GameStop (NYSE:GME) Stock Price Down 4.8%

Shares of GameStop Corp. (NYSE:GME) fell 4.8% on Thursday . The stock traded as low as $167.30 and last traded at $169.50. 312,586 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 43,140,121 shares. The stock had previously closed at $177.97.

Several research firms recently weighed in on GME. Credit Suisse Group restated a “sell” rating on shares of GameStop in a report on Thursday, April 1st. Standpoint Research downgraded GameStop from a “buy” rating to a “hold” rating in a report on Wednesday, January 13th. Benchmark cut their target price on GameStop from $6.00 to $5.00 and set a “sell” rating on the stock in a research note on Wednesday, December 9th. Telsey Advisory Group cut their target price on GameStop from $33.00 to $30.00 and set an “underperform” rating on the stock in a research note on Tuesday, March 30th. Finally, Zacks Investment Research lowered GameStop from a “buy” rating to a “hold” rating and set a $203.00 target price on the stock. in a research note on Friday, March 26th. Four research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $37.06.

The company has a quick ratio of 0.50, a current ratio of 1.05 and a debt-to-equity ratio of 0.65. The firm has a market cap of $11.79 billion, a PE ratio of -41.30 and a beta of 1.40. The stock has a 50 day moving average price of $157.79 and a two-hundred day moving average price of $64.28.

GameStop (NYSE:GME) last released its earnings results on Monday, March 22nd. The company reported $1.34 EPS for the quarter, missing the Zacks’ consensus estimate of $1.35 by ($0.01). GameStop had a negative return on equity of 33.58% and a negative net margin of 5.32%. The firm had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.23 billion. During the same period last year, the firm earned $1.27 EPS. The company’s revenue for the quarter was down 3.3% compared to the same quarter last year. As a group, equities analysts anticipate that GameStop Corp. will post -2.07 earnings per share for the current year.

In other GameStop news, Director Raul J. Fernandez sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, January 15th. The stock was sold at an average price of $37.71, for a total value of $131,985.00. Following the completion of the transaction, the director now directly owns 31,789 shares of the company’s stock, valued at $1,198,763.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.40% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. KBC Group NV acquired a new position in shares of GameStop during the 4th quarter worth approximately $33,000. CWM LLC increased its position in shares of GameStop by 17.6% during the fourth quarter. CWM LLC now owns 2,251 shares of the company’s stock worth $42,000 after purchasing an additional 337 shares in the last quarter. Vantage Consulting Group Inc purchased a new stake in shares of GameStop during the fourth quarter worth approximately $47,000. International Assets Investment Management LLC purchased a new stake in shares of GameStop during the fourth quarter worth approximately $61,000. Finally, Everence Capital Management Inc. purchased a new stake in shares of GameStop during the first quarter worth approximately $1,625,000.

GameStop Company Profile (NYSE:GME)

GameStop Corp. operates as a multichannel video game, consumer electronics, and collectibles retailer in the United States, Canada, Australia, and Europe. The company sells new and pre-owned video game platforms; accessories, including controllers, gaming headsets, virtual reality products, and memory cards; new and pre-owned video game software; and in-game digital currency, digital downloadable content, and full-game downloads, as well as network points cards, and prepaid digital and prepaid subscription cards.

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