Nintendo (OTCMKTS:NTDOY) Shares Gap Down - What's Next?

Key Points

• Nintendo's shares opened at $19.93 after closing at $20.61, reflecting a gap down of 2.6%.
• Analysts have adjusted their ratings, with Wedbush downgrading the stock from "outperform" to "neutral", while the consensus rating remains at "Buy".
• Institutional investors have shown a mixed interest, with First Horizon Advisors increasing its holdings in Nintendo by 34.9% in the second quarter.

Shares of Nintendo Co. (OTCMKTS:NTDOY - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $20.61, but opened at $19.93. Nintendo shares last traded at $20.06, with a volume of 161,260 shares traded.

Analyst Ratings Changes

Separately, Wedbush cut Nintendo from an "outperform" rating to a "neutral" rating in a research report on Wednesday, September 17th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy".

Nintendo Stock Down 2.6%

The stock has a 50 day moving average price of $22.52 and a 200 day moving average price of $21.20. The stock has a market capitalization of $104.26 billion, a price-to-earnings ratio of 47.79 and a beta of 0.58.

Nintendo (OTCMKTS:NTDOY - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The company reported $0.09 EPS for the quarter, hitting analysts' consensus estimates of $0.09. The company had revenue of $3.80 billion for the quarter, compared to analyst estimates of $448.24 billion. Nintendo had a return on equity of 9.77% and a net margin of 19.61%. Nintendo has set its FY 2026 guidance at 0.450-0.450 EPS. Sell-side analysts forecast that Nintendo Co. will post 0.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Nintendo

A number of hedge funds have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. increased its holdings in Nintendo by 34.9% in the second quarter. First Horizon Advisors Inc. now owns 2,462 shares of the company's stock worth $59,000 after purchasing an additional 637 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Nintendo by 13.6% in the second quarter. PNC Financial Services Group Inc. now owns 6,040 shares of the company's stock worth $145,000 after purchasing an additional 724 shares in the last quarter. Confluence Investment Management LLC increased its holdings in Nintendo by 1.5% in the second quarter. Confluence Investment Management LLC now owns 56,080 shares of the company's stock worth $1,347,000 after purchasing an additional 843 shares in the last quarter. GAMMA Investing LLC increased its holdings in Nintendo by 9.0% in the third quarter. GAMMA Investing LLC now owns 22,235 shares of the company's stock worth $474,000 after purchasing an additional 1,835 shares in the last quarter. Finally, Appleton Partners Inc. MA increased its holdings in Nintendo by 1.5% in the first quarter. Appleton Partners Inc. MA now owns 130,744 shares of the company's stock worth $2,245,000 after purchasing an additional 1,969 shares in the last quarter. 0.02% of the stock is currently owned by institutional investors.

Nintendo Company Profile

Nintendo Co, Ltd., together with its subsidiaries, develops, manufactures, and sells home entertainment products in Japan, the Americas, Europe, and internationally. It also offers video game platforms, playing cards, Karuta, and other products; and handheld and home console hardware systems and related software.

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