Insider Buying: GameSquare (NASDAQ:GAME) Insider Purchases $250,687.80 in Stock

GameSquare Holdings, Inc. (NASDAQ:GAME) insider & Silver Ventures Ltd. Blue acquired 417,813 shares of the company’s stock in a transaction on Friday, April 24th. The stock was acquired at an average cost of $0.60 per share, for a total transaction of $250,687.80. Following the completion of the purchase, the insider directly owned 3,777,184 shares of the company’s stock, valued at approximately $2,266,310.40. This represents a 12.44% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Wednesday, April 22nd, & Silver Ventures Ltd. Blue purchased 809,109 shares of GameSquare stock. The shares were purchased at an average cost of $0.58 per share, for a total transaction of $469,283.22.
• On Monday, April 27th, & Silver Ventures Ltd. Blue purchased 84,552 shares of GameSquare stock. The shares were purchased at an average cost of $0.60 per share, for a total transaction of $50,731.20.
• On Thursday, April 23rd, & Silver Ventures Ltd. Blue purchased 922,890 shares of GameSquare stock. The shares were purchased at an average cost of $0.60 per share, for a total transaction of $553,734.00.

GameSquare Price Performance

GAME opened at $0.59 on Thursday. The company’s 50-day moving average is $0.34 and its 200 day moving average is $0.44. GameSquare Holdings, Inc. has a fifty-two week low of $0.24 and a fifty-two week high of $2.87. The firm has a market capitalization of $56.87 million, a P/E ratio of -1.08 and a beta of 0.82.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its position 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 valued at $2,908,000 after acquiring an additional 3,339,080 shares during the period. Polar Asset Management Partners Inc. bought a new position in shares of GameSquare during the 3rd quarter valued at approximately $1,358,000. UBS Group AG grew its position 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 valued at $1,133,000 after acquiring an additional 1,668,494 shares during the period. Geode Capital Management LLC grew its position in shares of GameSquare by 16.6% during the 4th quarter. Geode Capital Management LLC now owns 970,853 shares of the entertainment company’s stock valued at $374,000 after acquiring an additional 138,361 shares during the period. Finally, Jane Street Group LLC bought a new position in shares of GameSquare during the 4th quarter valued at approximately $153,000. 64.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Wall Street Zen raised shares of GameSquare to a “hold” rating in a research report on Saturday, April 25th. Zacks Research lowered shares of GameSquare from a “hold” rating to a “strong sell” rating in a research report on Friday, April 10th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of GameSquare in a research report on Tuesday, April 21st. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, GameSquare has a consensus rating of “Sell”.

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.