GameStop (NYSE:GME) Shares Down 25.2%

GameStop Corp. (NYSE:GME - Get Free Report) was down 25.2% during trading on Friday . The company traded as low as $20.14 and last traded at $20.70. Approximately 44,438,151 shares changed hands during trading, an increase of 265% from the average daily volume of 12,164,812 shares. The stock had previously closed at $27.67.

Analyst Ratings Changes

Several research firms recently issued reports on GME. StockNews.com raised shares of GameStop from a "sell" rating to a "hold" rating in a research report on Wednesday, March 27th. Wedbush increased their price target on shares of GameStop from $5.60 to $7.00 and gave the stock an "underperform" rating in a research note on Friday.

GameStop Trading Down 19.7 %

The company has a market capitalization of $6.81 billion, a PE ratio of 1,112.06 and a beta of -0.25. 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 business has a fifty day moving average price of $14.71 and a 200 day moving average price of $14.72.

GameStop (NYSE:GME - Get Free Report) last posted its quarterly earnings results on Tuesday, March 26th. The company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.07). GameStop had a net margin of 0.13% and a return on equity of 1.35%. The business 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 business posted $0.16 EPS. The company's quarterly revenue was down 19.4% on a year-over-year basis. Analysts expect that GameStop Corp. will post 0.01 EPS for the current fiscal year.

Insider Transactions at GameStop

In other news, General Counsel Mark Haymond Robinson sold 4,379 shares of GameStop stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $11.61, for a total transaction of $50,840.19. Following the sale, the general counsel now owns 64,308 shares in the company, valued at $746,615.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other GameStop news, General Counsel Mark Haymond Robinson sold 4,379 shares of the company's stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $11.61, for a total value of $50,840.19. Following the completion of the transaction, the general counsel now directly owns 64,308 shares of the company's stock, valued at approximately $746,615.88. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Daniel William Moore sold 7,779 shares of GameStop 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 directly owns 13,606 shares in the company, valued at $138,781.20. The disclosure for this sale can be found here. Insiders sold 27,421 shares of company stock valued at $288,153 over the last quarter. Company insiders own 12.28% of the company's stock.

Hedge Funds Weigh In On GameStop

Institutional investors and hedge funds have recently made changes to their positions in the business. Tidal Investments LLC lifted its position in shares of GameStop by 659.6% during the first quarter. Tidal Investments LLC now owns 139,723 shares of the company's stock worth $1,749,000 after purchasing an additional 121,328 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in GameStop by 3.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 180,643 shares of the company's stock valued at $2,262,000 after buying an additional 6,072 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in GameStop during the first quarter valued at approximately $154,000. CANADA LIFE ASSURANCE Co lifted its holdings in GameStop by 2.9% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 194,764 shares of the company's stock worth $2,438,000 after buying an additional 5,411 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System grew its position in shares of GameStop by 2.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 304,884 shares of the company's stock worth $3,817,000 after acquiring an additional 8,437 shares in the last quarter. 29.21% of the stock is currently owned by hedge funds and other institutional investors.

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.