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

Key Points

• Nintendo's shares jumped from a closing price of $21.01 to an opening price of $22.31 before trading at $22.50, indicating a strong market interest.
• Analysts have a favorable view of Nintendo, with a consensus rating of "Buy", and recent upgrades to a "strong-buy" from several investment firms.
• The company reported quarterly earnings meeting expectations at $0.09 EPS, but had a staggering revenue figure of $3.80 billion against analysts’ estimates.

Nintendo Co. (OTCMKTS:NTDOY - Get Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $21.01, but opened at $22.31. Nintendo shares last traded at $22.50, with a volume of 171,056 shares.

Wall Street Analysts Forecast Growth

NTDOY has been the topic of several analyst reports. Wedbush raised Nintendo to a "strong-buy" rating in a research report on Tuesday, July 1st. Citigroup assumed coverage on shares of Nintendo in a report on Friday, May 2nd. They issued a "buy" rating for the company. Finally, Benchmark upgraded shares of Nintendo to a "strong-buy" rating in a report on Monday, May 19th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy".

Nintendo Stock Performance

The business's fifty day moving average price is $21.84 and its 200-day moving average price is $19.56. The stock has a market cap of $126.28 billion, a PE ratio of 57.88 and a beta of 0.64.

Nintendo (OTCMKTS:NTDOY - Get Free Report) last posted its earnings results on Friday, August 1st. The company reported $0.09 earnings per share for the quarter, meeting analysts' consensus estimates of $0.09. Nintendo had a return on equity of 9.92% and a net margin of 19.61%. The company had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $448.24 billion. Analysts forecast that Nintendo Co. will post 0.44 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Nintendo

Institutional investors have recently bought and sold shares of the stock. First Horizon Advisors Inc. boosted its stake in Nintendo by 34.9% during the second quarter. First Horizon Advisors Inc. now owns 2,462 shares of the company's stock worth $59,000 after buying an additional 637 shares during the period. PNC Financial Services Group Inc. lifted its stake 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 during the last quarter. Confluence Investment Management LLC grew its stake in Nintendo by 1.5% in the 2nd quarter. Confluence Investment Management LLC now owns 56,080 shares of the company's stock worth $1,347,000 after acquiring an additional 843 shares in the last quarter. Appleton Partners Inc. MA boosted its position in shares of Nintendo by 1.5% in the 1st 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. Finally, GAMMA Investing LLC raised its stake in shares of Nintendo by 24.1% in the first quarter. GAMMA Investing LLC now owns 16,062 shares of the company's stock worth $276,000 after purchasing an additional 3,114 shares during the last quarter. 0.02% of the stock is owned by hedge funds and other 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.