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.
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.
Featured Article: How To Use The MarketBeat Retirement Calculator
This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team before publication. Please send any questions or comments about this story to [email protected]
Should you invest $ 1,000 in GameStop right now?
Before you consider GameStop, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts quietly whisper to their clients to buy now before the broader market takes hold … and GameStop was not on the list.
While GameStop currently has a “Sell” rating among analysts, top-rated analysts believe these five stocks are better bets.
See the 5 actions here