Fintel reports that on September 1, 2023, Wedbush reiterated coverage of Gamestop Corporation - (NYSE:GME) with a Underperform recommendation.
Analyst Price Forecast Suggests 27.26% Downside
As of August 31, 2023, the average one-year price target for Gamestop Corporation - is 13.36. The forecasts range from a low of 6.26 to a high of $21.00. The average price target represents a decrease of 27.26% from its latest reported closing price of 18.37.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Gamestop Corporation - is 6,126MM, an increase of 5.88%. The projected annual non-GAAP EPS is -0.65.
What is the Fund Sentiment?
There are 510 funds or institutions reporting positions in Gamestop Corporation -. This is a decrease of 4 owner(s) or 0.78% in the last quarter. Average portfolio weight of all funds dedicated to GME is 0.13%, a decrease of 13.95%. Total shares owned by institutions decreased in the last three months by 1.96% to 90,313K shares. 
The put/call ratio of GME is 0.39, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 8,068K shares representing 2.65% ownership of the company. In it's prior filing, the firm reported owning 8,011K shares, representing an increase of 0.70%. The firm decreased its portfolio allocation in GME by 2.12% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 7,672K shares representing 2.52% ownership of the company. In it's prior filing, the firm reported owning 7,799K shares, representing a decrease of 1.65%. The firm decreased its portfolio allocation in GME by 0.73% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 6,687K shares representing 2.20% ownership of the company. In it's prior filing, the firm reported owning 6,776K shares, representing a decrease of 1.33%. The firm decreased its portfolio allocation in GME by 1.10% over the last quarter.
VISVX - Vanguard Small-Cap Value Index Fund Investor Shares holds 4,634K shares representing 1.52% ownership of the company. In it's prior filing, the firm reported owning 4,753K shares, representing a decrease of 2.58%. The firm decreased its portfolio allocation in GME by 0.57% over the last quarter.
Geode Capital Management holds 3,775K shares representing 1.24% ownership of the company. In it's prior filing, the firm reported owning 3,618K shares, representing an increase of 4.16%. The firm decreased its portfolio allocation in GME by 0.53% over the last quarter.
Gamestop Background Information
(This description is provided by the company.)
GameStop Corporation, a Fortune 500 company headquartered in Grapevine, Texas, is a leading specialty retailer offering games and entertainment products through its e-commerce properties and thousands of stores.
Additional reading:
- GameStop Announces Resignation of CFO
- Letter Agreement between Mark H. Robinson and GameStop Corp. executed June 7, 2023.
- Press Release dated June 7, 2023
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