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

Key Points

• GameStop director Alain Attal bought 17,500 shares at an average price of $22.97, investing $401,975 and increasing his stake by 2.91% to 618,964 shares. He also purchased $100,000 worth of shares earlier in the month.
• GameStop reported quarterly EPS of $0.27, in line with estimates, while revenue of $790.2 million exceeded expectations. However, revenue declined 18.7% year over year, highlighting ongoing turnaround challenges.
• GME was trading near $22.82, with analysts maintaining an average “Hold” rating. The stock’s outlook remains tied to profitability, cash reserves, insider buying and successful execution of its turnaround strategy.

GameStop Corp. (NYSE:GME - Get Free Report) Director Alain Attal bought 17,500 shares of the firm's stock in a transaction on 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 transaction, the director directly owned 618,964 shares in the company, valued at approximately $14,217,603.08. This represents a 2.91% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link.

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

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

GameStop Price Performance

GME traded up $0.18 during trading on Monday, reaching $22.82. 9,507,797 shares of the stock were exchanged, compared to its average volume of 7,674,533. The business's 50 day moving average price is $20.05 and its two-hundred day moving average price is $21.89. The company has a debt-to-equity ratio of 0.68, a current ratio of 8.72 and a quick ratio of 8.07. The company has a market capitalization of $11.51 billion, a price-to-earnings ratio of 15.01 and a beta of 1.72. GameStop Corp. has a 1 year low of $17.79 and a 1 year high of $28.10.

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on GME. Weiss Ratings reaffirmed a "hold (c)" rating on shares of GameStop in a report on Wednesday, July 29th. Wall Street Zen cut shares of GameStop from a "buy" rating to a "hold" rating in a research note on Monday, September 7th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of "Hold".

Hedge Funds Weigh In On GameStop

Several institutional investors and hedge funds have recently modified their holdings of the company. Rockefeller Capital Management L.P. raised its holdings in GameStop by 805.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,264 shares of the company's stock valued at $45,000 after acquiring an additional 2,014 shares during the last quarter. Jupiter Topco LLC acquired a new stake in shares of GameStop during the second quarter worth $51,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of GameStop in the fourth quarter valued at $54,000. Shenkman Capital Management Inc. purchased a new stake in shares of GameStop in the fourth quarter valued at $60,000. Finally, Global Assets Advisory LLC acquired a new position in GameStop in the first quarter valued at $60,000. Hedge funds and other institutional investors own 29.21% of the company's stock.

Key Stories Impacting GameStop

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.

GameStop Company Profile

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.

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