Insider Selling: GameStop (NYSE:GME) Insider Sells $111,949.88 in Stock

GameStop Corp. (NYSE:GME) insider Daniel William Moore sold 5,477 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $20.44, for a total value of $111,949.88. Following the completion of the transaction, the insider directly owned 108,224 shares in the company, valued at $2,212,098.56. This trade represents a 4.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

GameStop Stock Down 0.3%

Shares of GME stock traded down $0.06 during mid-day trading on Tuesday, hitting $20.66. The company’s stock had a trading volume of 3,376,049 shares, compared to its average volume of 5,321,925. The stock has a market cap of $9.25 billion, a price-to-earnings ratio of 25.19 and a beta of -1.23. The company has a debt-to-equity ratio of 0.78, a quick ratio of 9.77 and a current ratio of 10.39. GameStop Corp. has a 52-week low of $19.93 and a 52-week high of $35.81. The business has a 50-day moving average price of $21.63 and a 200 day moving average price of $23.00.

GameStop (NYSE:GME) last released its quarterly earnings data on Tuesday, December 9th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.20 by $0.04. GameStop had a return on equity of 9.75% and a net margin of 11.08%.The company had revenue of $821.00 million for the quarter, compared to analysts’ expectations of $987.29 million. During the same period last year, the firm posted $0.06 earnings per share. GameStop’s revenue was down 4.6% compared to the same quarter last year. Research analysts predict that GameStop Corp. will post 0.08 EPS for the current fiscal year.

Institutional Investors Weigh In On GameStop

Hedge funds and other institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. grew its position in GameStop by 308.9% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 969 shares of the company’s stock valued at $26,000 after buying an additional 732 shares during the period. City Holding Co. purchased a new position in shares of GameStop during the 3rd quarter worth $30,000. EverSource Wealth Advisors LLC boosted its stake in shares of GameStop by 226.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,277 shares of the company’s stock worth $31,000 after acquiring an additional 886 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of GameStop during the 3rd quarter valued at $39,000. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of GameStop in the 2nd quarter worth $45,000. Hedge funds and other institutional investors own 29.21% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of GameStop in a research report on Monday, December 29th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $13.50.

GameStop Company Profile

GameStop Corp. (NYSE:GME) is a global specialty retailer focused on video games, gaming consoles, consumer electronics and related accessories. The company operates a network of physical retail stores alongside an e-commerce platform, offering new and pre-owned products spanning the latest game software, hardware, collectibles and lifestyle merchandise. GameStop’s retail footprint is complemented by digital marketplaces for trade-ins and online purchases, as well as a membership program that provides exclusive content and rewards.

Originally founded in 1984 as Babbage’s in Dallas, Texas, the company adopted the GameStop name in 1999 following its merger with Software Etc.