GameStop surged to $22.83 per share this afternoon, but it remains 72.29% above its mean target price of $13.25. There may still be room for more downwards movement — even after today's 3.8% drop. Analysts are giving the large-cap None stock on average rating of underperform, with target prices ranging from $6.5 to $20.0 per share.
GameStop has an elevated short interest of 21.6%. The stock's short ratio, or the number of days needed for all shorts to cover their positions, is 19.77. Since 15.54% of the company's shares are owned by insiders, we can infer that there is a degree of alignment between management and shareholder interests. GameStop's rate of institutional ownership is 28.2%, which indicates a decent level of confidence in the stock. Based on these factors, Market Inference considers GameStop to be the target of None.
Institutions Invested in GameStop
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-03-31 | Vanguard Group, Inc. (The) | 8% | 25,067,747 | $572,266,587 |
| 2023-03-31 | Blackrock Inc. | 7% | 22,123,259 | $505,047,459 |
| 2023-03-31 | State Street Corporation | 2% | 7,565,856 | $172,719,414 |
| 2023-03-31 | Geode Capital Management, LLC | 1% | 3,617,565 | $82,584,668 |
| 2023-03-31 | Bank Of New York Mellon Corporation | 1% | 2,176,594 | $49,689,029 |
| 2023-03-31 | Charles Schwab Investment Management, Inc. | 1% | 2,051,190 | $46,826,206 |
| 2023-03-31 | Northern Trust Corporation | 1% | 1,919,292 | $43,815,133 |
| 2023-03-31 | Coatue Management LLC | 0% | 1,217,228 | $27,787,854 |
| 2023-03-31 | Van Eck Associates Corporation | 0% | 1,169,758 | $26,704,171 |
| 2022-12-31 | Norges Bank Investment Management | 0% | 1,056,783 | $24,125,087 |
