GameSquare (NASDAQ:GAME) Insider & Silver Ventures Ltd. Blue Purchases 922,890 Shares

GameSquare Holdings, Inc. (NASDAQ:GAME) insider & Silver Ventures Ltd. Blue bought 922,890 shares of the firm’s stock in a transaction that occurred on Thursday, April 23rd. The shares were purchased at an average cost of $0.60 per share, for a total transaction of $553,734.00. Following the purchase, the insider owned 3,359,371 shares in the company, valued at $2,015,622.60. This represents a 37.88% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

& Silver Ventures Ltd. Blue also recently made the following trade(s):

• On Monday, April 27th, & Silver Ventures Ltd. Blue bought 84,552 shares of GameSquare stock. The stock was purchased at an average cost of $0.60 per share, with a total value of $50,731.20.
• On Friday, April 24th, & Silver Ventures Ltd. Blue purchased 417,813 shares of GameSquare stock. The shares were acquired at an average cost of $0.60 per share, for a total transaction of $250,687.80.

GameSquare Stock Performance

Shares of GAME opened at $0.56 on Tuesday. The company’s 50-day simple moving average is $0.33 and its 200-day simple moving average is $0.44. GameSquare Holdings, Inc. has a 1 year low of $0.24 and a 1 year high of $2.87. The stock has a market capitalization of $53.25 million, a PE ratio of -1.01 and a beta of 0.82.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of GameSquare in a research report on Tuesday, April 21st. Wall Street Zen raised GameSquare to a “hold” rating in a research note on Saturday. Finally, Zacks Research downgraded GameSquare from a “hold” rating to a “strong sell” rating in a report on Friday, April 10th. Two research analysts have rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC increased its position in shares of GameSquare by 167.6% in the 4th quarter. Virtu Financial LLC now owns 200,255 shares of the entertainment company’s stock valued at $77,000 after purchasing an additional 125,428 shares during the last quarter. XTX Topco Ltd lifted its position in shares of GameSquare by 47.3% during the 4th quarter. XTX Topco Ltd now owns 166,692 shares of the entertainment company’s stock worth $64,000 after purchasing an additional 53,489 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of GameSquare during the 4th quarter worth $153,000. Geode Capital Management LLC grew its stake in shares of GameSquare by 16.6% during the fourth 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 in the last quarter. Finally, Polar Asset Management Partners Inc. acquired a new position in shares of GameSquare during the third quarter worth $1,358,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

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.