GameStop (NYSE:GME) had its price objective trimmed by Telsey Advisory Group from $14.00 to $11.00 in a report released on Tuesday, January 29th. The firm currently has a market perform rating on the stock.
Other equities research analysts have also issued research reports about the company. Wedbush restated a buy rating and issued a $19.00 price objective on shares of GameStop in a research report on Monday, November 26th. TheStreet lowered GameStop from a c rating to a d+ rating in a research report on Friday, November 30th. Jefferies Financial Group lowered GameStop from a buy rating to a hold rating and increased their target price for the company from $11.50 to $13.00 in a research report on Tuesday, January 29th. Loop Capital set a $16.00 target price on GameStop and gave the company a hold rating in a research report on Friday, November 23rd. Finally, Zacks Investment Research upgraded GameStop from a sell rating to a hold rating in a research report on Thursday, November 29th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $13.22.
GameStop stock opened at $11.47 on Tuesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.30 and a current ratio of 1.10. GameStop has a 12 month low of $11.00 and a 12 month high of $17.27. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 3.43 and a beta of 0.68.
Large investors have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in GameStop in the 3rd quarter valued at $9,591,000. Paradice Investment Management LLC raised its stake in GameStop by 42.4% in the 4th quarter. Paradice Investment Management LLC now owns 1,962,168 shares of the company’s stock valued at $24,763,000 after purchasing an additional 583,850 shares during the last quarter. BlackRock Inc. raised its stake in GameStop by 3.9% in the 3rd quarter. BlackRock Inc. now owns 14,800,155 shares of the company’s stock valued at $225,998,000 after purchasing an additional 550,779 shares during the last quarter. Oregon Public Employees Retirement Fund acquired a new position in GameStop in the 4th quarter valued at $39,000. Finally, Northern Trust Corp raised its stake in GameStop by 46.6% in the 2nd quarter. Northern Trust Corp now owns 1,267,974 shares of the company’s stock valued at $18,475,000 after purchasing an additional 403,233 shares during the last quarter. Hedge funds and other institutional investors own 98.82% of the company’s stock.
GameStop Corp. operates as a multichannel video game, consumer electronics, and wireless services retailer. It operates in five segments: United States, Canada, Australia, Europe, and Technology Brands. 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; and digital products, such as downloadable content, network points cards, prepaid digital and prepaid subscription cards, and digitally downloadable software.
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