Gamestop Corp’s (NYSE:GME) Sentiment is 1.07

January 14, 2018 - By Hazel Jackson

 Gamestop Corp's (NYSE:GME) Sentiment is 1.07

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 worsened, as 128 active investment managers increased or opened new positions, while 120 reduced and sold their positions in Gamestop Corp. The active investment managers in our partner’s database now have: 100.21 million shares, down from 101.54 million shares in 2017Q2. Also, the number of active investment managers holding Gamestop Corp in their top 10 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 15.45 million 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 earnings per share, 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 earnings per share 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. Piper Jaffray maintained it with “Overweight” rating and $56 target in Wednesday, August 12 report. The stock of GameStop Corp. (NYSE:GME) has “Buy” rating given on Monday, October 16 by SunTrust. The rating was maintained by Wedbush with “Outperform” on Friday, March 24. As per Wednesday, November 22, the company rating was maintained by Credit Suisse. The firm has “Buy” rating given on Wednesday, August 23 by Robert W. Baird. The firm has “Neutral” rating by Bank of America given on Tuesday, November 24. SunTrust maintained the stock with “Buy” rating in Thursday, December 10 report. The rating was downgraded by Pacific Crest to “Sector Weight” on Friday, November 13. On Friday, August 26 the stock rating was maintained by Robert W. Baird with “Outperform”. The firm has “Hold” rating by Zacks given on Monday, August 17.

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

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