Gamestop Corporation (GME) Receiving Somewhat Positive Press Coverage, Accern Reports

Media stories about Gamestop Corporation (NYSE:GME) have trended somewhat positive recently, Accern reports. The research group identifies positive and negative press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Gamestop Corporation earned a coverage optimism score of 0.23 on Accern’s scale. Accern also gave news coverage about the company an impact score of 45.9969722237889 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the media stories that may have effected Accern Sentiment’s scoring:

Gamestop Corporation (NYSE GME) traded down 0.87% on Friday, reaching $19.34. 2,230,201 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $20.02 and its 200 day moving average price is $21.38. The company has a market cap of $1.96 billion, a PE ratio of 5.83 and a beta of 1.19. Gamestop Corporation has a 12 month low of $18.47 and a 12 month high of $26.84.

Gamestop Corporation (NYSE:GME) last announced its quarterly earnings data on Thursday, August 24th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.01). The firm had revenue of $1.69 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Gamestop Corporation had a net margin of 3.90% and a return on equity of 16.66%. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.27 EPS. On average, equities analysts expect that Gamestop Corporation will post $3.30 EPS for the current fiscal year.

A number of research analysts have recently issued reports on GME shares. ValuEngine downgraded shares of Gamestop Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Loop Capital restated a “buy” rating and issued a $28.00 price target on shares of Gamestop Corporation in a research report on Wednesday, August 23rd. Zacks Investment Research downgraded shares of Gamestop Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Robert W. Baird restated a “buy” rating and issued a $24.00 price target on shares of Gamestop Corporation in a research report on Tuesday, September 26th. Finally, Vetr upgraded shares of Gamestop Corporation from a “buy” rating to a “strong-buy” rating and set a $33.36 target price on the stock in a research report on Friday, September 15th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Gamestop Corporation has a consensus rating of “Buy” and an average target price of $25.24.

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Gamestop Corporation 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.

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