Gamestop (NYSE:GME) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Friday.
A number of other research firms also recently weighed in on GME. Oppenheimer reiterated a “hold” rating on shares of Gamestop in a research report on Wednesday, November 22nd. Loop Capital restated a “buy” rating and set a $28.00 price objective on shares of Gamestop in a research report on Wednesday, November 22nd. Benchmark restated a “sell” rating and set a $15.00 price objective (down from $18.00) on shares of Gamestop in a research report on Wednesday, November 22nd. Bank of America restated a “hold” rating and set a $23.00 price objective on shares of Gamestop in a research report on Wednesday, November 22nd. Finally, Robert W. Baird restated a “buy” rating and set a $23.00 price objective on shares of Gamestop in a research report on Wednesday, November 22nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $23.47.
Shares of Gamestop (NYSE GME) traded up $0.02 during mid-day trading on Friday, reaching $18.77. 3,831,903 shares of the company’s stock traded hands, compared to its average volume of 5,077,835. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.20 and a quick ratio of 0.38. The firm has a market capitalization of $1,901.53, a P/E ratio of 5.07, a PEG ratio of 0.38 and a beta of 1.27. Gamestop has a 1 year low of $15.85 and a 1 year high of $26.84.
In related news, Director Stephanie M. Shern sold 4,000 shares of the business’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $17.91, for a total value of $71,640.00. Following the sale, the director now owns 13,474 shares of the company’s stock, valued at $241,319.34. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 2.80% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. acquired a new position in shares of Gamestop during the third quarter valued at about $112,000. BlueMountain Capital Management LLC acquired a new position in shares of Gamestop during the second quarter valued at about $162,000. LS Investment Advisors LLC raised its holdings in shares of Gamestop by 17.3% during the second quarter. LS Investment Advisors LLC now owns 8,236 shares of the company’s stock valued at $178,000 after purchasing an additional 1,213 shares during the period. JBF Capital Inc. raised its holdings in shares of Gamestop by 119.8% during the second quarter. JBF Capital Inc. now owns 9,120 shares of the company’s stock valued at $197,000 after purchasing an additional 4,971 shares during the period. Finally, National Planning Corp acquired a new position in shares of Gamestop during the second quarter valued at about $204,000.
COPYRIGHT VIOLATION WARNING: This report was originally published by American Banking News and is the property of of American Banking News. If you are accessing this report on another website, it was copied illegally and republished in violation of U.S. and international copyright and trademark law. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/12/03/gamestop-gme-upgraded-to-buy-at-valuengine.html.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Gamestop Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gamestop Corporation and related companies with MarketBeat.com's FREE daily email newsletter.