GameStop (NYSE:GME) Director Acquires $401,975.00 in Stock

GameStop Corp. (NYSE:GME) Director Alain Attal acquired 17,500 shares of the business’s stock in a transaction dated Monday, September 21st. The shares were bought at an average price of $22.97 per share, for a total transaction of $401,975.00. Following the completion of the acquisition, the director owned 618,964 shares in the company, valued at approximately $14,217,603.08. This trade represents a 2.91% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Alain Attal also recently made the following trade(s):

• On Thursday, September 10th, Alain Attal bought 5,000 shares of GameStop stock. The stock was bought at an average price of $20.00 per share, with a total value of $100,000.00.

GameStop Trading Up 0.8%

GameStop stock traded up $0.18 during trading on Monday, reaching $22.82. The company had a trading volume of 9,507,797 shares, compared to its average volume of 7,674,533. GameStop Corp. has a 12-month low of $17.79 and a 12-month 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. The stock’s 50 day moving average price is $20.05 and its two-hundred day moving average price is $21.89. The firm has a market capitalization of $11.51 billion, a price-to-earnings ratio of 15.01 and a beta of 1.72.

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of GameStop in a research report on Wednesday, July 29th. Wall Street Zen downgraded GameStop from a “buy” rating to a “hold” rating in a report on Monday, September 7th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, GameStop has an average rating of “Hold”.

GameStop News Roundup

Here are the key news stories impacting GameStop this week:

• Positive Sentiment: CEO Ryan Cohen purchased 1,150,680 GameStop shares at an average price of $22.94, investing approximately $26.4 million. The purchase increased his stake by 2.92% to 40.5 million shares, a potentially bullish signal that management believes the company is undervalued or has further turnaround potential. Ryan Cohen GameStop insider trading information
• Positive Sentiment: Jim Cramer said GameStop is a buy, citing its profitability, cash reserves, recent performance and ongoing turnaround efforts. Although the comments were made on September 17, their publication may reinforce bullish sentiment among retail investors. Jim Cramer on GameStop
• Neutral Sentiment: Speculation that retail trader Keith Gill, known online as “Roaring Kitty,” may be active again helped draw attention to GME. However, the speculation is based on an unverified account and does not represent a confirmed business catalyst. Roaring Kitty GameStop speculation
• Neutral Sentiment: Broader market futures were higher ahead of an anticipated U.S.-China summit, providing a generally supportive market backdrop but no company-specific fundamental change for GameStop. Market futures and GameStop stocks in focus
• Negative Sentiment: GameStop’s longer-term investment case remains dependent on executing its turnaround. Quarterly revenue had previously declined year over year, meaning the stock’s current support relies heavily on profitability, cash holdings, insider buying and investor sentiment rather than sustained sales growth.

Institutional Trading of GameStop

Institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its holdings in GameStop by 189.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,909,284 shares of the company’s stock worth $90,046,000 after purchasing an additional 2,557,079 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of GameStop by 376.2% during the 1st 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 last quarter. WINTON GROUP Ltd acquired a new stake in shares of GameStop during the second quarter worth approximately $5,111,000. Pacer Advisors Inc. increased its stake in shares of GameStop by 19.3% in the fourth quarter. Pacer Advisors Inc. now owns 1,112,535 shares of the company’s stock worth $22,340,000 after buying an additional 180,356 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in shares of GameStop by 412.7% in the first quarter. First Trust Advisors LP now owns 208,650 shares of the company’s stock worth $4,807,000 after buying an additional 167,956 shares during the last quarter. 29.21% of the stock is owned by hedge funds and other institutional investors.

About GameStop

GameStop Corp. is a multichannel retailer specializing in video games, gaming hardware, accessories and related entertainment products. Its offerings include new and pre-owned consoles and games, controllers, headsets, collectibles, apparel, toys and trading cards. The company sells through its retail stores, e-commerce websites and other digital channels.

Founded in 1984 as Babbage’s, the company expanded through acquisitions and adopted the GameStop name in 2000. It has historically operated stores in the United States, Canada, Australia and several European markets, although its international footprint has changed over time as the company has closed or sold certain operations.