GameStop (NYSE:GME) Price Target Lowered to $10.00 at Wedbush

GameStop (NYSE:GME) had its price objective decreased by Wedbush from $11.00 to $10.00 in a report published on Wednesday morning, MarketBeat.com reports. Wedbush currently has an underperform rating on the stock. Wedbush also issued estimates for GameStop’s Q3 2025 earnings at $0.00 EPS, Q4 2025 earnings at $0.09 EPS, FY2025 earnings at $0.01 EPS, Q1 2026 earnings at $0.00 EPS, Q2 2026 earnings at $0.00 EPS, Q3 2026 earnings at $0.00 EPS, Q4 2026 earnings at $0.06 EPS, FY2026 earnings at $0.06 EPS, FY2027 earnings at $0.04 EPS and FY2027 earnings at $0.01 EPS.

Separately, StockNews.com raised GameStop to a sell rating in a research note on Monday, August 26th.

GameStop Stock Up 1.2 %

Shares of GME stock opened at $20.65 on Wednesday. The stock has a market cap of $8.81 billion, a P/E ratio of 258.16 and a beta of -0.17. GameStop has a fifty-two week low of $9.95 and a fifty-two week high of $64.83. The business has a fifty day simple moving average of $23.10 and a 200-day simple moving average of $20.21.

GameStop (NYSE:GME) last posted its quarterly earnings data on Tuesday, September 10th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.09. The business had revenue of $798.30 million for the quarter, compared to analyst estimates of $895.67 million. GameStop had a return on equity of 1.79% and a net margin of 0.93%. The business’s revenue for the quarter was down 31.4% compared to the same quarter last year. During the same quarter last year, the company earned ($0.03) earnings per share. On average, sell-side analysts anticipate that GameStop will post 0.08 earnings per share for the current year.

Insiders Place Their Bets

In other GameStop news, Director Lawrence Cheng purchased 4,140 shares of the firm’s stock in a transaction on Monday, July 8th. The shares were purchased at an average cost of $24.85 per share, with a total value of $102,879.00. Following the purchase, the director now owns 69,228 shares in the company, valued at $1,720,315.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 12.28% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On GameStop

A number of large investors have recently modified their holdings of GME. Cubist Systematic Strategies LLC purchased a new position in shares of GameStop in the 2nd quarter worth about $9,577,000. Renaissance Technologies LLC raised its holdings in shares of GameStop by 34.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,347,136 shares of the company’s stock worth $33,261,000 after purchasing an additional 342,178 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of GameStop by 12.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,606,532 shares of the company’s stock worth $45,693,000 after purchasing an additional 289,947 shares during the period. Van ECK Associates Corp raised its holdings in shares of GameStop by 14.2% in the 2nd quarter. Van ECK Associates Corp now owns 1,689,052 shares of the company’s stock worth $41,702,000 after purchasing an additional 209,861 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of GameStop by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 25,450,256 shares of the company’s stock worth $446,143,000 after purchasing an additional 167,145 shares during the period. 29.21% of the stock is currently owned by hedge funds and other institutional investors.

About GameStop

GameStop Corp., a specialty retailer, provides games and entertainment products through its stores and ecommerce platforms in the United States, Canada, Australia, and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, and virtual reality products; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads.