GameStop Corp. (NYSE:GME) has earned an average rating of “Hold” from the twelve ratings firms that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $7.75.

A number of research analysts have issued reports on GME shares. Zacks Investment Research raised GameStop from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research note on Friday, February 22nd. Credit Suisse Group decreased their target price on GameStop from $11.00 to $10.00 and set an “underperform” rating for the company in a research note on Wednesday, April 3rd. Jefferies Financial Group set a $12.00 target price on GameStop and gave the company a “hold” rating in a research note on Friday, March 22nd. Telsey Advisory Group decreased their target price on GameStop from $11.00 to $10.00 and set a “market perform” rating for the company in a research note on Wednesday, April 3rd. Finally, Wedbush reissued an “outperform” rating and issued a $9.00 target price (down from $12.00) on shares of GameStop in a research note on Wednesday, June 5th.

Several hedge funds have recently bought and sold shares of the company. FMR LLC raised its stake in GameStop by 0.6% in the first quarter. FMR LLC now owns 15,295,131 shares of the company’s stock valued at $155,398,000 after buying an additional 93,245 shares during the period. BlackRock Inc. boosted its holdings in shares of GameStop by 0.3% during the 1st quarter. BlackRock Inc. now owns 15,189,573 shares of the company’s stock valued at $154,327,000 after acquiring an additional 46,502 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of GameStop by 5.2% during the 4th quarter. Bank of New York Mellon Corp now owns 3,190,184 shares of the company’s stock valued at $40,260,000 after acquiring an additional 157,322 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of GameStop by 627.0% during the 1st quarter. JPMorgan Chase & Co. now owns 2,734,838 shares of the company’s stock valued at $27,786,000 after acquiring an additional 2,358,639 shares in the last quarter. Finally, Paradice Investment Management LLC boosted its holdings in shares of GameStop by 1.9% during the 1st quarter. Paradice Investment Management LLC now owns 2,000,249 shares of the company’s stock valued at $20,323,000 after acquiring an additional 38,081 shares in the last quarter. 98.68% of the stock is owned by institutional investors.

NYSE GME traded down $0.10 on Friday, reaching $5.62. The company had a trading volume of 99,295 shares, compared to its average volume of 4,699,410. The company has a market capitalization of $583.45 million, a PE ratio of 2.62 and a beta of 0.65. The company has a current ratio of 1.48, a quick ratio of 0.59 and a debt-to-equity ratio of 0.79. GameStop has a 52 week low of $4.71 and a 52 week high of $17.27.

GameStop (NYSE:GME) last released its quarterly earnings data on Tuesday, June 4th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.09. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.64 billion. GameStop had a positive return on equity of 14.55% and a negative net margin of 8.32%. The firm’s revenue was down 13.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.38 earnings per share. As a group, sell-side analysts predict that GameStop will post 1.45 earnings per share for the current fiscal year.

About GameStop

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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Analyst Recommendations for GameStop (NYSE:GME)

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