GameSquare (NASDAQ:GAME) Director Purchases $50,081.72 in Stock

GameSquare Holdings, Inc. (NASDAQ:GAME) Director Jeremi Gorman bought 65,897 shares of the business’s stock in a transaction on Friday, September 19th. The shares were acquired at an average price of $0.76 per share, with a total value of $50,081.72. Following the completion of the purchase, the director directly owned 65,897 shares of the company’s stock, valued at approximately $50,081.72. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

GameSquare Price Performance

NASDAQ GAME opened at $0.60 on Monday. The business has a fifty day moving average price of $0.33 and a two-hundred day moving average price of $0.44. GameSquare Holdings, Inc. has a fifty-two week low of $0.24 and a fifty-two week high of $2.87. The stock has a market capitalization of $57.17 million, a PE ratio of -1.09 and a beta of 0.82.

GameSquare (NASDAQ:GAME) last released its earnings results on Wednesday, April 8th. The entertainment company reported ($0.04) earnings per share for the quarter. GameSquare had a negative return on equity of 54.32% and a negative net margin of 60.09%.The business had revenue of $18.46 million for the quarter. As a group, sell-side analysts expect that GameSquare Holdings, Inc. will post -0.1 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on GAME. Wall Street Zen upgraded GameSquare to a “hold” rating in a research note on Saturday. Zacks Research cut GameSquare from a “hold” rating to a “strong sell” rating in a research note on Friday, April 10th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of GameSquare in a research note on Tuesday, April 21st. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of GameSquare by 353.8% in the 3rd quarter. Vanguard Group Inc. now owns 4,282,748 shares of the entertainment company’s stock valued at $2,908,000 after acquiring an additional 3,339,080 shares during the last quarter. Polar Asset Management Partners Inc. bought a new position in GameSquare during the 3rd quarter worth $1,358,000. UBS Group AG raised its position in 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 purchasing an additional 1,668,494 shares during the last quarter. Geode Capital Management LLC raised its position in GameSquare by 16.6% during 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 last quarter. Finally, Jane Street Group LLC bought a new position in GameSquare during the 4th quarter worth $153,000. 64.25% of the stock is currently owned by institutional investors.

GameSquare Company Profile

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.