GameStop Corp. (NYSE:GME) Receives Average Rating of "Hold" from Brokerages

Last updated on Wednesday, January 27, 2021 | 2021 MarketBeat

GameStop Corp. (NYSE:GME) has earned an average rating of "Hold" from the nine research firms that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $11.94.

A number of research analysts have recently commented on GME shares. Zacks Investment Research upgraded shares of GameStop from a "sell" rating to a "hold" rating and set a $12.00 target price for the company in a research note on Wednesday, November 4th. Jefferies Financial Group cut shares of GameStop from a "buy" rating to a "hold" rating and increased their price objective for the company from $10.00 to $13.00 in a research note on Monday, October 12th. Standpoint Research cut shares of GameStop from a "buy" rating to a "hold" rating in a research note on Wednesday, January 13th. Benchmark cut their price target on shares of GameStop from $6.00 to $5.00 and set a "sell" rating for the company in a research note on Wednesday, December 9th. Finally, Wedbush upped their price target on GameStop from $8.00 to $16.00 and gave the company a "neutral" rating in a research report on Friday, December 4th.

GameStop stock opened at $147.98 on Wednesday. GameStop has a one year low of $2.57 and a one year high of $159.18. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.50 and a current ratio of 1.05. The firm has a market capitalization of $10.32 billion, a P/E ratio of -34.82 and a beta of 1.40. The company has a 50-day simple moving average of $24.97 and a 200-day simple moving average of $13.02.

GameStop (NYSE:GME) last released its quarterly earnings data on Monday, December 7th. The company reported ($0.53) earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of ($0.85) by $0.32. GameStop had a negative net margin of 5.32% and a negative return on equity of 33.58%. The firm had revenue of $1 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the prior year, the business earned ($0.49) EPS. The company's revenue for the quarter was down 30.2% compared to the same quarter last year. As a group, sell-side analysts forecast that GameStop will post -2.07 earnings per share for the current year.

In related news, Director Kurt James Wolf sold 810,000 shares of the company's stock in a transaction dated Wednesday, January 13th. The shares were sold at an average price of $21.22, for a total transaction of $17,188,200.00. Following the completion of the sale, the director now owns 57,258 shares of the company's stock, valued at $1,215,014.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Raul J. Fernandez sold 3,500 shares of the firm's stock in a transaction dated Friday, January 15th. The shares were sold at an average price of $37.71, for a total transaction of $131,985.00. Following the completion of the transaction, the director now directly owns 31,789 shares in the company, valued at $1,198,763.19. The disclosure for this sale can be found here. Company insiders own 2.40% of the company's stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Honkamp Krueger Financial Services Inc. lifted its position in shares of GameStop by 10.0% during the 3rd quarter. Honkamp Krueger Financial Services Inc. now owns 11,000 shares of the company's stock valued at $112,000 after acquiring an additional 1,000 shares during the period. International Assets Investment Management LLC bought a new position in shares of GameStop during the 4th quarter worth about $61,000. Cambria Investment Management L.P. grew its stake in shares of GameStop by 2.6% in the 3rd quarter. Cambria Investment Management L.P. now owns 129,363 shares of the company's stock valued at $1,320,000 after buying an additional 3,317 shares during the period. Strs Ohio increased its position in GameStop by 10.2% in the 4th quarter. Strs Ohio now owns 57,200 shares of the company's stock valued at $1,077,000 after buying an additional 5,300 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its stake in GameStop by 12.8% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 59,212 shares of the company's stock worth $604,000 after buying an additional 6,702 shares during the period.

GameStop Company Profile

GameStop Corp. operates as a multichannel video game, consumer electronics, and collectibles retailer in the United States, Canada, Australia, and Europe. The company sells new and pre-owned video game platforms; accessories, including controllers, gaming headsets, virtual reality products, and memory cards; new and pre-owned video game software; and in-game digital currency, digital downloadable content, and full-game downloads, as well as network points cards, and prepaid digital and prepaid subscription cards.

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Analyst Recommendations for GameStop (NYSE:GME)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]



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