GameStop (NYSE:GME) Stock: Insider Daniel William Moore Sells 7,297 Shares

Key Points

• Insider sale: Daniel William Moore sold 7,297 GameStop shares at an average price of $24.26, totaling $177,025.22. He retained 107,828 shares, reducing his ownership by 6.34%.
• Stock performance: GME traded at $25.35, with a market capitalization of $12.79 billion. The stock’s 52-week range was $17.79 to $26.88, and its 50-day moving average was $20.56.
• Financials and analyst view: GameStop matched quarterly EPS expectations at $0.27 and exceeded revenue estimates with $790.2 million, although revenue fell 18.7% year over year. Analysts maintained an overall “Hold” rating.

GameStop Corp. (NYSE:GME - Get Free Report) insider Daniel Moore sold 7,297 shares of the firm's stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $24.26, for a total transaction of $177,025.22. Following the completion of the transaction, the insider directly owned 107,828 shares of the company's stock, valued at approximately $2,615,907.28. The trade was a 6.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

GameStop Price Performance

Shares of GME traded up $0.65 during mid-day trading on Monday, reaching $25.35. 11,927,161 shares of the stock traded hands, compared to its average volume of 10,119,756. The firm has a fifty day moving average price of $20.56 and a 200 day moving average price of $21.91. The company has a market cap of $12.79 billion, a price-to-earnings ratio of 16.68 and a beta of 1.63. The company has a current ratio of 8.72, a quick ratio of 8.07 and a debt-to-equity ratio of 0.68. GameStop Corp. has a 1 year low of $17.79 and a 1 year high of $26.88.

GameStop (NYSE:GME - Get Free Report) last issued its quarterly earnings data on Tuesday, September 8th. The company reported $0.27 earnings per share (EPS) 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 return on equity of 13.57% and a net margin of 25.16%.The firm's revenue was down 18.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.31 earnings per share.

Institutional Trading of GameStop

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its position in GameStop by 189.1% in the first quarter. Dimensional Fund Advisors LP now owns 3,909,284 shares of the company's stock worth $90,046,000 after acquiring an additional 2,557,079 shares in the last quarter. Renaissance Technologies LLC raised its position in GameStop by 376.2% during the first quarter. Renaissance Technologies LLC now owns 2,650,303 shares of the company's stock valued at $61,063,000 after purchasing an additional 2,093,755 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in GameStop during the second quarter valued at about $5,111,000. Pacer Advisors Inc. lifted its stake in GameStop by 19.3% during the fourth quarter. Pacer Advisors Inc. now owns 1,112,535 shares of the company's stock worth $22,340,000 after purchasing an additional 180,356 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in GameStop by 412.7% during the first quarter. First Trust Advisors LP now owns 208,650 shares of the company's stock worth $4,807,000 after purchasing an additional 167,956 shares during the last quarter. Hedge funds and other institutional investors own 29.21% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on GME. Weiss Ratings reaffirmed a "hold (c)" rating on shares of GameStop in a report on Wednesday, July 29th. Wall Street Zen lowered 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 data from MarketBeat.com, the company presently has an average rating of "Hold".

GameStop Company Profile

GameStop Corp. is a multichannel retailer focused on video game products and related entertainment merchandise. The company sells new and pre-owned video game hardware, software, accessories and consumer electronics through its retail stores and e-commerce websites. Its product offerings include gaming consoles, controllers, headsets, games and other equipment for major platforms.

GameStop also sells collectibles, apparel, toys, trading cards and other products connected to video games and popular culture.

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