GameStop (NYSE:GME) Insider Sells $177,025.22 in Stock

GameStop Corp. (NYSE:GME) insider Daniel Moore sold 7,297 shares of the company’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $24.26, for a total value of $177,025.22. Following the completion of the transaction, the insider directly owned 107,828 shares of the company’s stock, valued at approximately $2,615,907.28. This represents a 6.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

GameStop Stock Performance

Shares of GameStop stock opened at $24.59 on Thursday. The business’s fifty day simple moving average is $20.67 and its 200 day simple moving average is $21.93. The firm has a market capitalization of $12.40 billion, a P/E ratio of 16.17 and a beta of 1.63. GameStop Corp. has a 12 month low of $17.79 and a 12 month high of $26.88. The company has a current ratio of 8.72, a quick ratio of 8.07 and a debt-to-equity ratio of 0.68.

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

Institutional Investors Weigh In On GameStop

Hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its position in shares of GameStop by 189.1% in the first quarter. Dimensional Fund Advisors LP now owns 3,909,284 shares of the company’s stock valued at $90,046,000 after purchasing an additional 2,557,079 shares in the last quarter. Renaissance Technologies LLC boosted its stake in GameStop by 376.2% in the 1st quarter. Renaissance Technologies LLC now owns 2,650,303 shares of the company’s stock worth $61,063,000 after purchasing an additional 2,093,755 shares during the period. Pacer Advisors Inc. grew its holdings in GameStop by 19.3% during the 4th 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 in the last quarter. Principal Financial Group Inc. increased its position in shares of GameStop by 3.8% during the first quarter. Principal Financial Group Inc. now owns 919,960 shares of the company’s stock valued at $21,196,000 after buying an additional 33,553 shares during the period. Finally, Swiss National Bank lifted its holdings in shares of GameStop by 0.4% in the first quarter. Swiss National Bank now owns 842,328 shares of the company’s stock worth $19,407,000 after buying an additional 3,300 shares in the last quarter. Institutional investors own 29.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GME. Weiss Ratings restated a “hold (c)” rating on shares of GameStop in a research report on Wednesday, July 29th. Wall Street Zen lowered shares of GameStop from a “buy” rating to a “hold” rating in a research report on Monday, September 7th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus 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.