GameSquare (NASDAQ:GAME) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of GameSquare (NASDAQ:GAME) to a hold rating in a research report sent to investors on Saturday.

Other equities analysts also recently issued research reports about the company. Weiss Ratings reissued a “sell (e+)” rating on shares of GameSquare in a research report on Tuesday, April 21st. Zacks Research downgraded GameSquare from a “hold” rating to a “strong sell” rating in a research report on Friday, April 10th. Two analysts have rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

GameSquare Stock Performance

GAME opened at $0.56 on Friday. GameSquare has a 52-week low of $0.24 and a 52-week high of $2.87. The firm has a market capitalization of $53.25 million, a PE ratio of -1.01 and a beta of 0.82. The business’s 50-day simple moving average is $0.33 and its 200 day simple moving average is $0.44.

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 for the quarter. On average, research analysts forecast that GameSquare will post -0.1 earnings per share for the current year.

Insiders Place Their Bets

In other GameSquare news, insider & Silver Ventures Ltd. Blue purchased 922,890 shares of the stock in a transaction on Thursday, April 23rd. The shares were purchased at an average price of $0.60 per share, with a total value of $553,734.00. Following the completion of the transaction, the insider directly owned 3,359,371 shares in the company, valued at $2,015,622.60. This represents a 37.88% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders purchased a total of 1,425,255 shares of company stock worth $855,153 over the last 90 days. 5.10% of the stock is owned by insiders.

Hedge Funds Weigh In On GameSquare

Institutional investors and hedge funds have recently made changes to their positions in the company. XTX Topco Ltd acquired a new position in shares of GameSquare in the second quarter valued at approximately $38,000. Virtu Financial LLC grew its position in shares of GameSquare by 167.6% in the fourth quarter. Virtu Financial LLC now owns 200,255 shares of the entertainment company’s stock valued at $77,000 after purchasing an additional 125,428 shares during the last quarter. Geode Capital Management LLC grew 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 valued at $186,000 after purchasing an additional 41,196 shares during the last quarter. B Group Inc. acquired a new position in shares of GameSquare in the third quarter valued at approximately $170,000. Finally, Jane Street Group LLC acquired a new position in shares of GameSquare in the fourth quarter valued at approximately $153,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

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.