Q3 2017 Sentiment Gamestop Corp (NYSE:GME)

January 14, 2018 - By Marguerite Chambers

  Q3 2017 Sentiment Gamestop Corp (NYSE:GME)

Sentiment for Gamestop Corp (NYSE:GME)

Gamestop Corp (NYSE:GME) institutional sentiment decreased to 1.07 in 2017 Q3. Its down -0.11, from 1.18 in 2017Q2. The ratio has dropped, as 128 funds increased and started new stock positions, while 120 sold and reduced their positions in Gamestop Corp. The funds in our partner’s database now possess: 100.21 million shares, down from 101.54 million shares in 2017Q2. Also, the number of funds holding Gamestop Corp in their top 10 stock positions was flat from 1 to 1 for the same number . Sold All: 37 Reduced: 83 Increased: 93 New Position: 35.

GameStop Corp. operates as an omnichannel video game retailer. The company has market cap of $1.80 billion. It sells new and pre-owned video game hardware; video game software; pre-owned and value video game products; video game accessories, such as controllers, gaming headsets, virtual reality products, memory cards, and other add-ons; and digital products, including downloadable content, network points cards, prepaid digital and subscription cards, and digitally downloadable software. It has a 5.18 P/E ratio. The firm also sells mobile and consumer electronics, including wireless services and products, and accessories, as well as new and pre-owned smart phones; personal computer entertainment software in various genres, including sports, action, strategy, adventure/role playing, and simulation; and strategy guides, magazines, and interactive game figures.

The stock decreased 11.02% or $2.2 during the last trading session, reaching $17.76. About 15.45M shares traded or 315.14% up from the average. GameStop Corp. (NYSE:GME) has declined 15.17% since January 14, 2017 and is downtrending. It has underperformed by 31.87% the S&P500.

Analysts await GameStop Corp. (NYSE:GME) to report earnings on March, 22. They expect $2.01 EPS, down 15.55 % or $0.37 from last year’s $2.38 per share. GME’s profit will be $203.60 million for 2.21 P/E if the $2.01 EPS becomes a reality. After $0.54 actual EPS reported by GameStop Corp. for the previous quarter, Wall Street now forecasts 272.22 % EPS growth.

Permit Capital Llc holds 7.06% of its portfolio in GameStop Corp. for 578,000 shares. Towle & Co owns 1.49 million shares or 3.28% of their US portfolio. Moreover, Stuyvesant Capital Management has 2.48% invested in the company for 58,950 shares. The Ontario – Canada-based Sprott Inc. has invested 2.36% in the stock. S&T Bank Pa, a Pennsylvania-based fund reported 550,720 shares.#img1#

GameStop Corp. (NYSE:GME) Ratings Coverage

Ratings analysis reveals 55% of GameStop Corp.’s analysts are positive. Out of 20 Wall Street analysts rating GameStop Corp., 11 give it “Buy”, 1 “Sell” rating, while 8 recommend “Hold”. The lowest target is $15 while the high is $60. The stock’s average target of $30.78 is 73.31% above today’s ($17.76) share price. GME was included in 74 notes of analysts from August 6, 2015. The stock of GameStop Corp. (NYSE:GME) has “Neutral” rating given on Wednesday, November 2 by Piper Jaffray. As per Friday, May 27, the company rating was maintained by Benchmark. The firm has “Market Perform” rating by Telsey Advisory Group given on Friday, August 28. The firm earned “Market Perform” rating on Wednesday, January 13 by Telsey Advisory Group. Pacific Crest maintained GameStop Corp. (NYSE:GME) on Monday, August 31 with “Overweight” rating. The company was downgraded on Friday, November 13 by Pacific Crest. On Friday, August 14 the stock rating was maintained by SunTrust with “Buy”. As per Monday, March 28, the company rating was maintained by Benchmark. The firm has “Buy” rating given on Friday, May 26 by Robert W. Baird. The stock has “Buy” rating by Robert W. Baird on Wednesday, August 23.

More notable recent GameStop Corp. (NYSE:GME) news were published by: Seekingalpha.com which released: “GameStop Is Worth $26 Per Share (Video)” on December 29, 2017, also Seekingalpha.com with their article: “Tempted To Add GameStop” published on December 22, 2017, Seekingalpha.com published: “GameStop: Potential Upside In 2018” on December 25, 2017. More interesting news about GameStop Corp. (NYSE:GME) were released by: Marketwatch.com and their article: “GameStop’s stock drops after revealing large charge related iPhone X-related woes” published on January 12, 2018 as well as Seekingalpha.com‘s news article titled: “Has The GameStop Bear Finally Won By Killing Technology Brands?” with publication date: January 13, 2018.

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