GameStop Corp. (NYSE: GME) Given the average rating of “Sell” by brokerage firms

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GameStop Corp. (NYSE: GME) has received a consensus recommendation to “Sell” by the six research firms that cover the company, reports Marketbeat Ratings. Five research analysts rated the stock with a sell recommendation and one issued a keep recommendation on the company. The one-year average price target among brokerages that reported on the stock in the past year is $ 70.00.

GME has been the subject of a number of recent research reports. Ascendiant Capital Markets reiterated a “sell” note on GameStop shares in a report released on Monday, September 27. Zacks Investment Research downgraded GameStop from a “custody” rating to a “strong sell” rating and set a target price of $ 135.00 for the company. in a report on Monday, December 13. Finally, Wedbush lowered its target price on GameStop from $ 50.00 to $ 45.00 and established an “underperformance” rating for the company in a report released on Thursday, December 9.

A number of hedge funds and other institutional investors have recently changed their positions in the company. Vanguard Group Inc. increased its stake in GameStop by 9.0% during the 2nd quarter. Vanguard Group Inc. now owns 6,041,749 shares of the company valued at $ 1,293,780,000 after purchasing an additional 500,526 shares during the last quarter. Geode Capital Management LLC increased its stake in GameStop by 11.6% during the 3rd quarter. Geode Capital Management LLC now owns 752,985 shares of the company valued at $ 132,126,000 after purchasing an additional 78,453 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in GameStop during the second quarter valued at approximately $ 129,799,000. Bank of New York Mellon Corp increased its stake in GameStop by 10.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 549,188 shares of the company valued at $ 96,366,000 after purchasing an additional 50,855 shares during the last quarter. Finally, Morgan Stanley raised its stake in GameStop shares by 210.3% in the second quarter. Morgan Stanley now owns 493,850 shares of the company valued at $ 105,753,000 after purchasing an additional 334,683 shares in the last quarter. 26.98% of the capital is held by institutional investors.

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Knightscope, Inc., a developer of advanced physical security technologies focused on improving security operations in the United States, has begun offering up to $ 40 million in Class A common stock, with the shares to be listed immediately after the close of NASDAQ under the symbol “KSCP.”

NYSE GME shares opened at $ 155.64 on Friday. GameStop has a twelve month low of $ 15.18 and a twelve month high of $ 483.00. The company has a current ratio of 1.90, a quick ratio of 1.73, and a debt ratio of 0.03. The stock has a fifty-day simple moving average of $ 188.83 and a 200-day simple moving average of $ 192.84. The stock has a market cap of $ 11.88 billion, a PE ratio of -75.55 and a beta of -2.02.

GameStop (NYSE: GME) last released its quarterly earnings data on Wednesday, December 8. The company reported ($ 1.39) earnings per share for the quarter, missing Zacks’ consensus estimate of ($ 0.52) of ($ 0.87). GameStop had a negative net margin of 2.61% and a negative return on equity of 8.05%. The company posted revenue of $ 1.30 billion in the quarter, against analysts’ estimates of $ 1.19 billion. During the same period of the previous year, the company posted ($ 0.53) earnings per share. The company’s quarterly revenue increased 29.1% from the same quarter last year. On average, stock analysts forecast GameStop to post earnings per share of -1.77 for the current year.

GameStop Company Profile

GameStop Corp. is engaged in the retail sale of multi-channel video games, consumer electronics and wireless services. It operates through the following segments: United States, Canada, Australia and Europe. The United States segment includes the retail operations and e-commerce websites www.gamestop.com and www.thinkgeek.com, Game Informer magazine and Kongregate.

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Analyst Recommendations for GameStop (NYSE: GME)

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