Gamestop Corporation (NYSE:GME) Downgraded to Sell at BidaskClub
BidaskClub cut shares of Gamestop Corporation (NYSE:GME) from a hold rating to a sell rating in a research note released on Tuesday morning.
A number of other equities research analysts have also weighed in on the stock. Telsey Advisory Group upgraded shares of Gamestop Corporation from a market perform rating to an outperform rating in a report on Wednesday, May 10th. Mizuho restated a buy rating and issued a $27.00 price objective on shares of Gamestop Corporation in a report on Tuesday, April 18th. Vetr lowered shares of Gamestop Corporation from a sell rating to a strong sell rating and set a $20.04 price objective on the stock. in a report on Monday, May 15th. Loop Capital restated a buy rating and issued a $28.00 price objective on shares of Gamestop Corporation in a report on Sunday, May 28th. Finally, Hilliard Lyons lowered shares of Gamestop Corporation from a buy rating to a neutral rating in a report on Monday, March 27th. They noted that the move was a valuation call. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $24.84.
Shares of Gamestop Corporation (GME) traded down 0.92% during trading on Tuesday, hitting $21.50. The stock had a trading volume of 1,234,656 shares. Gamestop Corporation has a one year low of $20.10 and a one year high of $32.67. The stock’s 50 day moving average price is $21.19 and its 200-day moving average price is $23.12. The stock has a market cap of $2.18 billion, a P/E ratio of 6.40 and a beta of 1.20.
Gamestop Corporation (NYSE:GME) last announced its quarterly earnings data on Thursday, May 25th. The company reported $0.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.12. Gamestop Corporation had a net margin of 3.99% and a return on equity of 17.55%. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period last year, the business earned $0.66 EPS. The company’s revenue was up 3.8% on a year-over-year basis. Analysts expect that Gamestop Corporation will post $3.32 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of GME. James Investment Research Inc. increased its position in shares of Gamestop Corporation by 21.0% in the first quarter. James Investment Research Inc. now owns 4,630 shares of the company’s stock valued at $104,000 after buying an additional 805 shares during the last quarter. Camarda Financial Advisors LLC increased its position in shares of Gamestop Corporation by 9.4% in the second quarter. Camarda Financial Advisors LLC now owns 5,179 shares of the company’s stock valued at $112,000 after buying an additional 447 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Gamestop Corporation by 151.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,572 shares of the company’s stock valued at $116,000 after buying an additional 2,754 shares during the last quarter. Westpac Banking Corp acquired a new position in shares of Gamestop Corporation during the first quarter valued at about $134,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Gamestop Corporation by 126.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,616 shares of the company’s stock valued at $149,000 after buying an additional 3,700 shares during the last quarter. 99.62% of the stock is currently owned by institutional investors.
Gamestop Corporation Company Profile
GameStop Corp. is an omnichannel video game retailer. The Company sells video game hardware, physical and digital video game software, video game accessories, as well as mobile and consumer electronics products and other merchandise through its GameStop, EB Games and Micromania stores. It operates its business in five segments, which consists of four Video Game Brands segments: United States, Canada, Australia and Europe, and Technology Brands segment.
Receive News & Ratings for Gamestop Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gamestop Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.