GameStop (NYSE:GME) has been given a $26.00 price objective by equities research analysts at Loop Capital in a note issued to investors on Friday. The brokerage currently has a “buy” rating on the stock. Loop Capital’s price target would suggest a potential upside of 46.40% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. Zacks Investment Research downgraded GameStop from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Bank of America reaffirmed a “hold” rating and set a $23.00 price target on shares of GameStop in a research note on Wednesday, November 22nd. Oppenheimer reaffirmed a “hold” rating on shares of GameStop in a research note on Wednesday, November 22nd. SunTrust Banks reaffirmed a “buy” rating and set a $25.00 price target on shares of GameStop in a research note on Tuesday, October 17th. Finally, ValuEngine raised GameStop from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $22.42.

Shares of GameStop (GME) opened at $17.76 on Friday. GameStop has a one year low of $15.85 and a one year high of $26.68. 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 $1,800.00, a PE ratio of 5.19, a PEG ratio of 0.40 and a beta of 1.26.

GameStop (NYSE:GME) last posted its quarterly earnings results on Tuesday, November 21st. The company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.11. GameStop had a return on equity of 16.50% and a net margin of 3.98%. The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period last year, the business earned $0.49 EPS. The business’s quarterly revenue was up 1.5% on a year-over-year basis. equities research analysts anticipate that GameStop will post 3.32 earnings per share for the current fiscal year.

In other news, Director Stephanie M. Shern sold 4,000 shares of the stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $17.91, for a total transaction of $71,640.00. Following the transaction, the director now owns 13,474 shares of the company’s stock, valued at approximately $241,319.34. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.80% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of GME. Dimensional Fund Advisors LP increased its holdings in shares of GameStop by 38.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 8,501,615 shares of the company’s stock valued at $183,720,000 after acquiring an additional 2,353,774 shares during the last quarter. Numeric Investors LLC acquired a new position in shares of GameStop during the 2nd quarter valued at about $34,679,000. Balyasny Asset Management LLC increased its holdings in shares of GameStop by 1,459.9% during the 2nd quarter. Balyasny Asset Management LLC now owns 724,800 shares of the company’s stock valued at $15,663,000 after acquiring an additional 678,335 shares during the last quarter. OxFORD Asset Management LLP grew its holdings in GameStop by 3,009.1% in the 3rd 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 during the last quarter. Finally, Dalton Greiner Hartman Maher & Co. grew its holdings in GameStop by 72.5% in the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 787,554 shares of the company’s stock valued at $14,137,000 after buying an additional 331,130 shares during the last quarter.

ILLEGAL ACTIVITY WARNING: This piece of content was reported by American Banking News and is the property of of American Banking News. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/01/12/gamestop-gme-given-buy-rating-at-loop-capital.html.

About GameStop

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.

Analyst Recommendations for GameStop (NYSE:GME)

Receive News & Ratings for GameStop Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GameStop and related companies with MarketBeat.com's FREE daily email newsletter.