GameStop (NYSE:GME) General Counsel Mark Haymond Robinson Sells 7,209 Shares of Stock

GameStop Corp. (NYSE:GME) General Counsel Mark Haymond Robinson sold 7,209 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 value of $165,374.46. Following the transaction, the general counsel owned 97,946 shares in the company, valued at approximately $2,246,881.24. This trade represents a 6.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Mark Haymond Robinson also recently made the following trade(s):

• On Monday, January 12th, Mark Haymond Robinson sold 12,200 shares of GameStop stock. The stock was sold at an average price of $21.00, for a total value of $256,200.00.

GameStop Stock Performance

Shares of NYSE GME opened at $23.39 on Friday. The business’s 50-day simple moving average is $23.76 and its 200-day simple moving average is $23.05. The company has a debt-to-equity ratio of 0.76, a quick ratio of 14.68 and a current ratio of 15.30. GameStop Corp. has a 52 week low of $19.93 and a 52 week high of $35.81. The firm has a market cap of $10.49 billion, a price-to-earnings ratio of 31.18 and a beta of 1.86.

GameStop (NYSE:GME) last posted its earnings results on Tuesday, March 24th. The company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.12. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.47 billion. GameStop had a return on equity of 12.47% and a net margin of 11.53%. As a group, equities research analysts expect that GameStop Corp. will post 0.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on GME shares. Wall Street Zen lowered shares of GameStop from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. Weiss Ratings raised shares of GameStop from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, February 2nd. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, GameStop has an average rating of “Reduce” and an average target price of $13.50.

Hedge Funds Weigh In On GameStop

Institutional investors and hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. raised its stake in GameStop by 308.9% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 969 shares of the company’s stock valued at $26,000 after purchasing an additional 732 shares during the last quarter. City Holding Co. acquired a new stake in GameStop in the 3rd quarter worth $30,000. EverSource Wealth Advisors LLC increased its holdings in shares of GameStop by 226.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,277 shares of the company’s stock worth $31,000 after purchasing an additional 886 shares during the period. Advisory Services Network LLC bought a new position in shares of GameStop during the 3rd quarter worth about $39,000. Finally, Bessemer Group Inc. raised its position in shares of GameStop by 39.2% during the third quarter. Bessemer Group Inc. now owns 1,674 shares of the company’s stock valued at $46,000 after buying an additional 471 shares during the last quarter. Institutional investors own 29.21% of the company’s stock.

About GameStop

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.