GameStop Corp. (NYSE:GME)’s share price gapped down before the market opened on Monday . The stock had previously closed at $4.52, but opened at $4.41. GameStop shares last traded at $4.35, with a volume of 6,735,286 shares traded.

Several research firms have issued reports on GME. Benchmark lowered their price target on shares of GameStop from $5.00 to $3.00 and set a “sell” rating for the company in a report on Wednesday, September 11th. They noted that the move was a valuation call. Loop Capital set a $4.00 price target on shares of GameStop and gave the stock a “hold” rating in a report on Thursday. Bank of America lowered their price target on shares of GameStop from $4.00 to $2.50 and set an “underperform” rating for the company in a report on Tuesday, August 20th. Ascendiant Capital Markets lowered shares of GameStop from a “buy” rating to a “hold” rating and set a $4.00 price target for the company. in a report on Wednesday, June 5th. Finally, Wedbush lowered their price target on shares of GameStop from $9.00 to $8.00 and set an “outperform” rating for the company in a report on Wednesday, September 11th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. GameStop presently has a consensus rating of “Hold” and an average target price of $8.35.

The company has a market cap of $414.30 million, a price-to-earnings ratio of 2.03 and a beta of 0.36. The company has a current ratio of 1.37, a quick ratio of 0.59 and a debt-to-equity ratio of 1.16. The firm’s 50-day moving average price is $3.88 and its 200 day moving average price is $6.92.

GameStop (NYSE:GME) last announced its quarterly earnings data on Tuesday, September 10th. The company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.10). The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.37 billion. GameStop had a positive return on equity of 15.38% and a negative net margin of 13.59%. During the same period last year, the business earned $0.05 EPS. Analysts forecast that GameStop Corp. will post 1.21 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in the company. Magnetar Financial LLC acquired a new stake in shares of GameStop during the 2nd quarter worth approximately $223,000. United Services Automobile Association grew its position in shares of GameStop by 12.4% during the 2nd quarter. United Services Automobile Association now owns 36,164 shares of the company’s stock worth $198,000 after buying an additional 4,003 shares during the period. Factorial Partners LLC grew its position in shares of GameStop by 17.8% during the 2nd quarter. Factorial Partners LLC now owns 53,000 shares of the company’s stock worth $290,000 after buying an additional 8,000 shares during the period. Voloridge Investment Management LLC grew its position in shares of GameStop by 168.5% during the 2nd quarter. Voloridge Investment Management LLC now owns 424,081 shares of the company’s stock worth $2,320,000 after buying an additional 266,155 shares during the period. Finally, Nuveen Asset Management LLC acquired a new stake in shares of GameStop during the 2nd quarter worth approximately $2,642,000.

About GameStop (NYSE:GME)

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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