Investors Buy Large Volume of GameStop Corp. Put Options (GME)
GameStop Corp. (NYSE:GME) was the target of unusually large options trading on Tuesday. Stock investors bought 20,247 put options on the stock, StockRatingsNetwork reports. This represents an increase of approximately 504% compared to the average daily volume of 3,354 put options.
A number of analysts have recently weighed in on GME shares. Analysts at Janney Montgomery Scott reiterated a “buy” rating on shares of GameStop Corp. in a research note to investors on Tuesday. Separately, analysts at Stifel Nicolaus downgraded shares of GameStop Corp. from a “buy” rating to a “hold” rating in a research note to investors on Tuesday. Finally, analysts at Benchmark Co. initiated coverage on shares of GameStop Corp. in a research note to investors on Thursday, December 19th. They set a “hold” rating and a $38.55 price target on the stock. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $53.87.
GameStop Corp. (NYSE:GME) traded down 8.37% during mid-day trading on Tuesday, hitting $44.14. 15,057,584 shares of the company’s stock traded hands. GameStop Corp. has a 52-week low of $22.30 and a 52-week high of $57.74. The stock has a 50-day moving average of $48.59 and a 200-day moving average of $49.14. The company has a market cap of $5.112 billion and a price-to-earnings ratio of 14.55.
GameStop Corp. (NYSE:GME) last issued its quarterly earnings data on Thursday, November 21st. The company reported $0.58 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.56 by $0.02. The company had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the previous year, the company posted $0.38 earnings per share. The company’s revenue for the quarter was up 18.8% on a year-over-year basis. On average, analysts predict that GameStop Corp. will post $3.25 earnings per share for the current fiscal year.
GameStop Corp. (NYSE:GME) is a holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.