Wedbush set a $9.00 target price on GameStop (NYSE:GME) in a report published on Thursday, Stock Target Advisor reports. The firm currently has a buy rating on the stock.
Several other analysts also recently commented on the stock. Benchmark reiterated a sell rating and issued a $5.00 price target (down previously from $9.00) on shares of GameStop in a research report on Wednesday, June 5th. Loop Capital assumed coverage on shares of TENCENT HOLDING/ADR in a research report on Monday, June 3rd. They set a buy rating for the company. ValuEngine upgraded shares of GameStop from a sell rating to a hold rating in a research report on Sunday, June 9th. Telsey Advisory Group cut their price objective on shares of GameStop from $11.00 to $10.00 and set a market perform rating for the company in a research report on Wednesday, April 3rd. Finally, Credit Suisse Group cut their price objective on shares of HollyFrontier from $63.00 to $61.00 and set a neutral rating for the company in a research report on Wednesday, April 3rd. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The company has a consensus rating of Hold and an average target price of $9.20.
GME stock opened at $4.91 on Thursday. The firm has a fifty day simple moving average of $5.94. GameStop has a 12 month low of $4.71 and a 12 month high of $17.27. The stock has a market cap of $502.14 million, a P/E ratio of 2.29 and a beta of 0.38. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.59 and a current ratio of 1.48.
GameStop (NYSE:GME) last released its quarterly earnings results on Tuesday, June 4th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.09. GameStop had a negative net margin of 8.32% and a positive return on equity of 14.55%. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the prior year, the firm earned $0.38 EPS. GameStop’s revenue for the quarter was down 13.3% on a year-over-year basis. As a group, research analysts anticipate that GameStop will post 1.45 EPS for the current year.
A number of institutional investors have recently made changes to their positions in GME. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of GameStop during the 1st quarter worth $51,000. Investors Research Corp acquired a new position in shares of GameStop during the 1st quarter worth $55,000. Handelsbanken Fonder AB acquired a new position in shares of GameStop during the 2nd quarter worth $65,000. Everence Capital Management Inc. acquired a new position in shares of GameStop during the 1st quarter worth $111,000. Finally, Magnus Financial Group LLC acquired a new position in shares of GameStop during the 1st quarter worth $111,000. Institutional investors own 98.68% of the company’s stock.
GameStop Company Profile
GameStop Corp. operates as a multichannel video game and consumer electronics retailer in the United States, Canada, Australia, and Europe. The company sells new and pre-owned video game hardware; video game software; pre-owned and value video games; video game accessories, including controllers, gaming headsets, virtual reality products, memory cards, and other add-ons for use with video game hardware and software; and digital products, such as downloadable content, network points cards, prepaid digital and prepaid subscription cards, and digitally downloadable software, as well as collectible products.
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