GameStop (NYSE:GME) Stock Rating Upgraded by Wedbush

Wedbush upgraded shares of GameStop (NYSE:GME - Free Report) to a strong sell rating in a research report released on Tuesday morning,Zacks.com reports. Wedbush also issued estimates for GameStop's Q2 2026 earnings at $0.19 EPS, Q3 2026 earnings at $0.15 EPS, Q4 2026 earnings at $0.22 EPS, FY2026 earnings at $0.75 EPS, Q1 2027 earnings at $0.07 EPS, Q2 2027 earnings at $0.06 EPS, Q3 2027 earnings at $0.06 EPS, Q4 2027 earnings at $0.16 EPS, FY2027 earnings at $0.36 EPS, Q1 2028 earnings at $0.06 EPS and FY2028 earnings at $0.29 EPS.

Separately, Wall Street Zen upgraded GameStop from a "sell" rating to a "hold" rating in a report on Thursday, March 27th.

GameStop Price Performance

Shares of GameStop stock traded down $0.32 during midday trading on Tuesday, hitting $23.64. 5,566,311 shares of the company were exchanged, compared to its average volume of 11,280,621. The firm has a 50 day simple moving average of $27.11 and a 200-day simple moving average of $26.81. The company has a debt-to-equity ratio of 0.30, a current ratio of 8.39 and a quick ratio of 7.89. GameStop has a 52 week low of $18.73 and a 52 week high of $35.81. The firm has a market cap of $10.57 billion, a P/E ratio of 51.38 and a beta of -0.81.

GameStop (NYSE:GME - Get Free Report) last issued its quarterly earnings data on Tuesday, June 10th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.13. The firm had revenue of $732.40 million during the quarter, compared to the consensus estimate of $754.23 million. GameStop had a return on equity of 5.25% and a net margin of 5.67%. The business's revenue for the quarter was down 16.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.12) EPS. Research analysts forecast that GameStop will post 0.08 earnings per share for the current year.

Insider Activity

In other news, Director Alain Attal bought 10,000 shares of the firm's stock in a transaction dated Thursday, April 10th. The shares were bought at an average price of $25.75 per share, with a total value of $257,500.00. Following the completion of the transaction, the director owned 572,464 shares of the company's stock, valued at $14,740,948. This trade represents a 1.78% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel Mark Haymond Robinson sold 1,269 shares of the company's stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $23.95, for a total value of $30,392.55. Following the completion of the transaction, the general counsel directly owned 127,836 shares in the company, valued at $3,061,672.20. The trade was a 0.98% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 12.28% of the company's stock.

Institutional Investors Weigh In On GameStop

A number of large investors have recently added to or reduced their stakes in GME. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in GameStop by 223.5% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 990 shares of the company's stock worth $31,000 after purchasing an additional 684 shares during the last quarter. Bessemer Group Inc. lifted its stake in shares of GameStop by 67.2% in the 4th quarter. Bessemer Group Inc. now owns 1,720 shares of the company's stock valued at $54,000 after acquiring an additional 691 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in shares of GameStop by 32.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 2,130 shares of the company's stock valued at $67,000 after acquiring an additional 520 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of GameStop in the 4th quarter valued at $99,000. Finally, UMB Bank n.a. lifted its stake in shares of GameStop by 100.6% in the 1st quarter. UMB Bank n.a. now owns 3,651 shares of the company's stock valued at $81,000 after acquiring an additional 1,831 shares during the last quarter. Institutional investors and hedge funds own 29.21% of the company's stock.

GameStop Company Profile

GameStop Corp., a specialty retailer, provides games and entertainment products through its stores and ecommerce platforms in the United States, Canada, Australia, and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, and virtual reality products; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads.