TipRanksStock Market NewsGME NewsGameStop (GME) Gets a Sell Rating from Wedbush

GameStop (GME) Gets a Sell Rating from Wedbush

Wedbush analyst Michael Pachter reiterated a Sell rating on GameStop (GMEResearch Report) today and set a price target of $30.00. The company’s shares closed last Thursday at $125.33.

According to TipRanks.com, Pachter is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -3.9% and a 44.6% success rate. Pachter covers the Technology sector, focusing on stocks such as Alphabet Class A, Playtika Holding, and Corsair Gaming.

GameStop has an analyst consensus of Moderate Sell, with a price target consensus of $30.00.

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GameStop’s market cap is currently $9.27B and has a P/E ratio of -23.38.

Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GME in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

GameStop Corp. engages in the retail of multichannel video game, consumer electronics, and wireless services. It operates through the following segments: United States, Canada, Australia, Europe, and Technology Brands. The United States segment includes the retail operations and electronic commerce websites www.gamestop.com and www.thinkgeek.com, Game Informer magazine, and Kongregate. The Canada segment comprises of retail and e-commerce business. The Australia segment refers to the retail and e-commerce operations in Australia and New Zealand. The Europe segment pertains to the retail and e-commerce operations in the European countries. The Technology Brands segment consists of Spring Mobile managed AT&T and Cricket Wireless branded stores, and Simply Mac stores. The company was founded in June 2000 and is headquartered in Grapevine, TX.

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