Loop Capital set a $7.00 price target on GameStop (NYSE:GME) in a report released on Monday, TipRanks reports. The brokerage currently has a hold rating on the stock.
GME has been the topic of several other reports. Jefferies Financial Group set a $12.00 target price on GameStop and gave the company a hold rating in a research report on Friday, March 22nd. Telsey Advisory Group lowered their price objective on GameStop from $11.00 to $10.00 and set a market perform rating on the stock in a research report on Wednesday, April 3rd. ValuEngine upgraded GameStop from a sell rating to a hold rating in a research report on Sunday, June 9th. Credit Suisse Group lowered their price objective on HollyFrontier from $63.00 to $61.00 and set a neutral rating on the stock in a research report on Wednesday, April 3rd. Finally, Wedbush set a $9.00 price objective on GameStop and gave the company a buy rating in a research report on Thursday, July 11th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of Hold and an average target price of $9.10.
NYSE GME traded down $0.25 on Monday, hitting $4.38. 6,360,862 shares of the company traded hands, compared to its average volume of 5,893,877. The firm has a market cap of $453.06 million, a P/E ratio of 2.05 and a beta of 0.37. The company has a quick ratio of 0.59, a current ratio of 1.48 and a debt-to-equity ratio of 0.79. The business has a 50 day simple moving average of $5.70. GameStop has a 52-week low of $4.63 and a 52-week high of $17.27.
Institutional investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC lifted its position in shares of GameStop by 21.2% in the first quarter. Nisa Investment Advisors LLC now owns 74,750 shares of the company’s stock valued at $759,000 after acquiring an additional 13,050 shares in the last quarter. Norges Bank bought a new stake in shares of GameStop in the fourth quarter worth about $20,351,000. Investors Research Corp bought a new stake in shares of GameStop in the first quarter worth about $55,000. Twin Tree Management LP bought a new stake in shares of GameStop in the first quarter worth about $153,000. Finally, Principal Financial Group Inc. increased its holdings in shares of GameStop by 2.3% in the fourth quarter. Principal Financial Group Inc. now owns 841,085 shares of the company’s stock worth $10,614,000 after purchasing an additional 18,545 shares during the last quarter. Institutional investors and hedge funds own 98.68% of the company’s stock.
GameStop Corp. operates as a multichannel video game and consumer electronics retailer in the United States, Canada, Australia, and Europe. The company sells new and pre-owned video game hardware; video game software; pre-owned and value video games; video game accessories, including controllers, gaming headsets, virtual reality products, memory cards, and other add-ons for use with video game hardware and software; and digital products, such as downloadable content, network points cards, prepaid digital and prepaid subscription cards, and digitally downloadable software, as well as collectible products.
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