Gamestop (NYSE:GME) has been assigned a $28.00 price target by research analysts at Loop Capital in a research report issued on Thursday. The brokerage presently has a “buy” rating on the stock. Loop Capital’s price target points to a potential upside of 43.44% from the company’s current price.
GME has been the subject of several other reports. ValuEngine lowered Gamestop from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Credit Suisse Group set a $20.00 price target on Gamestop and gave the stock a “hold” rating in a research report on Saturday, November 25th. Zacks Investment Research upgraded Gamestop from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a research report on Wednesday, October 25th. Wedbush set a $25.00 price target on Gamestop and gave the stock a “buy” rating in a research report on Thursday, November 16th. Finally, Vetr lowered Gamestop from a “strong-buy” rating to a “hold” rating and set a $16.58 price target for the company. in a research report on Friday, November 17th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $23.47.
Gamestop (GME) traded up $0.50 during mid-day trading on Thursday, reaching $19.52. The company’s stock had a trading volume of 6,476,800 shares, compared to its average volume of 2,852,496. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.38 and a current ratio of 1.20. The firm has a market capitalization of $1,926.86, a PE ratio of 5.14, a price-to-earnings-growth ratio of 0.38 and a beta of 1.24. Gamestop has a one year low of $15.85 and a one year high of $26.84.
In related news, Director Stephanie M. Shern sold 4,000 shares of Gamestop stock in a transaction on Monday, November 27th. The stock was sold at an average price of $17.91, for a total value of $71,640.00. Following the completion of the transaction, the director now directly owns 13,474 shares in the company, valued at $241,319.34. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.80% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in GME. Dimensional Fund Advisors LP boosted its holdings in Gamestop by 38.3% in the second quarter. Dimensional Fund Advisors LP now owns 8,501,615 shares of the company’s stock valued at $183,720,000 after purchasing an additional 2,353,774 shares during the period. Numeric Investors LLC acquired a new stake in Gamestop in the second quarter valued at $34,679,000. Balyasny Asset Management LLC raised its stake in Gamestop by 1,459.9% in the second quarter. Balyasny Asset Management LLC now owns 724,800 shares of the company’s stock valued at $15,663,000 after buying an additional 678,335 shares in the last quarter. OxFORD Asset Management LLP raised its stake in Gamestop by 3,009.1% in the third quarter. OxFORD Asset Management LLP now owns 403,092 shares of the company’s stock valued at $8,318,000 after buying an additional 390,127 shares in the last quarter. Finally, Towle & Co. raised its stake in Gamestop by 26.2% in the third quarter. Towle & Co. now owns 1,491,360 shares of the company’s stock valued at $30,811,000 after buying an additional 309,790 shares in the last quarter.
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Gamestop Company Profile
GameStop Corp. is an omnichannel video game retailer. The Company sells video game hardware, physical and digital video game software, video game accessories, as well as mobile and consumer electronics products and other merchandise through its GameStop, EB Games and Micromania stores. It operates its business in five segments, which consists of four Video Game Brands segments: United States, Canada, Australia and Europe, and Technology Brands segment.
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