GameStop Receives a Hold from Oppenheimer

By Jason Carr

Oppenheimer analyst Brian Nagel assigned a Hold rating to GameStop (NYSE: GME) today. The company’s shares opened today at $26.

According to TipRanks.com, Nagel is a 4-star analyst with an average return of 3.6% and a 56.0% success rate. Nagel covers the Services sector, focusing on stocks such as Dick’s Sporting Goods, Advance Auto Parts, and Lumber Liquidators.

GameStop has an analyst consensus of Moderate Buy, with a price target consensus of $27.85.

GameStop’s market cap is currently $2.69B and has a P/E ratio of 6.89. The company has a book value ratio of 1.2484.

Based on the recent corporate insider activity of 54 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. Most recently, in September 2016, Michael Mauler, the EVP – President International of GME bought 10,000 shares for a total of $269,000.

GameStop Crop. operates as a multichannel video game, consumer electronics and wireless services retailer, which offers customers the most popular games, hardware and game accessories for next generation video game systems and the PC. The company sells new and pre-owned video game hardware, physical and digital video game software, accessories, as well as PC entertainment software, new and pre-owned mobile and consumer electronics products and other merchandise. It operates electronic commerce web sites under the names www.gamestop.com, www.ebgames.com.au, www.ebgames.co.nz, www.gamestop.ca, www.gamestop.it, www.gamestop.es, www.gamestop.ie, www.gamestop.de, www.gamestop.co.uk and www.micromania.fr. The company also sells various types of digital products, including downloadable content, network points cards, prepaid digital and online timecards and digitally downloadable software. Its mobile business consists primarily of pre-owned mobile devices, tablets and related accessories. The company was founded in June 2000 and is headquartered in Grapevine, TX.