Jeremi Gorman Purchases 65,897 Shares of GameSquare (NASDAQ:GAME) Stock

Key Points

• Director Jeremi Gorman purchased 65,897 shares of GameSquare on Sept. 19 at an average price of $0.76 per share, a transaction totaling approximately $50,081.72 disclosed in an SEC filing.
• GAME traded near $0.60 (down ~2%), has a market cap of about $57.2M and negative EPS/net margins, and currently carries a consensus Sell rating while institutional ownership stands around 64.25% after large additions by Vanguard and UBS.

GameSquare Holdings, Inc. (NASDAQ:GAME - Get Free Report) Director Jeremi Gorman bought 65,897 shares of the stock in a transaction dated Friday, September 19th. The shares were purchased at an average cost of $0.76 per share, for a total transaction of $50,081.72. Following the completion of the purchase, the director owned 65,897 shares in the company, valued at approximately $50,081.72. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

GameSquare Stock Down 2.0%

Shares of GAME stock traded down $0.01 during mid-day trading on Friday, hitting $0.60. 3,083,811 shares of the stock were exchanged, compared to its average volume of 6,293,646. The firm has a fifty day moving average of $0.32 and a 200 day moving average of $0.45. GameSquare Holdings, Inc. has a 52-week low of $0.24 and a 52-week high of $2.87. The company has a market cap of $57.17 million, a PE ratio of -1.09 and a beta of 0.82.

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

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on GAME shares. Zacks Research downgraded shares of GameSquare from a "hold" rating to a "strong sell" rating in a research report on Friday, April 10th. Weiss Ratings restated a "sell (e+)" rating on shares of GameSquare in a research report on Tuesday. Two analysts have rated the stock with a Sell rating, According to MarketBeat, GameSquare presently has a consensus rating of "Sell".

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of GAME. Geode Capital Management LLC raised its position in shares of GameSquare by 23.9% during the 2nd quarter. Geode Capital Management LLC now owns 213,914 shares of the entertainment company's stock worth $186,000 after purchasing an additional 41,196 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of GameSquare during the 2nd quarter worth about $38,000. Vanguard Group Inc. raised its position in shares of GameSquare by 353.8% during the 3rd quarter. Vanguard Group Inc. now owns 4,282,748 shares of the entertainment company's stock worth $2,908,000 after purchasing an additional 3,339,080 shares during the last quarter. UBS Group AG raised its holdings in GameSquare by 275,329.0% in the 3rd quarter. UBS Group AG now owns 1,669,100 shares of the entertainment company's stock valued at $1,133,000 after acquiring an additional 1,668,494 shares during the last quarter. Finally, B Group Inc. acquired a new stake in GameSquare in the 3rd quarter valued at about $170,000. Institutional investors and hedge funds own 64.25% of the company's stock.

About GameSquare

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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