GameStop (NYSE:GME) was upgraded by stock analysts at Telsey Advisory Group from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Monday, MarketBeat reports. The brokerage presently has a $10.00 target price on the stock, up from their previous target price of $9.00. Telsey Advisory Group’s target price would indicate a potential upside of 41.04% from the company’s current price.

Several other research analysts have also issued reports on the company. Wedbush increased their price objective on GameStop from $5.00 to $8.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 8th. Ascendiant Capital Markets increased their price objective on GameStop from $3.00 to $4.00 and gave the stock a “hold” rating in a research note on Thursday, June 11th. Benchmark restated a “sell” rating and issued a $3.00 target price on shares of GameStop in a research note on Thursday, September 10th. Credit Suisse Group lowered their target price on GameStop from $4.50 to $3.50 and set an “underperform” rating for the company in a research note on Friday, June 5th. Finally, Jefferies Financial Group upgraded GameStop from a “hold” rating to a “buy” rating and raised their target price for the company from $7.00 to $8.00 in a research note on Monday. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $6.06.

Shares of GME stock opened at $7.09 on Monday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.05 and a quick ratio of 0.69. The stock has a fifty day moving average price of $5.35 and a 200 day moving average price of $4.59. GameStop has a one year low of $2.57 and a one year high of $8.45. The stock has a market cap of $462.00 million, a P/E ratio of -1.42 and a beta of 1.35.

GameStop (NYSE:GME) last released its quarterly earnings data on Wednesday, September 9th. The company reported ($1.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.13) by ($0.27). GameStop had a negative return on equity of 29.98% and a negative net margin of 6.07%. The company had revenue of $942.00 million for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the company earned ($0.32) earnings per share. The business’s revenue was down 26.7% compared to the same quarter last year. Equities research analysts anticipate that GameStop will post -2.03 EPS for the current year.

A number of hedge funds have recently made changes to their positions in GME. Envestnet Asset Management Inc. increased its position in GameStop by 86.0% in the first quarter. Envestnet Asset Management Inc. now owns 33,397 shares of the company’s stock worth $117,000 after purchasing an additional 15,442 shares during the period. Comerica Bank increased its position in GameStop by 4.7% in the first quarter. Comerica Bank now owns 77,689 shares of the company’s stock worth $371,000 after purchasing an additional 3,509 shares during the period. Magnus Financial Group LLC increased its position in GameStop by 17.8% in the first quarter. Magnus Financial Group LLC now owns 18,462 shares of the company’s stock worth $65,000 after purchasing an additional 2,789 shares during the period. People s United Financial Inc. increased its position in GameStop by 22.0% in the first quarter. People s United Financial Inc. now owns 36,602 shares of the company’s stock worth $128,000 after purchasing an additional 6,605 shares during the period. Finally, SeaCrest Wealth Management LLC increased its position in GameStop by 99.5% in the first quarter. SeaCrest Wealth Management LLC now owns 31,081 shares of the company’s stock worth $109,000 after purchasing an additional 15,500 shares during the period.

About GameStop

GameStop Corp. operates as a multichannel video game and consumer electronics retailer in the United States, Canada, Australia, and Europe. The company sells new and pre-owned video game hardware; video game software; pre-owned and value video games; video game accessories, including controllers, gaming headsets, virtual reality products, memory cards, and other add-ons for use with video game hardware and software; and digital products, such as downloadable content, network points cards, prepaid digital and prepaid subscription cards, and digitally downloadable software, as well as collectible products.

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Analyst Recommendations for GameStop (NYSE:GME)

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