GameSquare (NASDAQ:GAME) Trading Down 0.7% – Here’s Why

GameSquare Holdings, Inc. (NASDAQ:GAME) shares fell 0.7% during mid-day trading on Tuesday . The company traded as low as $0.2857 and last traded at $0.3047. 999,800 shares were traded during trading, a decline of 14% from the average session volume of 1,165,198 shares. The stock had previously closed at $0.3070.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of GameSquare in a research note on Thursday, January 22nd. Wall Street Zen lowered GameSquare from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

GameSquare Trading Down 0.7%

The firm has a market cap of $29.98 million, a PE ratio of -0.29 and a beta of 0.79. The firm has a fifty day simple moving average of $0.38 and a two-hundred day simple moving average of $0.55.

Institutional Investors Weigh In On GameSquare

Several institutional investors and hedge funds have recently modified their holdings of the stock. XTX Topco Ltd bought a new stake in GameSquare during the 2nd quarter valued at approximately $38,000. Virtu Financial LLC boosted its holdings in shares of GameSquare by 167.6% during the 4th quarter. Virtu Financial LLC now owns 200,255 shares of the entertainment company’s stock valued at $77,000 after buying an additional 125,428 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of GameSquare in the 4th quarter worth about $153,000. B Group Inc. bought a new position in shares of GameSquare in the 3rd quarter worth about $170,000. Finally, Geode Capital Management LLC increased its stake in shares of GameSquare by 23.9% in the 2nd quarter. Geode Capital Management LLC now owns 213,914 shares of the entertainment company’s stock worth $186,000 after acquiring an additional 41,196 shares in the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

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.