GameStop Corp. (NYSE:GME – Free Report) – Research analysts at Wedbush boosted their Q2 2026 earnings per share estimates for shares of GameStop in a research report issued to clients and investors on Wednesday, June 11th. Wedbush analyst M. Pachter now expects that the company will post earnings per share of $0.19 for the quarter, up from their prior estimate of $0.08. Wedbush has a “Underperform” rating and a $13.50 price objective on the stock. The consensus estimate for GameStop’s current full-year earnings is $0.08 per share. Wedbush also issued estimates for GameStop’s Q3 2026 earnings at $0.15 EPS, FY2026 earnings at $0.75 EPS and FY2028 earnings at $0.29 EPS.
Separately, Wall Street Zen raised GameStop from a “sell” rating to a “hold” rating in a research note on Thursday, March 27th.
GameStop Trading Up 0.2%
Shares of GME stock opened at $22.18 on Friday. GameStop has a 12-month low of $18.73 and a 12-month high of $35.81. The company has a market cap of $9.92 billion, a price-to-earnings ratio of 123.20 and a beta of -0.69. The stock has a 50 day simple moving average of $27.96 and a 200-day simple moving average of $27.35.
GameStop (NYSE:GME – Get Free Report) last issued its earnings results on Tuesday, June 10th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.13. The business had revenue of $732.40 million during the quarter, compared to the consensus estimate of $754.23 million. GameStop had a return on equity of 2.11% and a net margin of 1.45%. The company’s revenue for the quarter was down 16.9% on a year-over-year basis. During the same period in the prior year, the business posted ($0.12) EPS.
Institutional Trading of GameStop
Several hedge funds and other institutional investors have recently added to or reduced their stakes in GME. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in GameStop by 223.5% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 990 shares of the company’s stock valued at $31,000 after buying an additional 684 shares during the period. Bessemer Group Inc. grew its holdings in shares of GameStop by 67.2% during the 4th quarter. Bessemer Group Inc. now owns 1,720 shares of the company’s stock worth $54,000 after purchasing an additional 691 shares during the period. Nomura Asset Management Co. Ltd. grew its holdings in shares of GameStop by 32.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 2,130 shares of the company’s stock worth $67,000 after purchasing an additional 520 shares during the period. UMB Bank n.a. grew its holdings in shares of GameStop by 100.6% during the 1st quarter. UMB Bank n.a. now owns 3,651 shares of the company’s stock worth $81,000 after purchasing an additional 1,831 shares during the period. Finally, US Bancorp DE grew its holdings in shares of GameStop by 92.5% during the 1st quarter. US Bancorp DE now owns 3,726 shares of the company’s stock worth $83,000 after purchasing an additional 1,790 shares during the period. Hedge funds and other institutional investors own 29.21% of the company’s stock.
Insider Buying and Selling at GameStop
In other GameStop news, General Counsel Mark Haymond Robinson sold 4,687 shares of GameStop stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $22.53, for a total value of $105,598.11. Following the completion of the sale, the general counsel now owns 37,663 shares in the company, valued at $848,547.39. The trade was a 11.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Alain Attal purchased 10,000 shares of the stock in a transaction on Thursday, April 10th. The stock was acquired at an average price of $25.75 per share, with a total value of $257,500.00. Following the acquisition, the director now directly owns 572,464 shares in the company, valued at $14,740,948. This trade represents a 1.78% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 515,000 shares of company stock worth $11,140,200. 12.28% of the stock is owned by insiders.
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.
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