GameStop (GME) Receives Daily News Sentiment Rating of 0.08
News coverage about GameStop (NYSE:GME) has trended somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. GameStop earned a news sentiment score of 0.08 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.1505329278015 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- GameStop Names Michael K. Mauler as its New Chief Executive … – GlobeNewswire (press release) (globenewswire.com)
- GameStop: A Realistic Perspective – Seeking Alpha (seekingalpha.com)
- BRIEF-Gamestop Names Michael K. Mauler As Its New CEO (reuters.com)
- GameStop Appoints Michael Mauler CEO, Effective Immediately (nasdaq.com)
- GameStop Names Michael K. Mauler as its New Chief Executive Officer (finance.yahoo.com)
A number of analysts have issued reports on the company. Zacks Investment Research lowered GameStop from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Loop Capital restated a “buy” rating and issued a $28.00 price target on shares of GameStop in a research note on Wednesday, November 22nd. Bank of America restated a “hold” rating and issued a $23.00 price target on shares of GameStop in a research note on Wednesday, November 22nd. ValuEngine downgraded shares of GameStop from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, SunTrust Banks restated a “buy” rating and issued a $25.00 price target on shares of GameStop in a research note on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $22.42.
GameStop (NYSE:GME) last released its quarterly earnings data on Tuesday, November 21st. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.11. GameStop had a net margin of 3.98% and a return on equity of 16.50%. The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the prior year, the firm posted $0.49 earnings per share. GameStop’s revenue for the quarter was up 1.5% on a year-over-year basis. sell-side analysts anticipate that GameStop will post 3.23 earnings per share for the current year.
In other GameStop news, Director Stephanie M. Shern sold 4,000 shares of the company’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $17.91, for a total value of $71,640.00. Following the completion of the transaction, the director now owns 13,474 shares in the company, valued at $241,319.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.80% of the company’s stock.
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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. It operates its business in five segments, which consists of four Video Game Brands segments: United States, Canada, Australia and Europe, and Technology Brands segment.
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