GameStop Corp. (NYSE:GME) has received a consensus recommendation of “Hold” from the twelve analysts that are presently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $6.69.
GME has been the subject of several research analyst reports. Wedbush dropped their target price on shares of GameStop from $9.00 to $8.00 and set an “outperform” rating for the company in a research report on Wednesday, September 11th. ValuEngine raised shares of GameStop from a “sell” rating to a “hold” rating in a research report on Tuesday, September 10th. Benchmark dropped their target price on shares of GameStop from $5.00 to $3.00 and set a “sell” rating for the company in a research report on Wednesday, September 11th. They noted that the move was a valuation call. Loop Capital set a $4.00 target price on shares of GameStop and gave the stock a “hold” rating in a research report on Thursday, September 12th. Finally, Ascendiant Capital Markets cut shares of GameStop from a “buy” rating to a “hold” rating and set a $4.00 target price for the company. in a research report on Wednesday, June 5th.
GME traded up $0.26 during trading on Friday, hitting $4.70. 11,257,460 shares of the stock traded hands, compared to its average volume of 9,734,738. The firm has a market capitalization of $401.63 million, a P/E ratio of 2.20 and a beta of 0.36. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.37 and a quick ratio of 0.59. The firm has a 50-day moving average of $3.92 and a 200 day moving average of $6.78. GameStop has a 12-month low of $3.15 and a 12-month high of $16.90.
Several large investors have recently bought and sold shares of the company. Magnetar Financial LLC bought a new position in shares of GameStop in the 2nd quarter worth about $223,000. United Services Automobile Association increased its stake in shares of GameStop by 12.4% in the 2nd quarter. United Services Automobile Association now owns 36,164 shares of the company’s stock worth $198,000 after acquiring an additional 4,003 shares in the last quarter. Factorial Partners LLC increased its stake in shares of GameStop by 17.8% in the 2nd quarter. Factorial Partners LLC now owns 53,000 shares of the company’s stock worth $290,000 after acquiring an additional 8,000 shares in the last quarter. Voloridge Investment Management LLC increased its stake in shares of GameStop by 168.5% in the 2nd quarter. Voloridge Investment Management LLC now owns 424,081 shares of the company’s stock worth $2,320,000 after acquiring an additional 266,155 shares in the last quarter. Finally, Nuveen Asset Management LLC bought a new position in shares of GameStop in the 2nd quarter worth about $2,642,000.
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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