Daniel William Moore Sells 7,210 Shares of GameStop (NYSE:GME) Stock

GameStop Corp. (NYSE:GME) insider Daniel William Moore sold 7,210 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $22.94, for a total transaction of $165,397.40. Following the transaction, the insider directly owned 101,014 shares in the company, valued at approximately $2,317,261.16. The trade was a 6.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

GameStop Stock Up 0.1%

GME stock opened at $23.39 on Friday. The firm’s 50-day moving average is $23.76 and its two-hundred day moving average is $23.03. The company has a market capitalization of $10.49 billion, a price-to-earnings ratio of 31.18 and a beta of 1.86. GameStop Corp. has a 52 week low of $19.93 and a 52 week high of $35.81. The company has a current ratio of 15.30, a quick ratio of 14.68 and a debt-to-equity ratio of 0.76.

GameStop (NYSE:GME) last posted its quarterly earnings data on Tuesday, March 24th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.12. GameStop had a net margin of 11.53% and a return on equity of 12.47%. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.47 billion. On average, analysts forecast that GameStop Corp. will post 0.08 earnings per share for the current fiscal year.

Institutional Trading of GameStop

A number of large investors have recently added to or reduced their stakes in the business. State Street Corp increased its holdings in shares of GameStop by 0.8% in the fourth quarter. State Street Corp now owns 12,469,631 shares of the company’s stock valued at $250,390,000 after buying an additional 96,802 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of GameStop by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 7,340,631 shares of the company’s stock worth $147,431,000 after acquiring an additional 92,996 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of GameStop by 347.7% in the 2nd quarter. Marshall Wace LLP now owns 6,657,678 shares of the company’s stock worth $162,381,000 after acquiring an additional 5,170,741 shares during the last quarter. Invesco Ltd. grew its holdings in shares of GameStop by 5.5% in the 3rd quarter. Invesco Ltd. now owns 4,068,547 shares of the company’s stock worth $110,990,000 after acquiring an additional 210,523 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of GameStop by 1.1% during the third quarter. Northern Trust Corp now owns 3,250,275 shares of the company’s stock worth $88,668,000 after purchasing an additional 35,275 shares during the period. 29.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

GME has been the subject of several research analyst reports. Weiss Ratings upgraded GameStop from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, February 2nd. Wall Street Zen lowered GameStop from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $13.50.

GameStop Company Profile

GameStop Corp. (NYSE:GME) is a global specialty retailer focused on video games, gaming consoles, consumer electronics and related accessories. The company operates a network of physical retail stores alongside an e-commerce platform, offering new and pre-owned products spanning the latest game software, hardware, collectibles and lifestyle merchandise. GameStop’s retail footprint is complemented by digital marketplaces for trade-ins and online purchases, as well as a membership program that provides exclusive content and rewards.

Originally founded in 1984 as Babbage’s in Dallas, Texas, the company adopted the GameStop name in 1999 following its merger with Software Etc.