GameStop Corp. (NYSE:GME)’s share price 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 traded.

A number of equities analysts recently weighed in on GME shares. Robert W. Baird restated an “outperform” rating and set a $46.00 price target on shares of GameStop Corp. in a research report on Monday, April 18th. Telsey Advisory Group boosted their price target on shares of GameStop Corp. from $32.00 to $34.00 and gave the stock a “market perform” rating in a research report on Friday, April 15th. Vetr lowered shares of GameStop Corp. from a “strong-buy” rating to a “buy” rating and set a $33.04 price target on the stock. in a research report on Monday, May 9th. Zacks Investment Research upgraded shares of GameStop Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, April 19th. Finally, Sterne Agee CRT reiterated a “neutral” rating on shares of GameStop Corp. in a report on Friday, May 27th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $37.44.

The stock has a market cap of $3.26 billion and a P/E ratio of 8.38. The company’s 50 day moving average price is $29.03 and its 200 day moving average price is $29.35.

GameStop Corp. (NYSE:GME) last released its quarterly earnings results on Thursday, May 26th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.05. The firm had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.97 billion. GameStop Corp.’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.68 earnings per share. On average, analysts anticipate that GameStop Corp. will post $4.00 earnings per share for the current year.

Other large investors recently added to or reduced their stakes in the company. American International Group Inc. boosted its stake in GameStop Corp. by 4.2% in the fourth quarter. American International Group Inc. now owns 7,698,245 shares of the company’s stock valued at $215,859,000 after buying an additional 308,577 shares in the last quarter. Airain ltd boosted its stake in GameStop Corp. by 366.4% in the fourth quarter. Airain ltd now owns 80,971 shares of the company’s stock valued at $2,270,000 after buying an additional 63,609 shares in the last quarter. KBC Group NV boosted its stake in GameStop Corp. by 34.5% in the fourth quarter. KBC Group NV now owns 54,566 shares of the company’s stock valued at $1,530,000 after buying an additional 13,997 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in GameStop Corp. by 3.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,429,183 shares of the company’s stock valued at $96,159,000 after buying an additional 126,567 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in GameStop Corp. by 8.5% in the fourth quarter. BNP Paribas Arbitrage SA now owns 341,852 shares of the company’s stock valued at $9,586,000 after buying an additional 26,880 shares in 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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