Gamestop Corp (NYSE:GME) 2017 Q3 Sentiment

January 14, 2018 - By Maria Brooks

 Gamestop Corp (NYSE:GME)  2017 Q3 Sentiment

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 institutional investors increased or started new equity positions, while 120 decreased and sold equity positions in Gamestop Corp. The institutional investors in our partner’s database now possess: 100.21 million shares, down from 101.54 million shares in 2017Q2. Also, the number of institutional investors holding Gamestop Corp in their top 10 equity 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 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. On Friday, August 28 the stock rating was maintained by Telsey Advisory Group with “Market Perform”. Standpoint Research upgraded it to “Buy” rating and $34 target in Thursday, December 29 report. Wedbush maintained it with “Outperform” rating and $38.0 target in Wednesday, January 13 report. The firm earned “Market Perform” rating on Monday, March 13 by Telsey Advisory Group. As per Friday, August 14, the company rating was maintained by SunTrust. The firm has “Buy” rating given on Tuesday, August 22 by Loop Capital Markets. The stock of GameStop Corp. (NYSE:GME) earned “Outperform” rating by Macquarie Research on Friday, July 1. The rating was maintained by Telsey Advisory Group with “Market Perform” on Tuesday, November 24. Credit Suisse maintained the stock with “Hold” rating in Wednesday, November 22 report. The firm has “Buy” rating by Robert W. Baird given on Tuesday, September 26.

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: “Has The GameStop Bear Finally Won By Killing Technology Brands?” published on January 13, 2018, Seekingalpha.com published: “Tempted To Add GameStop” on December 22, 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: “GameStop falls sharply after update” with publication date: January 12, 2018.

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