GameStop (NYSE:GME) Shares Up 10%

GameStop Corp. (NYSE:GME - Get Free Report) traded up 10% during trading on Friday . The company traded as high as $20.20 and last traded at $19.81. 10,666,307 shares traded hands during mid-day trading, an increase of 97% from the average session volume of 5,409,320 shares. The stock had previously closed at $18.01.

Wall Street Analysts Forecast Growth

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

GameStop Price Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 2.11 and a quick ratio of 1.44. The company has a market capitalization of $5.34 billion, a PE ratio of 990.50 and a beta of -0.25. The firm has a 50-day moving average of $12.94 and a 200 day moving average of $14.05.

GameStop (NYSE:GME - Get Free Report) last posted its quarterly earnings data on Tuesday, March 26th. The company reported $0.22 EPS for the quarter, missing the consensus estimate 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 return on equity of 1.35% and a net margin of 0.13%. The firm's quarterly revenue was down 19.4% compared to the same quarter last year. During the same period last year, the business earned $0.16 EPS. As a group, research analysts anticipate that GameStop Corp. will post 0.01 earnings per share for the current fiscal year.

Insider Transactions at GameStop

In related news, General Counsel Mark Haymond Robinson sold 13,471 shares of the firm's stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $10.15, for a total transaction of $136,730.65. Following the completion of the sale, the general counsel now directly owns 50,837 shares of the company's stock, valued at approximately $515,995.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Daniel William Moore sold 7,779 shares of the company's stock in a transaction dated Wednesday, April 24th. The stock was sold at an average price of $10.20, for a total value of $79,345.80. Following the sale, the insider now owns 13,606 shares in the company, valued at $138,781.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Mark Haymond Robinson sold 13,471 shares of the company's stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $10.15, for a total value of $136,730.65. Following the completion of the sale, the general counsel now owns 50,837 shares in the company, valued at approximately $515,995.55. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,421 shares of company stock worth $288,153. 12.28% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On GameStop

A number of hedge funds have recently made changes to their positions in GME. Fifth Third Bancorp lifted its holdings in shares of GameStop by 175.6% in the 3rd quarter. Fifth Third Bancorp now owns 2,855 shares of the company's stock worth $47,000 after acquiring an additional 1,819 shares during the last quarter. Headlands Technologies LLC purchased a new position in GameStop in the fourth quarter valued at $55,000. First United Bank & Trust purchased a new position in shares of GameStop during the fourth quarter worth about $70,000. Russell Investments Group Ltd. grew its holdings in shares of GameStop by 147.2% during the first quarter. Russell Investments Group Ltd. now owns 5,080 shares of the company's stock worth $65,000 after purchasing an additional 3,025 shares during the last quarter. Finally, Merit Financial Group LLC purchased a new position in shares of GameStop during the fourth quarter worth about $176,000. Institutional investors and hedge funds own 29.21% of the company's stock.

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.

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