GameSquare (NASDAQ:GAME) Stock Price Down 1.6% – Time to Sell?

GameSquare Holdings, Inc. (NASDAQ:GAME) shares dropped 1.6% on Monday . The stock traded as low as $0.2972 and last traded at $0.3067. Approximately 562,506 shares changed hands during trading, a decline of 48% from the average daily volume of 1,071,954 shares. The stock had previously closed at $0.3117.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of GameSquare in a research note on Thursday, January 22nd. Wall Street Zen downgraded GameSquare from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

GameSquare Stock Performance

The firm has a market cap of $30.17 million, a P/E ratio of -0.29 and a beta of 0.77. The business’s 50-day simple moving average is $0.44 and its 200 day simple moving average is $0.62.

GameSquare (NASDAQ:GAME) last released its quarterly earnings results on Thursday, November 13th. The entertainment company reported ($0.03) earnings per share for the quarter, meeting the consensus estimate of ($0.03). GameSquare had a negative return on equity of 168.15% and a negative net margin of 49.30%.The firm had revenue of $11.31 million for the quarter, compared to analysts’ expectations of $26.80 million.

Institutional Investors Weigh In On GameSquare

Hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC lifted its stake in shares of GameSquare by 16.6% in the 4th quarter. Geode Capital Management LLC now owns 970,853 shares of the entertainment company’s stock worth $374,000 after purchasing an additional 138,361 shares during the period. Polar Asset Management Partners Inc. purchased a new stake in GameSquare during the third quarter valued at approximately $1,358,000. B Group Inc. bought a new position in GameSquare in the third quarter worth approximately $170,000. UBS Group AG boosted its stake in shares of GameSquare by 275,329.0% during the 3rd quarter. UBS Group AG now owns 1,669,100 shares of the entertainment company’s stock worth $1,133,000 after acquiring an additional 1,668,494 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of GameSquare by 353.8% during the 3rd quarter. Vanguard Group Inc. now owns 4,282,748 shares of the entertainment company’s stock worth $2,908,000 after acquiring an additional 3,339,080 shares during the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.

About GameSquare

GameSquare Inc (NASDAQ: GAME) is a digital media and marketing company focused on the global gaming and esports industries. The company operates a network of online properties and community platforms that deliver editorial content, live event coverage, and video programming to enthusiasts and consumers. GameSquare’s offerings span both traditional gaming titles and competitive esports leagues, enabling advertisers and brand partners to engage with a diverse and highly engaged audience.

Through its flagship Enthusiast Gaming network, GameSquare oversees a portfolio of more than 35 websites and digital channels, including long-standing properties such as Destructoid, The Escapist and Daily Esports.