Daniel William Moore Sells 7,779 Shares of GameStop Corp. (NYSE:GME) Stock

GameStop Corp. (NYSE:GME) insider Daniel William Moore sold 7,779 shares of GameStop stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of $10.20, for a total transaction of $79,345.80. Following the sale, the insider now owns 13,606 shares of the company’s stock, valued at $138,781.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, April 8th, Daniel William Moore sold 526 shares of GameStop stock. The shares were 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 shares were sold at an average price of $11.61, for a total value of $12,213.72.

GameStop Price Performance

Shares of NYSE:GME opened at $11.90 on Friday. The company has a quick ratio of 1.44, a current ratio of 2.11 and a debt-to-equity ratio of 0.01. The stock has a market cap of $3.64 billion, a PE ratio of 595.30 and a beta of -0.45. The company’s fifty day moving average is $12.84 and its 200 day moving average is $14.05. GameStop Corp. has a 52 week low of $9.95 and a 52 week high of $27.65.

GameStop (NYSE:GME) last posted its quarterly 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). GameStop had a return on equity of 1.35% and a net margin of 0.13%. The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $2.05 billion. During the same quarter in the previous year, the business earned $0.16 earnings per share. GameStop’s revenue was down 19.4% compared to the same quarter last year. Research analysts anticipate that GameStop Corp. will post 0.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

GME has been the subject of a number of research reports. Wedbush cut their price objective 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 GameStop from a “sell” rating to a “hold” rating in a research note on Wednesday, March 27th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in GME. IFP Advisors Inc boosted its position 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 buying an additional 1,352 shares during the period. Fifth Third Bancorp boosted its holdings in shares of GameStop by 175.6% during the third quarter. Fifth Third Bancorp now owns 2,855 shares of the company’s stock worth $47,000 after purchasing an additional 1,819 shares during the period. Headlands Technologies LLC bought a new stake in shares of GameStop in the fourth quarter worth about $55,000. First United Bank & Trust purchased a new position in GameStop during the 4th quarter valued at about $70,000. Finally, Exchange Traded Concepts LLC increased its holdings in GameStop by 278.9% during the 3rd quarter. Exchange Traded Concepts LLC now owns 6,567 shares of the company’s stock valued at $108,000 after purchasing an additional 4,834 shares during the period. 29.21% of the stock is 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.