GameStop Corp. (NYSE:GME) Insider Sells $79,345.80 in Stock

GameStop Corp. (NYSE:GME - Get Free Report) insider Daniel William Moore sold 7,779 shares of the stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $10.20, for a total transaction of $79,345.80. Following the sale, the insider now directly owns 13,606 shares in the company, valued at $138,781.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Daniel William Moore also recently made the following trade(s):

• On Monday, April 8th, Daniel William Moore sold 526 shares of GameStop stock. The stock was sold at an average price of $11.25, for a total transaction of $5,917.50.
• On Tuesday, April 2nd, Daniel William Moore sold 1,052 shares of GameStop stock. The stock was sold at an average price of $11.61, for a total transaction of $12,213.72.

GameStop Price Performance

GME traded up $0.69 on Friday, reaching $11.90. The company had a trading volume of 7,658,486 shares, compared to its average volume of 3,848,102. The company has a fifty day moving average of $12.88 and a 200-day moving average of $14.09. The company has a market capitalization of $3.64 billion, a P/E ratio of 599.30 and a beta of -0.45. The company has a current ratio of 2.11, a quick ratio of 1.44 and a debt-to-equity ratio of 0.01. GameStop Corp. has a one year low of $9.95 and a one year high of $27.65.

GameStop (NYSE:GME - Get Free Report) last announced its earnings results on Tuesday, March 26th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($0.07). The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $2.05 billion. GameStop had a net margin of 0.13% and a return on equity of 1.35%. The business's quarterly revenue was down 19.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.16 EPS. As a group, equities research analysts anticipate that GameStop Corp. will post 0.01 earnings per share for the current year.

Hedge Funds Weigh In On GameStop

Several large investors have recently made changes to their positions in the business. Xponance Inc. boosted its position in shares of GameStop by 2.7% during the 3rd quarter. Xponance Inc. now owns 32,094 shares of the company's stock valued at $528,000 after purchasing an additional 854 shares in the last quarter. Rafferty Asset Management LLC boosted its position in shares of GameStop by 3.9% during the 3rd quarter. Rafferty Asset Management LLC now owns 25,543 shares of the company's stock valued at $420,000 after purchasing an additional 957 shares in the last quarter. Treasurer of the State of North Carolina boosted its position in shares of GameStop by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 118,788 shares of the company's stock valued at $2,082,000 after purchasing an additional 1,160 shares in the last quarter. IFP Advisors Inc boosted its position in shares of 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 in the last quarter. Finally, Federated Hermes Inc. boosted its position in shares of GameStop by 3.8% during the 3rd quarter. Federated Hermes Inc. now owns 36,902 shares of the company's stock valued at $607,000 after purchasing an additional 1,363 shares in the last quarter. Institutional investors own 29.21% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on GME shares. Wedbush lowered their price target on shares of GameStop from $6.00 to $5.60 and set an "underperform" rating for the company in a research report on Wednesday, March 27th. StockNews.com upgraded shares of GameStop from a "sell" rating to a "hold" rating in a research report on Wednesday, March 27th.

GameStop Company Profile

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.