GameStop Corp. (NYSE:GME) has received an average rating of "Sell" from the nine ratings firms that are currently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $48.17.
Several brokerages recently commented on GME. Wedbush reaffirmed an "underperform" rating and set a $29.00 price objective on shares of GameStop in a research note on Tuesday, March 30th. Standpoint Research cut shares of GameStop from a "buy" rating to a "hold" rating in a research note on Wednesday, January 13th. Credit Suisse Group reaffirmed a "sell" rating on shares of GameStop in a research note on Thursday, April 1st. Zacks Investment Research cut shares of GameStop from a "buy" rating to a "hold" rating and set a $203.00 price objective for the company. in a research note on Friday, March 26th. Finally, Ascendiant Capital Markets reissued a "sell" rating on shares of GameStop in a research note on Monday, April 19th.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Arizona State Retirement System lifted its holdings in shares of GameStop by 1.2% in the 1st quarter. Arizona State Retirement System now owns 17,072 shares of the company's stock worth $3,241,000 after acquiring an additional 196 shares during the last quarter. Traynor Capital Management Inc. bought a new stake in shares of GameStop in the 1st quarter worth approximately $290,000. Victory Capital Management Inc. bought a new stake in shares of GameStop in the 1st quarter worth approximately $1,332,000. Manchester Financial Inc. bought a new stake in shares of GameStop in the 1st quarter worth approximately $209,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in GameStop by 15.2% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,078 shares of the company's stock valued at $1,154,000 after buying an additional 804 shares during the last quarter.
GME opened at $161.01 on Friday. The company has a market capitalization of $11.39 billion, a price-to-earnings ratio of -37.88 and a beta of 1.40. The company has a quick ratio of 0.50, a current ratio of 1.05 and a debt-to-equity ratio of 0.65. The firm has a 50-day moving average price of $172.43 and a 200-day moving average price of $86.12. GameStop has a twelve month low of $3.77 and a twelve month high of $483.00.
GameStop (NYSE:GME) last posted its earnings results on Monday, March 22nd. The company reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.01). The business had revenue of $2.12 billion during the quarter, compared to analysts' expectations of $2.23 billion. GameStop had a negative return on equity of 33.58% and a negative net margin of 5.32%. GameStop's revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.27 EPS. On average, sell-side analysts expect that GameStop will post -2.07 earnings per share for the current fiscal year.
GameStop Corp., a specialty retailer, provides games and entertainment products through its e-commerce properties and various stores in the United States, Canada, Australia, and Europe. The company sells new and pre-owned video game platforms; accessories, such as 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 subscription cards.
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