GameStop (NYSE:GME) Stock: Insider Nat Turner Acquires 10,462 Shares

Key Points

• GameStop director Nat Turner purchased 10,462 shares at an average price of $24.33, investing approximately $254,540. The transaction was disclosed in an SEC filing.
• GME shares fell 2.1% to $24.14 during Thursday trading, while institutional investors owned 29.21% of the company and several major funds recently increased their positions.
• Fundamental and analyst concerns remain: quarterly revenue declined 18.7% year over year, earnings met estimates, and the consensus analyst rating is “Hold,” despite continued insider buying.

GameStop Corp. (NYSE:GME - Get Free Report) Director Nat Turner acquired 10,462 shares of the firm's stock in a transaction dated Thursday, October 1st. The stock was bought at an average price of $24.33 per share, for a total transaction of $254,540.46. Following the acquisition, the director owned 10,462 shares of the company's stock, valued at approximately $254,540.46. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

GameStop Trading Down 2.1%

GME stock traded down $0.51 during midday trading on Thursday, hitting $24.14. The company had a trading volume of 10,636,888 shares, compared to its average volume of 9,627,954. The stock's 50 day moving average price is $20.42 and its 200 day moving average price is $21.89. GameStop Corp. has a 52 week low of $17.79 and a 52 week high of $28.10. The company has a current ratio of 8.72, a quick ratio of 8.07 and a debt-to-equity ratio of 0.68. The stock has a market cap of $12.18 billion, a price-to-earnings ratio of 15.88 and a beta of 1.62.

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 the consensus estimate of $0.27. The business had revenue of $790.20 million during the quarter, compared to analysts' expectations of $756.85 million. GameStop had a net margin of 25.16% and a return on equity of 13.57%. The firm's revenue for the quarter was down 18.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.31 EPS.

Institutional Trading of GameStop

Several large investors have recently bought and sold shares of GME. Geode Capital Management LLC lifted its stake in shares of GameStop by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 7,340,631 shares of the company's stock valued at $147,431,000 after purchasing an additional 92,996 shares during the period. Dimensional Fund Advisors LP grew its stake 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 purchasing an additional 2,557,079 shares during the period. Renaissance Technologies LLC raised its holdings in GameStop by 376.2% in the first quarter. Renaissance Technologies LLC now owns 2,650,303 shares of the company's stock worth $61,063,000 after purchasing an additional 2,093,755 shares in the last quarter. Pacer Advisors Inc. raised its holdings in GameStop by 19.3% in 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 in the last quarter. Finally, Principal Financial Group Inc. lifted its position in GameStop by 3.8% during the first quarter. Principal Financial Group Inc. now owns 919,960 shares of the company's stock valued at $21,196,000 after buying an additional 33,553 shares during the period. 29.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on GME shares. Wall Street Zen cut shares of GameStop from a "buy" rating to a "hold" rating in a report on Monday, September 7th. Weiss Ratings restated a "hold (c)" rating on shares of GameStop in a report on Wednesday, July 29th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of "Hold".

Trending Headlines about GameStop

Here are the key news stories impacting GameStop this week:

• Positive Sentiment: Ryan Cohen bought another 450,000 GameStop shares for approximately $10.6 million. The purchase was made at an average of $23.48 per share and increased his direct ownership to roughly 40.95 million shares. It follows purchases of 1 million shares on September 10 and 1.15 million shares on September 21, bringing his September buying to about 2.6 million shares worth approximately $57.3 million. The repeated open-market purchases signal confidence from senior leadership and have helped support recent gains in GME. GameStop insider purchase report
• Positive Sentiment: Other GameStop directors reportedly followed Cohen with purchases. Buying shares at progressively higher prices strengthens the insider-alignment narrative and suggests that several company insiders view the stock as attractive despite its volatility. Ryan Cohen and director purchases
• Neutral Sentiment: Institutional activity provides some additional support. Several funds initiated or increased GameStop positions during the second quarter, although institutional ownership remains a minority of the shares outstanding. The stock is also trading above its 50-day and 200-day moving averages, reflecting improved recent momentum.
• Negative Sentiment: Fundamental concerns remain unresolved. GameStop’s latest quarterly revenue fell 18.7% year over year, and earnings matched estimates rather than exceeded them. The company is still navigating an operational transition, while the consensus analyst rating remains “Hold”; one rating service recently downgraded the shares. The insider-buying thesis could be challenged if revenue declines continue or the company fails to produce sustainable growth.

About GameStop

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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