ValuEngine downgraded shares of GameStop (NYSE:GME) from a buy rating to a hold rating in a report issued on Friday, February 2nd.
GME has been the topic of a number of other research reports. Zacks Investment Research cut GameStop from a buy rating to a hold rating in a research report on Tuesday, November 7th. SunTrust Banks reissued a buy rating and set a $25.00 price objective on shares of GameStop in a report on Tuesday, October 17th. Credit Suisse Group set a $20.00 price objective on GameStop and gave the stock a hold rating in a report on Saturday, November 25th. Vetr cut GameStop from a strong-buy rating to a hold rating and set a $16.58 price objective on the stock. in a report on Friday, November 17th. Finally, Loop Capital set a $26.00 price objective on GameStop and gave the stock a buy rating in a report on Friday, January 12th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $22.42.
Shares of GameStop (NYSE:GME) traded up $0.34 during trading on Friday, reaching $16.17. The company had a trading volume of 5,587,078 shares, compared to its average volume of 4,288,862. GameStop has a 1-year low of $15.10 and a 1-year high of $26.68. The company has a market capitalization of $1,638.09, a P/E ratio of 4.71, a P/E/G ratio of 0.32 and a beta of 1.25. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.20 and a quick ratio of 0.38.
GameStop (NYSE:GME) last announced its quarterly earnings data on Tuesday, November 21st. The company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.11. GameStop had a return on equity of 16.50% and a net margin of 3.98%. The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the prior year, the company earned $0.49 EPS. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. sell-side analysts anticipate that GameStop will post 3.23 EPS for the current fiscal year.
In other news, Director Stephanie M. Shern sold 4,000 shares of the stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $17.91, for a total transaction of $71,640.00. Following the transaction, the director now directly owns 13,474 shares in the company, valued at approximately $241,319.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.80% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in GME. State of Alaska Department of Revenue bought a new position in GameStop during the 4th quarter worth approximately $104,000. Macquarie Group Ltd. bought a new position in GameStop during the 3rd quarter worth approximately $112,000. SeaCrest Wealth Management LLC bought a new position in GameStop during the 4th quarter worth approximately $140,000. Kovack Advisors Inc. bought a new position in GameStop during the 4th quarter worth approximately $181,000. Finally, Unison Advisors LLC bought a new position in GameStop during the 4th quarter worth approximately $198,000.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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