GameStop (NYSE:GME) Insider Sells $165,397.40 in Stock

Key Points

• Insider sale: Daniel William Moore sold 7,210 shares at an average of $22.94 for a total of $165,397.40, lowering his stake by 6.66% to 101,014 shares (valued at ~$2.32M); the sale was disclosed in an SEC filing.
• Recent results and market snapshot: GME traded near $23.39 with a $10.49B market cap and 31.18 PE, and reported an EPS beat of $0.49 vs. $0.37 estimates while revenue of $1.10B missed the $1.47B consensus; the company shows very high liquidity (quick ratio ~14.7, current ratio ~15.3).
• Institutional activity and sentiment: Large institutional purchases came from firms like Marshall Wace, Invesco and Norges Bank (29.21% of shares held by institutions), but analyst coverage is mixed with a MarketBeat consensus of "Reduce" and an average price target of $13.50.

GameStop Corp. (NYSE:GME - Get Free Report) insider Daniel William Moore sold 7,210 shares of the company's stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $22.94, for a total transaction of $165,397.40. Following the sale, the insider owned 101,014 shares in the company, valued at $2,317,261.16. This represents a 6.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

GameStop Trading Up 0.1%

GME traded up $0.03 on Friday, hitting $23.39. The company had a trading volume of 3,834,282 shares, compared to its average volume of 5,872,089. The company has a market cap of $10.49 billion, a PE ratio of 31.18 and a beta of 1.86. GameStop Corp. has a 12-month low of $19.93 and a 12-month high of $35.81. The company has a quick ratio of 14.68, a current ratio of 15.30 and a debt-to-equity ratio of 0.76. The business's fifty day simple moving average is $23.76 and its 200 day simple moving average is $23.07.

GameStop (NYSE:GME - Get Free Report) last issued its quarterly earnings data on Tuesday, March 24th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.12. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.47 billion. GameStop had a return on equity of 12.47% and a net margin of 11.53%. Equities research analysts expect that GameStop Corp. will post 0.08 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Marshall Wace LLP lifted its holdings in shares of GameStop by 347.7% in the 2nd quarter. Marshall Wace LLP now owns 6,657,678 shares of the company's stock worth $162,381,000 after buying an additional 5,170,741 shares during the period. Invesco Ltd. increased its stake in shares of GameStop by 486.6% during the second quarter. Invesco Ltd. now owns 3,858,024 shares of the company's stock valued at $94,097,000 after buying an additional 3,200,321 shares during the period. Norges Bank purchased a new position in shares of GameStop during the second quarter valued at $76,701,000. Clear Street LLC bought a new stake in shares of GameStop in the second quarter valued at about $57,433,000. Finally, Van ECK Associates Corp raised its holdings in shares of GameStop by 58.3% in the third quarter. Van ECK Associates Corp now owns 3,098,538 shares of the company's stock valued at $84,528,000 after acquiring an additional 1,141,215 shares in the last quarter. 29.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Weiss Ratings upgraded GameStop from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Monday, February 2nd. Wall Street Zen cut shares of GameStop from a "hold" rating to a "sell" rating in a research report on Saturday, March 28th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Reduce" and an average price target of $13.50.

GameStop Company Profile

GameStop Corp. NYSE: GME is a global specialty retailer focused on video games, gaming consoles, consumer electronics and related accessories. The company operates a network of physical retail stores alongside an e-commerce platform, offering new and pre-owned products spanning the latest game software, hardware, collectibles and lifestyle merchandise. GameStop's retail footprint is complemented by digital marketplaces for trade-ins and online purchases, as well as a membership program that provides exclusive content and rewards.

Originally founded in 1984 as Babbage's in Dallas, Texas, the company adopted the GameStop name in 1999 following its merger with Software Etc.

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