GameStop (NYSE:GME) Director Nat Turner Buys 10,462 Shares of Company Stock

GameStop Corp. (NYSE:GME) Director Nat Turner acquired 10,462 shares of the business’s stock in a transaction on Thursday, October 1st. The stock was acquired at an average price of $24.33 per share, for a total transaction of $254,540.46. Following the acquisition, the director owned 10,462 shares of the company’s stock, valued at approximately $254,540.46. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

GameStop Stock Down 2.1%

Shares of GME traded down $0.51 during mid-day trading on Thursday, reaching $24.14. The company had a trading volume of 10,636,888 shares, compared to its average volume of 9,627,954. The firm has a 50-day moving average price of $20.42 and a 200 day moving average price of $21.89. The company has a market capitalization of $12.18 billion, a price-to-earnings ratio of 15.88 and a beta of 1.62. GameStop Corp. has a 52 week low of $17.79 and a 52 week high of $28.10. The company has a debt-to-equity ratio of 0.68, a quick ratio of 8.07 and a current ratio of 8.72.

GameStop (NYSE:GME) last released its earnings results on Tuesday, September 8th. The company reported $0.27 EPS for the quarter, hitting analysts’ consensus estimates of $0.27. GameStop had a return on equity of 13.57% and a net margin of 25.16%.The firm had revenue of $790.20 million for the quarter, compared to analysts’ expectations of $756.85 million. During the same period in the prior year, the firm posted $0.31 earnings per share. The company’s quarterly revenue was down 18.7% on a year-over-year basis.

Trending Headlines about GameStop

Here are the key news stories impacting GameStop this week:

• Positive Sentiment: Ryan Cohen bought another 450,000 GameStop shares for approximately $10.6 million. The purchase was made at an average of $23.48 per share and increased his direct ownership to roughly 40.95 million shares. It follows purchases of 1 million shares on September 10 and 1.15 million shares on September 21, bringing his September buying to about 2.6 million shares worth approximately $57.3 million. The repeated open-market purchases signal confidence from senior leadership and have helped support recent gains in GME. GameStop insider purchase report
• Positive Sentiment: Other GameStop directors reportedly followed Cohen with purchases. Buying shares at progressively higher prices strengthens the insider-alignment narrative and suggests that several company insiders view the stock as attractive despite its volatility. Ryan Cohen and director purchases
• Neutral Sentiment: Institutional activity provides some additional support. Several funds initiated or increased GameStop positions during the second quarter, although institutional ownership remains a minority of the shares outstanding. The stock is also trading above its 50-day and 200-day moving averages, reflecting improved recent momentum.
• Negative Sentiment: Fundamental concerns remain unresolved. GameStop’s latest quarterly revenue fell 18.7% year over year, and earnings matched estimates rather than exceeded them. The company is still navigating an operational transition, while the consensus analyst rating remains “Hold”; one rating service recently downgraded the shares. The insider-buying thesis could be challenged if revenue declines continue or the company fails to produce sustainable growth.

Institutional Trading of GameStop

A number of hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC grew its stake in shares of GameStop by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 7,340,631 shares of the company’s stock valued at $147,431,000 after purchasing an additional 92,996 shares during the period. Dimensional Fund Advisors LP grew its position in GameStop by 189.1% during the first quarter. Dimensional Fund Advisors LP now owns 3,909,284 shares of the company’s stock valued at $90,046,000 after buying an additional 2,557,079 shares during the period. Renaissance Technologies LLC grew its position in GameStop by 376.2% during the first quarter. Renaissance Technologies LLC now owns 2,650,303 shares of the company’s stock valued at $61,063,000 after buying an additional 2,093,755 shares during the period. Pacer Advisors Inc. increased its holdings in GameStop by 19.3% during the fourth quarter. Pacer Advisors Inc. now owns 1,112,535 shares of the company’s stock valued at $22,340,000 after buying an additional 180,356 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in GameStop by 3.8% in the first quarter. Principal Financial Group Inc. now owns 919,960 shares of the company’s stock worth $21,196,000 after acquiring an additional 33,553 shares during the period. Hedge funds and other institutional investors own 29.21% of the company’s stock.

Analysts Set New Price Targets

GME has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of GameStop in a report on Wednesday, July 29th. Wall Street Zen cut GameStop from a “buy” rating to a “hold” rating in a research report on Monday, September 7th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

GameStop Company Profile

GameStop Corp. is a multichannel retailer focused on video game products and related entertainment merchandise. The company sells new and pre-owned video game hardware, software, accessories and consumer electronics through its retail stores and e-commerce websites. Its product offerings include gaming consoles, controllers, headsets, games and other equipment for major platforms.

GameStop also sells collectibles, apparel, toys, trading cards and other products connected to video games and popular culture.