GameStop (GME) Earning Somewhat Favorable News Coverage, Study Finds

Media headlines about GameStop (NYSE:GME) have been trending somewhat positive on Sunday, according to Accern. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. GameStop earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 45.5659415088909 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:

A number of research firms recently commented on GME. Robert W. Baird reiterated a “buy” rating and issued a $24.00 price objective on shares of GameStop in a report on Tuesday, September 26th. Loop Capital set a $26.00 price objective on GameStop and gave the company a “buy” rating in a report on Friday. Oppenheimer reiterated a “hold” rating on shares of GameStop in a report on Wednesday, November 22nd. ValuEngine upgraded GameStop from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, Vetr cut GameStop from a “strong-buy” rating to a “hold” rating and set a $16.58 price objective on the stock. in a report on Friday, November 17th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. GameStop presently has an average rating of “Hold” and a consensus target price of $22.42.

GameStop (NYSE GME) opened at $17.76 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.38 and a current ratio of 1.20. GameStop has a 52 week low of $15.85 and a 52 week high of $26.68. The company has a market capitalization of $1,799.16, a price-to-earnings ratio of 5.18, a price-to-earnings-growth ratio of 0.36 and a beta of 1.26.

GameStop (NYSE:GME) last released its quarterly earnings results on Tuesday, November 21st. The company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.11. GameStop had a return on equity of 16.50% and a net margin of 3.98%. The company had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same period in the prior year, the firm earned $0.49 earnings per share. The firm’s revenue was up 1.5% compared to the same quarter last year. sell-side analysts predict that GameStop will post 3.32 EPS for the current fiscal 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 stock was sold at an average price of $17.91, for a total transaction of $71,640.00. Following the transaction, the director now directly 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 can be accessed through the SEC website. 2.80% of the stock is owned by corporate insiders.

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GameStop Company Profile

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.

Insider Buying and Selling by Quarter for GameStop (NYSE:GME)

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