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Shares of GameStop Corp. (NYSE:GME) was the recipient of unusually large options trading activity on Tuesday. Investors purchased 14,567 put options on the company, Analyst Ratings Net reports. This represents an increase of approximately 149% compared to the average volume of 5,850 put options.

A number of analysts have recently weighed in on GME shares. Analysts at Bank of America Corp. downgraded shares of GameStop Corp. to a “neutral” rating in a research note to investors on Tuesday. Separately, analysts at Janney Montgomery Scott reiterated a “buy” rating on shares of GameStop Corp. in a research note to investors on Tuesday, January 7th. They now have a $63.00 price target on the stock. Finally, 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, January 7th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. GameStop Corp. has a consensus rating of “Buy” and a consensus target price of $54.12.

GameStop Corp. (NYSE:GME) opened at 36.31 on Wednesday. GameStop Corp. has a 52 week low of $22.57 and a 52 week high of $57.74. The stock has a 50-day moving average of $47.17 and a 200-day moving average of $49.27. The company has a market cap of $4.205 billion and a price-to-earnings ratio of 13.69.

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 last year, the company posted $0.38 earnings per share. GameStop Corp.’s revenue was up 18.8% compared to the same quarter last year. Analysts expect that GameStop Corp. will post $3.25 EPS for the current fiscal year.

GameStop Corp. (NYSE:GME) is a holding company.

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