GameStop Corp. (NYSE:GME)’s share price traded down 6.3% during trading on Monday . The stock traded as low as $5.54 and last traded at $5.61, 6,282,673 shares traded hands during mid-day trading. An increase of 15% from the average session volume of 5,479,021 shares. The stock had previously closed at $5.99.
Several equities analysts have commented on GME shares. Telsey Advisory Group increased their target price on GameStop from $5.00 to $6.00 and gave the company a “market perform” rating in a research report on Monday, November 4th. Loop Capital set a $4.00 price target on GameStop and gave the stock a “hold” rating in a report on Thursday, September 12th. Credit Suisse Group dropped their price objective on shares of GameStop from $6.00 to $5.00 and set an “underperform” rating for the company in a report on Wednesday, December 11th. Robert W. Baird dropped their price objective on shares of GameStop from $6.00 to $5.00 and set a “neutral” rating for the company in a report on Wednesday, December 11th. Finally, Wedbush dropped their price objective on shares of GameStop from $9.00 to $8.00 and set an “outperform” rating for the company in a report on Wednesday, September 11th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $6.15.
The business has a 50-day simple moving average of $5.98 and a 200 day simple moving average of $5.12. The stock has a market cap of $358.61 million, a P/E ratio of 2.54 and a beta of 0.50. The company has a current ratio of 1.18, a quick ratio of 0.37 and a debt-to-equity ratio of 1.52.
GameStop (NYSE:GME) last issued its quarterly earnings results on Tuesday, December 10th. The company reported ($0.49) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.55). The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.62 billion. GameStop had a negative net margin of 9.27% and a positive return on equity of 8.27%. The company’s quarterly revenue was down 25.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.36 EPS. As a group, equities analysts expect that GameStop Corp. will post 0.14 earnings per share for the current year.
In other news, Director Lizabeth Dunn bought 5,000 shares of the firm’s stock in a transaction on Friday, September 27th. The stock was acquired at an average price of $5.38 per share, with a total value of $26,900.00. Following the transaction, the director now owns 32,969 shares of the company’s stock, valued at approximately $177,373.22. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 2.40% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. Parallel Advisors LLC lifted its stake in shares of GameStop by 118.6% in the 3rd quarter. Parallel Advisors LLC now owns 4,459 shares of the company’s stock valued at $25,000 after purchasing an additional 2,419 shares during the period. FNY Investment Advisers LLC lifted its stake in GameStop by 134.3% in the third quarter. FNY Investment Advisers LLC now owns 5,622 shares of the company’s stock valued at $31,000 after buying an additional 3,222 shares during the period. Golden State Wealth Management LLC acquired a new position in GameStop in the third quarter valued at approximately $47,000. Bank of Montreal Can boosted its holdings in shares of GameStop by 274.9% during the 2nd quarter. Bank of Montreal Can now owns 9,605 shares of the company’s stock worth $52,000 after buying an additional 7,043 shares in the last quarter. Finally, Edge Wealth Management LLC bought a new position in shares of GameStop during the 3rd quarter worth approximately $55,000. Institutional investors and hedge funds own 99.05% of the company’s stock.
About GameStop (NYSE:GME)
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.