Were Analysts Bullish GameStop Corp. (NYSE:GME) This Week?

April 17, 2018 - By Stephen Andrade

GameStop Corp. (NYSE:GME) LogoInvestors sentiment increased to 1.46 in Q4 2017. Its up 0.39, from 1.07 in 2017Q3. It improved, as 37 investors sold GameStop Corp. shares while 70 reduced holdings. 56 funds opened positions while 100 raised stakes. 108.87 million shares or 8.64% more from 100.21 million shares in 2017Q3 were reported.
Smith Salley And Assoc stated it has 85,432 shares or 0.27% of all its holdings. Dalton Greiner Hartman Maher & has 787,554 shares. Cohen Steers accumulated 207,602 shares or 0.01% of the stock. Commonwealth Of Pennsylvania Pub School Empls Retrmt, Pennsylvania-based fund reported 14,797 shares. Prudential Fincl Incorporated owns 1.74M shares. The Florida-based Transamerica Financial Advisors has invested 0% in GameStop Corp. (NYSE:GME). Wellington Mgmt Group Limited Liability Partnership has invested 0% of its portfolio in GameStop Corp. (NYSE:GME). Profund Advsrs Ltd Liability owns 12,312 shares or 0.01% of their US portfolio. First Manhattan Company has 500 shares. Ahl Prtn Llp, United Kingdom-based fund reported 262,189 shares. Pnc Financial Service Grp reported 6,669 shares. California State Teachers Retirement Systems has invested 0.01% in GameStop Corp. (NYSE:GME). Moreover, Asset Management One Communication has 0% invested in GameStop Corp. (NYSE:GME). Gam Hldgs Ag invested 0.01% of its portfolio in GameStop Corp. (NYSE:GME). 395,381 are held by Barclays Public Ltd Co.

GameStop Corp. (NYSE:GME) Ratings Coverage

Among 6 analysts covering GameStop (NYSE:GME), 2 have Buy rating, 2 Sell and 2 Hold. Therefore 33% are positive. GameStop had 8 analyst reports since November 16, 2017 according to SRatingsIntel. The rating was maintained by Benchmark on Thursday, March 29 with “Sell”. The company was maintained on Wednesday, January 10 by Robert W. Baird. The firm has “Hold” rating by Loop Capital given on Tuesday, April 3. The firm has “Underperform” rating given on Thursday, March 29 by Bank of America. The rating was maintained by Benchmark with “Sell” on Wednesday, November 22. As per Wednesday, November 22, the company rating was maintained by Credit Suisse. Below is a list of GameStop Corp. (NYSE:GME) latest ratings and price target changes.

03/04/2018 Broker: Loop Capital Old Rating: Buy New Rating: Hold Old Target: $32 Downgrade
29/03/2018 Broker: Benchmark Rating: Sell New Target: $12.0000 Maintain
29/03/2018 Broker: Bank of America Old Rating: Neutral New Rating: Underperform Downgrade
10/01/2018 Broker: Robert W. Baird Rating: Buy New Target: $23.0 Maintain
22/11/2017 Broker: Bank of America Rating: Hold New Target: $23.0
22/11/2017 Broker: Benchmark Rating: Sell Old Target: $18.00 New Target: $15.00 Maintain
22/11/2017 Broker: Credit Suisse Rating: Hold New Target: $20.0 Maintain
16/11/2017 Broker: Wedbush Rating: Buy New Target: $25.0

The stock increased 1.47% or $0.2 during the last trading session, reaching $13.81. About 3.23M shares traded. GameStop Corp. (NYSE:GME) has declined 33.43% since April 17, 2017 and is downtrending. It has underperformed by 44.98% the S&P500.

GameStop Corp. operates as an omnichannel video game retailer. The company has market cap of $1.40 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 40.62 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.

GameStop Corp. (NYSE:GME) Institutional Positions Chart

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