GameStop Corp. (NYSE:GME - Get Free Report) insider Daniel William Moore sold 1,052 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $11.61, for a total value of $12,213.72. Following the completion of the transaction, the insider now directly owns 21,911 shares of the company's stock, valued at approximately $254,386.71. The sale was disclosed in a filing with the SEC, which is accessible through this link.
GameStop Stock Up 0.9 %
Shares of GameStop stock traded up $0.11 during midday trading on Wednesday, hitting $11.39. The company had a trading volume of 4,321,721 shares, compared to its average volume of 3,839,076. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.44 and a current ratio of 2.11. The stock has a market capitalization of $3.48 billion, a P/E ratio of 569.53 and a beta of -0.45. The company has a 50 day moving average of $14.06 and a 200 day moving average of $14.71. GameStop Corp. has a 52-week low of $10.90 and a 52-week high of $27.65.
GameStop (NYSE:GME - Get Free Report) last posted its quarterly earnings results on Tuesday, March 26th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.07). GameStop had a return on equity of 1.35% and a net margin of 0.13%. The company had revenue of $1.79 billion during the quarter, compared to analysts' expectations of $2.05 billion. During the same quarter in the previous year, the company earned $0.16 EPS. The business's quarterly revenue was down 19.4% on a year-over-year basis. On average, equities analysts predict that GameStop Corp. will post 0.01 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
GME has been the subject of several research reports. StockNews.com raised GameStop from a "sell" rating to a "hold" rating in a research report on Wednesday, March 27th. Wedbush decreased their target price on GameStop from $6.00 to $5.60 and set an "underperform" rating for the company in a research report on Wednesday, March 27th.
Read Our Latest Research Report on GME
Institutional Trading of GameStop
Institutional investors have recently added to or reduced their stakes in the business. C M Bidwell & Associates Ltd. purchased a new stake in GameStop during the 2nd quarter valued at $36,000. Covestor Ltd boosted its stake in GameStop by 323.2% during the 1st quarter. Covestor Ltd now owns 237 shares of the company's stock valued at $39,000 after purchasing an additional 181 shares during the last quarter. IFP Advisors Inc boosted its stake in GameStop by 99.7% during the 3rd quarter. IFP Advisors Inc now owns 2,708 shares of the company's stock valued at $45,000 after purchasing an additional 1,352 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of GameStop by 175.6% during the 3rd quarter. Fifth Third Bancorp now owns 2,855 shares of the company's stock valued at $47,000 after buying an additional 1,819 shares during the period. Finally, Canada Pension Plan Investment Board bought a new position in shares of GameStop during the 1st quarter valued at $50,000. 29.21% of the stock is currently owned by hedge funds and other institutional investors.
GameStop Company Profile
(
Get Free Report)
GameStop Corp., a specialty retailer, provides games and entertainment products through its stores and ecommerce platforms in the United States, Canada, Australia, and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, and virtual reality products; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads.
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