Gamestop Corporation (GME) Given a $25.00 Price Target at Wedbush

Gamestop Corporation (NYSE:GME) has been assigned a $25.00 price objective by equities researchers at Wedbush in a research report issued on Thursday. The brokerage currently has a “buy” rating on the stock. Wedbush’s price target would suggest a potential upside of 56.25% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the stock. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Gamestop Corporation in a research report on Friday, August 25th. Loop Capital reaffirmed a “buy” rating and issued a $28.00 price target on shares of Gamestop Corporation in a research report on Wednesday, August 23rd. Robert W. Baird reaffirmed an “outperform” rating and issued a $24.00 price target on shares of Gamestop Corporation in a research report on Tuesday, August 29th. Zacks Investment Research cut shares of Gamestop Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Finally, ValuEngine cut shares of Gamestop Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $25.24.

Gamestop Corporation (NYSE:GME) traded down $0.19 during trading on Thursday, hitting $16.00. 3,821,400 shares of the stock were exchanged, compared to its average volume of 2,669,916. Gamestop Corporation has a 12-month low of $15.85 and a 12-month 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. The company has a market cap of $1,640.16, a P/E ratio of 4.44, a PEG ratio of 0.33 and a beta of 1.24.

Gamestop Corporation (NYSE:GME) last issued its quarterly earnings results on Thursday, August 24th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.01). The firm had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.64 billion. Gamestop Corporation had a net margin of 3.90% and a return on equity of 16.66%. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.27 earnings per share. sell-side analysts forecast that Gamestop Corporation will post 3.3 earnings per share for the current year.

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Several large investors have recently added to or reduced their stakes in the company. Cubic Asset Management LLC increased its stake in shares of Gamestop Corporation by 0.3% in the second quarter. Cubic Asset Management LLC now owns 39,465 shares of the company’s stock worth $853,000 after acquiring an additional 125 shares during the period. Fairbanks Capital Management Inc. purchased a new stake in Gamestop Corporation during the second quarter worth $3,494,000. State Treasurer State of Michigan boosted its holdings in Gamestop Corporation by 0.7% during the second quarter. State Treasurer State of Michigan now owns 41,700 shares of the company’s stock worth $901,000 after buying an additional 300 shares in the last quarter. Arizona State Retirement System boosted its holdings in Gamestop Corporation by 0.7% during the second quarter. Arizona State Retirement System now owns 42,700 shares of the company’s stock worth $923,000 after buying an additional 300 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC boosted its holdings in Gamestop Corporation by 2.2% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 17,947 shares of the company’s stock worth $477,000 after buying an additional 391 shares in the last quarter.

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.

Analyst Recommendations for Gamestop Corporation (NYSE:GME)

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