GameStop (NYSE:GME) Stock Price Up 4.4%

Shares of GameStop Corp. (NYSE:GME - Get Free Report) traded up 4.4% on Wednesday . The company traded as high as $10.64 and last traded at $10.61. 1,969,949 shares traded hands during mid-day trading, a decline of 47% from the average session volume of 3,748,433 shares. The stock had previously closed at $10.16.

Analyst Upgrades and Downgrades

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

GameStop Stock Up 7.5 %

The company has a current ratio of 2.11, a quick ratio of 1.44 and a debt-to-equity ratio of 0.01. The firm has a market cap of $3.34 billion, a P/E ratio of 546.50 and a beta of -0.45. The business has a 50-day moving average price of $13.02 and a 200-day moving average price of $14.13.

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 the consensus estimate of $0.29 by ($0.07). The company had revenue of $1.79 billion for 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 firm's revenue was down 19.4% compared to the same quarter last year. During the same period last year, the business posted $0.16 EPS. On average, equities analysts forecast that GameStop Corp. will post 0.01 EPS for the current fiscal year.

Insider Buying and Selling at GameStop

In other GameStop news, General Counsel Mark Haymond Robinson sold 4,379 shares of GameStop stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $11.61, for a total transaction of $50,840.19. Following the completion of the sale, the general counsel now owns 64,308 shares of the company's stock, valued at approximately $746,615.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other GameStop news, General Counsel Mark Haymond Robinson sold 4,379 shares of GameStop stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $11.61, for a total transaction of $50,840.19. Following the completion of the transaction, the general counsel now owns 64,308 shares in the company, valued at approximately $746,615.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lawrence Cheng acquired 10,000 shares of the business's stock in a transaction on Monday, April 8th. The stock was purchased at an average cost of $11.22 per share, with a total value of $112,200.00. Following the acquisition, the director now directly owns 65,088 shares of the company's stock, valued at approximately $730,287.36. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 5,957 shares of company stock worth $68,971. 12.64% of the stock is owned by corporate insiders.

Institutional Trading of GameStop

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System lifted its position in GameStop by 2.5% in the first quarter. Louisiana State Employees Retirement System now owns 77,300 shares of the company's stock valued at $968,000 after acquiring an additional 1,900 shares during the last quarter. Revisor Wealth Management LLC purchased a new stake in shares of GameStop in the first quarter valued at approximately $236,000. State of Michigan Retirement System lifted its holdings in GameStop by 2.5% in the first quarter. State of Michigan Retirement System now owns 66,000 shares of the company's stock valued at $826,000 after acquiring an additional 1,600 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of GameStop by 21.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 12,025 shares of the company's stock worth $211,000 after purchasing an additional 2,105 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of GameStop by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 25,450,256 shares of the company's stock worth $446,143,000 after purchasing an additional 167,145 shares during the period. Hedge funds and other institutional investors own 29.21% of the company's stock.

About GameStop

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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