Needham & Company Gives Hold Rating to GameStop Corp (GME)

By admin | 6 years ago

GameStop Corp (NYSE: GME)‘s stock had its “hold” rating reaffirmed by research analysts at Needham & Company in a report released on Monday.

GameStop Corp opened at 18.98 on Monday. GameStop Corp has a 1-year low of $18.13 and a 1-year high of $28.66. The company has a market cap of $2.505 billion and a price-to-earnings ratio of 7.93.

GameStop Corp last issued its quarterly earnings data on Thursday, May 17th. The company reported $0.54 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.54. The company’s quarterly revenue was down 12.2% on a year-over-year basis. On average, analysts predict that GameStop Corp will post $0.42 earnings per share next quarter.

A number of other analysts have also recently weighed in on GME. Analysts at Goldman Sachs (NYSE: GS) reiterated a “neutral” rating on shares of GameStop Corp in a research note to investors on Friday. Separately, analysts at Caris & Company downgraded shares of GameStop Corp from a “buy” rating to an “average” rating in a research note to investors on Friday. They now have a $20.00 price target on the stock, down previously from $34.00. Finally, analysts at Ascendiant Capital Markets cut their price target on shares of GameStop Corp from $30.00 to $25.00 in a research note to investors on Friday. They now have a “buy” rating on the stock.

GameStop Corp. (GameStop) is a retailer of video game products and personal computer (PC) entertainment software.

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