Insider Buying: GameSquare (NASDAQ:GAME) Insider Buys 809,109 Shares of Stock

Key Points

• Insider buying: & Silver Ventures Ltd. Blue purchased 809,109 shares on April 22 at $0.58 (≈$469,283), boosting its direct stake to 2,436,481 shares (a 49.72% increase) and made additional buys on April 23–27 at about $0.60 per share.
• Company fundamentals and sentiment: GameSquare reported negative quarterly EPS (‑$0.04), a net margin of ‑60.09% and ROE of ‑54.32%, has a market cap of roughly $53.3M, and carries an average analyst rating of "Sell."

GameSquare Holdings, Inc. (NASDAQ:GAME - Get Free Report) insider & Silver Ventures Ltd. Blue purchased 809,109 shares of the business's stock in a transaction dated Wednesday, April 22nd. The shares were acquired at an average price of $0.58 per share, for a total transaction of $469,283.22. Following the acquisition, the insider directly owned 2,436,481 shares in the company, valued at $1,413,158.98. This represents a 49.72% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

& Silver Ventures Ltd. Blue also recently made the following trade(s):

• On Monday, April 27th, & Silver Ventures Ltd. Blue purchased 84,552 shares of GameSquare stock. The shares were acquired at an average price of $0.60 per share, for a total transaction of $50,731.20.
• On Friday, April 24th, & Silver Ventures Ltd. Blue bought 417,813 shares of GameSquare stock. The stock was purchased at an average price of $0.60 per share, for a total transaction of $250,687.80.
• On Thursday, April 23rd, & Silver Ventures Ltd. Blue bought 922,890 shares of GameSquare stock. The stock was purchased at an average price of $0.60 per share, for a total transaction of $553,734.00.

GameSquare Price Performance

Shares of GAME opened at $0.56 on Tuesday. The company has a market capitalization of $53.25 million, a PE ratio of -1.01 and a beta of 0.82. GameSquare Holdings, Inc. has a one year low of $0.24 and a one year high of $2.87. The company's fifty day moving average price is $0.33 and its 200 day moving average price is $0.44.

GameSquare (NASDAQ:GAME - Get Free Report) last announced its earnings results on Wednesday, April 8th. The entertainment company reported ($0.04) EPS for the quarter. The firm had revenue of $18.46 million during the quarter. GameSquare had a negative return on equity of 54.32% and a negative net margin of 60.09%. Analysts anticipate that GameSquare Holdings, Inc. will post -0.1 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC increased its holdings in shares of GameSquare by 167.6% during the 4th quarter. Virtu Financial LLC now owns 200,255 shares of the entertainment company's stock worth $77,000 after purchasing an additional 125,428 shares during the period. XTX Topco Ltd increased its holdings in shares of GameSquare by 47.3% during the 4th quarter. XTX Topco Ltd now owns 166,692 shares of the entertainment company's stock worth $64,000 after purchasing an additional 53,489 shares during the period. Jane Street Group LLC bought a new position in shares of GameSquare during the 4th quarter worth about $153,000. Geode Capital Management LLC increased its holdings in shares of GameSquare by 16.6% during the 4th quarter. Geode Capital Management LLC now owns 970,853 shares of the entertainment company's stock worth $374,000 after purchasing an additional 138,361 shares during the period. Finally, Polar Asset Management Partners Inc. bought a new position in shares of GameSquare during the 3rd quarter worth about $1,358,000. Institutional investors own 64.25% of the company's stock.

Analyst Upgrades and Downgrades

GAME has been the topic of several recent analyst reports. Zacks Research downgraded shares of GameSquare from a "hold" rating to a "strong sell" rating in a report on Friday, April 10th. Weiss Ratings reiterated a "sell (e+)" rating on shares of GameSquare in a report on Tuesday, April 21st. Finally, Wall Street Zen upgraded shares of GameSquare to a "hold" rating in a report on Saturday. Two investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat, GameSquare has an average rating of "Sell".

GameSquare Company Profile

GameSquare Inc NASDAQ: GAME is a digital media and marketing company focused on the global gaming and esports industries. The company operates a network of online properties and community platforms that deliver editorial content, live event coverage, and video programming to enthusiasts and consumers. GameSquare's offerings span both traditional gaming titles and competitive esports leagues, enabling advertisers and brand partners to engage with a diverse and highly engaged audience.

Through its flagship Enthusiast Gaming network, GameSquare oversees a portfolio of more than 35 websites and digital channels, including long-standing properties such as Destructoid, The Escapist and Daily Esports.

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