Daniel William Moore Sells 6,509 Shares of GameStop (NYSE:GME) Stock

GameStop Corp. (NYSE:GME) insider Daniel William Moore sold 6,509 shares of the company’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $27.58, for a total transaction of $179,518.22. Following the sale, the insider directly owned 112,620 shares of the company’s stock, valued at $3,106,059.60. The trade was a 5.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Daniel William Moore also recently made the following trade(s):

• On Tuesday, September 2nd, Daniel William Moore sold 830 shares of GameStop stock. The stock was sold at an average price of $22.68, for a total transaction of $18,824.40.

GameStop Price Performance

GameStop stock opened at $25.40 on Friday. GameStop Corp. has a 52-week low of $20.30 and a 52-week high of $35.81. The firm has a market capitalization of $11.37 billion, a price-to-earnings ratio of 34.79 and a beta of -0.86. The company has a fifty day simple moving average of $23.95 and a 200-day simple moving average of $25.20. The company has a quick ratio of 10.79, a current ratio of 11.37 and a debt-to-equity ratio of 0.80.

GameStop (NYSE:GME) last released its earnings results on Tuesday, September 9th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.06. GameStop had a net margin of 9.41% and a return on equity of 7.72%. The business had revenue of $972.20 million during the quarter, compared to analyst estimates of $823.25 million. During the same quarter in the prior year, the firm earned $0.04 earnings per share. The company’s revenue for the quarter was up 21.8% compared to the same quarter last year. On average, equities analysts anticipate that GameStop Corp. will post 0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC lifted its position in GameStop by 226.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,277 shares of the company’s stock valued at $31,000 after buying an additional 886 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in GameStop in the second quarter valued at about $45,000. Hantz Financial Services Inc. lifted its position in GameStop by 1,523.7% in the second quarter. Hantz Financial Services Inc. now owns 2,127 shares of the company’s stock valued at $52,000 after buying an additional 1,996 shares during the last quarter. UMB Bank n.a. lifted its position in GameStop by 100.6% in the first quarter. UMB Bank n.a. now owns 3,651 shares of the company’s stock valued at $81,000 after buying an additional 1,831 shares during the last quarter. Finally, US Bancorp DE lifted its position in GameStop by 92.5% in the first quarter. US Bancorp DE now owns 3,726 shares of the company’s stock valued at $83,000 after buying an additional 1,790 shares during the last quarter. Institutional investors and hedge funds own 29.21% of the company’s stock.

Wall Street Analyst Weigh In

GME has been the subject of a number of research reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of GameStop in a report on Saturday, September 27th. Wedbush raised shares of GameStop to a “strong sell” rating in a report on Tuesday, July 1st. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, GameStop presently has a consensus rating of “Reduce” and a consensus target price of $13.50.

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.