GameSquare (NASDAQ:GAME) Director Jeremi Gorman Buys 65,897 Shares

GameSquare Holdings, Inc. (NASDAQ:GAME) Director Jeremi Gorman purchased 65,897 shares of the firm’s stock in a transaction on Friday, September 19th. The stock was acquired at an average cost of $0.76 per share, for a total transaction of $50,081.72. Following the completion of the purchase, the director owned 65,897 shares in the company, valued at $50,081.72. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

GameSquare Price Performance

NASDAQ GAME opened at $0.60 on Friday. GameSquare Holdings, Inc. has a 12 month low of $0.24 and a 12 month high of $2.87. The company has a 50-day moving average of $0.33 and a 200-day moving average of $0.44. The company has a market cap of $57.17 million, a P/E ratio of -1.09 and a beta of 0.82.

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

Institutional Investors Weigh In On GameSquare

Several institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC increased its position in shares of GameSquare by 23.9% in the second quarter. Geode Capital Management LLC now owns 213,914 shares of the entertainment company’s stock worth $186,000 after acquiring an additional 41,196 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of GameSquare during the 2nd quarter valued at $38,000. Vanguard Group Inc. boosted its position in GameSquare by 353.8% during the 3rd quarter. Vanguard Group Inc. now owns 4,282,748 shares of the entertainment company’s stock worth $2,908,000 after purchasing an additional 3,339,080 shares during the period. UBS Group AG increased its holdings in 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 purchasing an additional 1,668,494 shares in the last quarter. Finally, B Group Inc. acquired a new stake in GameSquare in the 3rd quarter valued at $170,000. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Zacks Research downgraded GameSquare from a “hold” rating to a “strong sell” rating in a report on Friday, April 10th. Weiss Ratings reiterated a “sell (e+)” rating on shares of GameSquare in a report on Tuesday. Finally, Wall Street Zen upgraded GameSquare to a “hold” rating in a research note on Saturday. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

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.