Wedbush set a $9.00 target price on GameStop (NYSE:GME) in a research note released on Thursday morning, Stock Target Advisor reports. The brokerage currently has a buy rating on the stock.
Several other equities research analysts have also issued reports on the stock. Jefferies Financial Group set a $12.00 price target on shares of GameStop and gave the company a hold rating in a report on Friday, March 22nd. Credit Suisse Group lowered their target price on shares of HollyFrontier from $63.00 to $61.00 and set a neutral rating on the stock in a report on Wednesday, April 3rd. Loop Capital assumed coverage on shares of TENCENT HOLDING/ADR in a report on Monday, June 3rd. They issued a buy rating on the stock. Ascendiant Capital Markets lowered shares of GameStop from a buy rating to a hold rating and set a $4.00 target price on the stock. in a report on Wednesday, June 5th. Finally, Bank of America set a $4.00 target price on shares of GameStop and gave the stock a sell rating in a report on Wednesday, June 5th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $9.20.
Shares of GameStop stock opened at $4.91 on Thursday. The company has a market cap of $502.14 million, a price-to-earnings ratio of 2.19 and a beta of 0.37. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.48 and a quick ratio of 0.59. The firm has a fifty day simple moving average of $5.94. GameStop has a 52-week low of $4.71 and a 52-week high of $17.27.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Handelsbanken Fonder AB bought a new stake in shares of GameStop in the 2nd quarter worth about $65,000. First Trust Advisors LP lifted its position in GameStop by 36.2% during the 1st quarter. First Trust Advisors LP now owns 1,034,930 shares of the company’s stock worth $10,515,000 after buying an additional 275,095 shares in the last quarter. FMR LLC lifted its position in GameStop by 0.6% during the 1st quarter. FMR LLC now owns 15,295,131 shares of the company’s stock worth $155,398,000 after buying an additional 93,245 shares in the last quarter. Muhlenkamp & Co. Inc. acquired a new position in GameStop during the 1st quarter worth about $2,367,000. Finally, GMT Capital Corp acquired a new position in GameStop during the 1st quarter worth about $959,000. 98.68% of the stock is currently owned by institutional investors and hedge funds.
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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