GameStop Corp. (NYSE:GME) gapped up before the market opened on Thursday . The stock had previously closed at $29.95, but opened at $30.15. GameStop Corp. shares last traded at $30.94, with a volume of 1,165,404 shares.

A number of equities research analysts recently commented on GME shares. Wedbush reaffirmed an “outperform” rating on shares of GameStop Corp. in a report on Wednesday, July 6th. Piper Jaffray Cos. reissued an “overweight” rating and issued a $41.00 price target on shares of GameStop Corp. in a report on Friday, June 17th. Zacks Investment Research raised GameStop Corp. from a “hold” rating to a “strong-buy” rating and set a $36.00 price target for the company in a report on Wednesday, July 27th. Telsey Advisory Group raised GameStop Corp. from a “market perform” rating to an “outperform” rating and set a $35.00 price target for the company in a report on Monday, June 27th. They noted that the move was a valuation call. Finally, Bank of America Corp. raised GameStop Corp. from a “neutral” rating to a “buy” rating and set a $35.00 price target for the company in a report on Monday, July 11th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $37.44.

The company has a market capitalization of $3.23 billion and a P/E ratio of 8.32. The stock’s 50 day moving average is $28.88 and its 200 day moving average is $29.30.

GameStop Corp. (NYSE:GME) last announced its earnings results on Thursday, May 26th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.05. During the same quarter in the previous year, the firm earned $0.68 earnings per share. The company had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.97 billion. The company’s revenue for the quarter was down 4.3% compared to the same quarter last year. On average, equities analysts anticipate that GameStop Corp. will post $4.01 earnings per share for the current year.

Other large investors have made changes to their positions in the company. American International Group Inc. raised its stake in shares of GameStop Corp. by 4.2% in the fourth quarter. American International Group Inc. now owns 7,698,245 shares of the company’s stock worth $215,859,000 after buying an additional 308,577 shares during the last quarter. Airain ltd raised its stake in shares of GameStop Corp. by 366.4% in the fourth quarter. Airain ltd now owns 80,971 shares of the company’s stock worth $2,270,000 after buying an additional 63,609 shares during the last quarter. KBC Group NV raised its stake in shares of GameStop Corp. by 34.5% in the fourth quarter. KBC Group NV now owns 54,566 shares of the company’s stock worth $1,530,000 after buying an additional 13,997 shares during the last quarter. Affinity Investment Advisors LLC acquired a new stake in shares of GameStop Corp. during the fourth quarter worth $10,140,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of GameStop Corp. by 3.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,429,183 shares of the company’s stock worth $96,159,000 after buying an additional 126,567 shares during the last quarter.

GameStop Corp. is an omnichannel video game retailer. The Company sells video game hardware, physical and digital video game software, video game accessories, as well as mobile and consumer electronics products and other merchandise through its GameStop, EB Games and Micromania stores. The Company operates its business in four Video Game Brands segments: United States, Canada, Australia and Europe, and Technology Brands segment.

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