GameSquare (NASDAQ:GAME) Posts Earnings Results, Beats Expectations By $0.14 EPS

GameSquare (NASDAQ:GAME) posted its quarterly earnings data on Monday. The entertainment company reported $0.11 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.14, Zacks reports. GameSquare had a negative net margin of 87.56% and a negative return on equity of 42.48%.

GameSquare Stock Performance

GameSquare stock traded up $0.03 during mid-day trading on Monday, reaching $0.39. The company’s stock had a trading volume of 6,628,293 shares, compared to its average volume of 3,944,487. The company has a market capitalization of $39.91 million, a price-to-earnings ratio of -0.66 and a beta of 1.56. GameSquare has a 12 month low of $0.23 and a 12 month high of $1.09. The business’s 50 day simple moving average is $0.38 and its 200 day simple moving average is $0.37.

Insider Activity at GameSquare

In related news, insider & Silver Ventures Ltd. Blue acquired 620,100 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was bought at an average price of $0.43 per share, for a total transaction of $266,643.00. Following the acquisition, the insider directly owned 5,853,274 shares of the company’s stock, valued at approximately $2,516,907.82. The trade was a 11.85% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 6.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. XTX Topco Ltd acquired a new position in shares of GameSquare during the 2nd quarter worth approximately $38,000. Virtu Financial LLC increased its holdings in GameSquare by 167.6% during the fourth quarter. Virtu Financial LLC now owns 200,255 shares of the entertainment company’s stock worth $77,000 after buying an additional 125,428 shares during the last quarter. Jane Street Group LLC bought a new stake in GameSquare during the fourth quarter worth $153,000. Geode Capital Management LLC lifted its stake in GameSquare by 23.9% in the second quarter. Geode Capital Management LLC now owns 213,914 shares of the entertainment company’s stock valued at $186,000 after acquiring an additional 41,196 shares during the last quarter. Finally, UBS Group AG grew its position in shares of GameSquare by 275,329.0% in 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. 64.25% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on GAME shares. ThinkEquity assumed coverage on GameSquare in a report on Monday, June 8th. They set a “buy” rating for the company. Zacks Research upgraded GameSquare from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. Wall Street Zen raised GameSquare to a “hold” rating in a research report on Saturday, April 25th. Finally, Weiss Ratings raised GameSquare from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 9th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, GameSquare presently has a consensus rating of “Hold”.

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.