GameSquare (NASDAQ:GAME) Stock Price Down 12% – Should You Sell?

Shares of GameSquare Holdings, Inc. (NASDAQ:GAME) fell 12% on Friday . The company traded as low as $0.4406 and last traded at $0.4478. 3,906,019 shares changed hands during trading, an increase of 5% from the average session volume of 3,724,341 shares. The stock had previously closed at $0.5091.

Wall Street Analysts Forecast Growth

GAME has been the subject of several research reports. Wall Street Zen lowered GameSquare from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings reiterated a “sell (e+)” rating on shares of GameSquare in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

GameSquare Price Performance

The firm has a fifty day moving average price of $0.69 and a two-hundred day moving average price of $0.84. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $44.33 million, a P/E ratio of -0.37 and a beta of 0.74.

GameSquare (NASDAQ:GAME) last announced its quarterly earnings data on Thursday, November 13th. The entertainment company reported ($0.03) EPS for the quarter, meeting the consensus estimate of ($0.03). The company had revenue of $11.31 million for the quarter, compared to the consensus estimate of $26.80 million. GameSquare had a negative net margin of 46.12% and a negative return on equity of 275.13%.

Hedge Funds Weigh In On GameSquare

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in GameSquare by 353.8% during the 3rd quarter. Vanguard Group Inc. now owns 4,282,748 shares of the entertainment company’s stock valued at $2,908,000 after purchasing an additional 3,339,080 shares during the last quarter. Polar Asset Management Partners Inc. purchased a new position in GameSquare in the 3rd quarter worth about $1,358,000. UBS Group AG lifted its stake in GameSquare by 275,329.0% during the 3rd quarter. UBS Group AG now owns 1,669,100 shares of the entertainment company’s stock valued at $1,133,000 after acquiring an additional 1,668,494 shares during the period. B Group Inc. purchased a new stake in shares of GameSquare during the 3rd quarter valued at about $170,000. Finally, FNY Investment Advisers LLC purchased a new stake in shares of GameSquare during the 2nd quarter valued at about $108,000. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

GameSquare Company Profile

GameSquare Holdings, Inc operates as a vertically integrated digital media, entertainment, and technology company. Its platform to connect with gaming and youth culture audiences. The company’s end-to-end platform includes Code Red Esports Ltd., an esports talent agency; GCN, a digital media company focusing on the gaming and esports audience; Zoned, a gaming and lifestyle marketing agency; Complexity Gaming, a esports organization operating; Fourth Frame Studios, a creative production studio; and Mission Supply, a merchandise and consumer products business; Frankly Media, programmatic advertising, Stream Hatchet, live streaming analytics, and Sideqik a social influencer marketing platform.