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 report published on Tuesday,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 raised shares of GameStop from a "sell" rating to a "hold" rating in a research report on Thursday, March 27th.

GameStop Trading Down 1.3%

NYSE GME traded down $0.32 on Tuesday, hitting $23.64. The company's stock had a trading volume of 5,566,311 shares, compared to its average volume of 11,278,607. The firm has a market cap of $10.57 billion, a P/E ratio of 51.38 and a beta of -0.81. GameStop has a 52-week low of $18.73 and a 52-week high of $35.81. The company's 50-day simple moving average is $27.11 and its 200 day simple moving average is $26.78. The company has a current ratio of 8.39, a quick ratio of 7.89 and a debt-to-equity ratio of 0.30.

GameStop (NYSE:GME - Get Free Report) last announced its earnings results on Tuesday, June 10th. The company reported $0.17 EPS for the quarter, beating analysts' consensus estimates of $0.04 by $0.13. The company 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 firm's revenue for the quarter was down 16.9% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.12) earnings per share. Research analysts predict that GameStop will post 0.08 EPS for the current fiscal year.

Insider Activity at GameStop

In related news, General Counsel Mark Haymond Robinson sold 1,269 shares of GameStop stock in a transaction that occurred on Wednesday, July 2nd. The stock was sold at an average price of $23.95, for a total transaction of $30,392.55. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Alain Attal purchased 10,000 shares of GameStop stock in a transaction that occurred on Thursday, April 10th. The stock was purchased at an average cost of $25.75 per share, for a total transaction of $257,500.00. Following the completion of the purchase, 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 disclosure for this purchase can be found here. Insiders own 12.28% of the company's stock.

Institutional Trading of GameStop

A number of hedge funds have recently modified their holdings of GME. SBI Securities Co. Ltd. bought a new position in shares of GameStop in the 4th quarter worth about $99,000. Steward Partners Investment Advisory LLC grew its holdings in GameStop by 10.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 6,658 shares of the company's stock worth $209,000 after purchasing an additional 650 shares during the period. State of Michigan Retirement System increased its stake in shares of GameStop by 4.5% during the fourth quarter. State of Michigan Retirement System now owns 96,200 shares of the company's stock valued at $3,015,000 after purchasing an additional 4,100 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of GameStop by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,610,264 shares of the company's stock valued at $113,146,000 after purchasing an additional 107,354 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of GameStop by 5.2% during the fourth quarter. Victory Capital Management Inc. now owns 76,752 shares of the company's stock valued at $2,405,000 after purchasing an additional 3,770 shares during the last quarter. Institutional investors 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.