GameSquare (NASDAQ:GAME) Raised to “Hold” at Zacks Research

GameSquare (NASDAQ:GAME) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Several other research analysts have also commented on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of GameSquare in a report on Tuesday, April 21st. Wall Street Zen raised GameSquare to a “hold” rating in a report on Saturday, April 25th. Finally, ThinkEquity assumed coverage on GameSquare in a report on Monday. They set a “buy” rating for the company. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold”.

GameSquare Stock Up 1.0%

GAME stock opened at $0.43 on Monday. The firm has a market capitalization of $40.17 million, a PE ratio of -0.73 and a beta of 1.52. GameSquare has a twelve month low of $0.24 and a twelve month high of $2.87. The stock has a 50-day simple moving average of $0.42 and a two-hundred day simple moving average of $0.40.

Insider Transactions at GameSquare

In other news, insider & Silver Ventures Ltd. Blue bought 144,346 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was acquired at an average price of $0.42 per share, with a total value of $60,625.32. Following the completion of the purchase, the insider directly owned 5,997,620 shares in the company, valued at $2,519,000.40. This represents a 2.47% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders purchased a total of 2,998,810 shares of company stock valued at $1,651,705 over the last ninety days. 5.20% of the stock is owned by corporate insiders.

Institutional Trading of GameSquare

Hedge funds and other institutional investors have recently bought and sold shares of the company. XTX Topco Ltd purchased a new stake in GameSquare in the second quarter worth approximately $38,000. Virtu Financial LLC boosted its stake in GameSquare by 167.6% in the fourth quarter. Virtu Financial LLC now owns 200,255 shares of the entertainment company’s stock worth $77,000 after buying an additional 125,428 shares in the last quarter. Geode Capital Management LLC boosted its stake in GameSquare by 23.9% in the second quarter. Geode Capital Management LLC now owns 213,914 shares of the entertainment company’s stock worth $186,000 after buying an additional 41,196 shares in the last quarter. B Group Inc. purchased a new stake in GameSquare in the third quarter worth approximately $170,000. Finally, Jane Street Group LLC purchased a new stake in GameSquare in the fourth quarter worth approximately $153,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.

GameSquare Company Profile

GameSquare Inc (NASDAQ: GAME) is a digital media and marketing company focused on the global gaming and esports industries. The company operates a network of online properties and community platforms that deliver editorial content, live event coverage, and video programming to enthusiasts and consumers. GameSquare’s offerings span both traditional gaming titles and competitive esports leagues, enabling advertisers and brand partners to engage with a diverse and highly engaged audience.

Through its flagship Enthusiast Gaming network, GameSquare oversees a portfolio of more than 35 websites and digital channels, including long-standing properties such as Destructoid, The Escapist and Daily Esports.