GameStop Corp. (NYSE:GME - Get Free Report) insider Daniel William Moore sold 1,972 shares of GameStop stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $21.96, for a total transaction of $43,305.12. Following the transaction, the insider now directly owns 37,280 shares in the company, valued at $818,668.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
GameStop Price Performance
Shares of GME stock opened at $21.20 on Friday. GameStop Corp. has a 1-year low of $9.95 and a 1-year high of $64.83. The firm has a market cap of $7.45 billion, a PE ratio of 265.00 and a beta of -0.17. The company has a 50-day moving average of $21.94 and a two-hundred day moving average of $20.87.
GameStop (NYSE:GME - Get Free Report) last posted its quarterly earnings data on Tuesday, September 10th. The company reported $0.01 earnings per share for the quarter, topping analysts' consensus estimates of ($0.08) by $0.09. The firm had revenue of $798.30 million during the quarter, compared to analysts' expectations of $895.67 million. GameStop had a net margin of 0.93% and a return on equity of 1.79%. The firm's quarterly revenue was down 31.4% on a year-over-year basis. During the same quarter last year, the company posted ($0.03) EPS. Sell-side analysts anticipate that GameStop Corp. will post 0.01 EPS for the current fiscal year.
Analyst Ratings Changes
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Several analysts have recently commented on the stock. Wedbush reduced their price target on shares of GameStop from $11.00 to $10.00 and set an "underperform" rating on the stock in a research report on Wednesday, September 11th. StockNews.com upgraded GameStop to a "sell" rating in a research report on Wednesday, September 25th.
Get Our Latest Stock Analysis on GameStop
Hedge Funds Weigh In On GameStop
Several hedge funds have recently bought and sold shares of GME. Texas Permanent School Fund Corp grew its stake in shares of GameStop by 1.5% in the first quarter. Texas Permanent School Fund Corp now owns 235,081 shares of the company's stock worth $2,943,000 after acquiring an additional 3,459 shares in the last quarter. Coatue Management LLC purchased a new position in GameStop in the fourth quarter valued at $1,315,000. State of Michigan Retirement System boosted its holdings in GameStop by 2.5% in the first quarter. State of Michigan Retirement System now owns 66,000 shares of the company's stock valued at $826,000 after purchasing an additional 1,600 shares during the period. Cubist Systematic Strategies LLC acquired a new position in GameStop during the 2nd quarter worth $9,577,000. Finally, CANADA LIFE ASSURANCE Co increased its holdings in GameStop by 2.9% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 194,764 shares of the company's stock worth $2,438,000 after purchasing an additional 5,411 shares during the period. Institutional investors and hedge funds own 29.21% of the company's stock.
GameStop Company Profile
(
Get Free Report)
GameStop Corp., a specialty retailer, provides games and entertainment products through its stores and ecommerce platforms in the United States, Canada, Australia, and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, and virtual reality products; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads.
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