
Last year, TTWO revenue was $5.40B. Over the last five year, TTWO's revenue has increased by 15.91% per year. This was slower than the Electronic Gaming & Multimedia industry average of 19.91%.
You can analyze TTWO's earnings and revenue performance here.
What are TTWO executives and large shareholders up to?
In the last 12 months, insiders at TTWO have sold more shares than they have bought.
Karl Slatoff, President of TTWO, was the latest TTWO insider to sell. They sold $4,432,544.78 worth of TTWO shares on Apr 12, 2024.
Research more about who owns TTWO shares here.
Can I rely on TTWO as an income stream?
No, Take Two Interactive Software doesn't provide an income stream by paying out dividends.
What do other investors have to say about TTWO?
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Place your TTWO buy order
You have two main options:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are usually the easiest way to buy. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a given price limit, place a limit order.
Press the Open Trade button and your broker will place your order.
If you require additional info about buying stocks on eToro, click the how to video below:
Step 6: Get key alerts regarding your TTWO position
Now that you own some TTWO shares, you'll want to keep up with your new investment.
Put TTWO on a watchlist to get alerted to the latest events about your TTWO stock.
TTWO Feed
How to Buy Stock in Take Two Interactive Software
To reiterate, here are the 6 steps to buy Take Two Interactive Software stock:
- Decide where to buy Take Two Interactive Software stock
- Sign up for your brokerage account
- Deposit money your brokerage account
- Research Take Two Interactive Software stock
- Place your TTWO buy order
- Get key alerts regarding your TTWO position
If you require a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to keep an eye on your new investment in Take Two Interactive Software, create your watchlist below.
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