Vetr Inc. Lowers Gamestop Corporation (GME) to Hold
Vetr cut shares of Gamestop Corporation (NYSE:GME) from a strong-buy rating to a hold rating in a report published on Friday. They currently have $16.58 target price on the stock.
Several other equities analysts have also weighed in on the stock. Wedbush set a $25.00 target price on shares of Gamestop Corporation and gave the company a buy rating in a report on Thursday. Zacks Investment Research lowered shares of Gamestop Corporation from a hold rating to a sell rating in a report on Monday, November 13th. SunTrust Banks, Inc. reiterated a buy rating and issued a $25.00 target price on shares of Gamestop Corporation in a report on Tuesday, October 17th. ValuEngine upgraded shares of Gamestop Corporation from a hold rating to a buy rating in a report on Monday, October 2nd. Finally, Robert W. Baird reiterated a buy rating and issued a $24.00 target price on shares of Gamestop Corporation in a report on Tuesday, September 26th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company’s stock. Gamestop Corporation has a consensus rating of Hold and a consensus price target of $24.04.
Gamestop Corporation (NYSE:GME) opened at $16.31 on Friday. The firm has a market cap of $1,650.00, a PE ratio of 4.47, a P/E/G ratio of 0.33 and a beta of 1.24. Gamestop Corporation has a 52-week low of $15.85 and a 52-week high of $26.84. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.49 and a current ratio of 1.34.
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Institutional investors and hedge funds have recently made changes to their positions in the stock. Fairbanks Capital Management Inc. purchased a new stake in Gamestop Corporation during the 2nd quarter worth approximately $3,494,000. Macquarie Group Ltd. purchased a new stake in Gamestop Corporation during the 3rd quarter worth approximately $112,000. BlueMountain Capital Management LLC purchased a new stake in Gamestop Corporation during the 2nd quarter worth approximately $162,000. LS Investment Advisors LLC increased its stake in Gamestop Corporation by 17.3% during the 2nd quarter. LS Investment Advisors LLC now owns 8,236 shares of the company’s stock worth $178,000 after buying an additional 1,213 shares during the period. Finally, JBF Capital Inc. increased its stake in Gamestop Corporation by 119.8% during the 2nd quarter. JBF Capital Inc. now owns 9,120 shares of the company’s stock worth $197,000 after buying an additional 4,971 shares during the period.
About Gamestop Corporation
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 Vetr’s full report, visit Vetr’s official website.
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