Insider Selling: GameStop Corp. Director Sells 1,950 Shares of Stock (GME)
GameStop Corp. (NYSE:GME) Director Stephanie Shern sold 1,950 shares of the company’s stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $51.25, for a total value of $99,937.50. Following the completion of the sale, the director now directly owns 13,574 shares in the company, valued at approximately $695,668. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on GME. Analysts at Bank of America Corp. reiterated a “buy” rating on shares of GameStop Corp. (NYSE:GME) in a research note to investors on Friday, August 30th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of GameStop Corp. (NYSE:GME) in a research note to investors on Tuesday, August 27th. They now have a $55.00 price target on the stock. Finally, analysts at Janney Montgomery Scott raised their price target on shares of GameStop Corp. (NYSE:GME) from $50.00 to $65.00 in a research note to investors on Friday, August 23rd. They now have a “buy” rating on the stock.
Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have given a buy rating to the company. GameStop Corp. has an average rating of “Buy” and a consensus price target of $50.08.
Shares of GameStop Corp. (NYSE:GME) traded up 2.49% during mid-day trading on Tuesday, hitting $51.05. 1,924,417 shares of the company’s stock traded hands. GameStop Corp. has a one year low of $20.50 and a one year high of $56.08. The stock has a 50-day moving average of $49.91 and a 200-day moving average of $39.74. The company’s market cap is $5.968 billion.
GameStop Corp. (NYSE:GME) last posted its quarterly earnings results on Thursday, August 22nd. The company reported $0.09 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.04 by $0.05. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter last year, the company posted $0.16 earnings per share. GameStop Corp.’s revenue was down 10.7% compared to the same quarter last year. On average, analysts predict that GameStop Corp. will post $3.20 earnings per share for the current fiscal year.
GameStop Corp. (NYSE:GME) is a holding company.
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