GameSquare Shares Scheduled to Reverse Split on Monday, August 24th (NASDAQ:GAME)

Shares of GameSquare Holdings, Inc. (NASDAQ:GAME) are set to reverse split on Monday, August 24th. The 1-8 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, August 23rd.

GameSquare Trading Up 5.1%

Shares of GameSquare stock traded up $0.02 on Thursday, reaching $0.44. 2,589,165 shares of the company were exchanged, compared to its average volume of 1,351,545. GameSquare has a fifty-two week low of $0.23 and a fifty-two week high of $0.94. The firm has a market capitalization of $45.35 million, a price-to-earnings ratio of 20.78 and a beta of 1.56. The stock has a fifty day moving average price of $0.38 and a 200-day moving average price of $0.37.

GameSquare (NASDAQ:GAME) last announced its earnings results on Monday, August 10th. The entertainment company reported ($0.11) EPS for the quarter. The company had revenue of $18.48 million for the quarter. GameSquare had a negative net margin of 96.06% and a positive return on equity of 7.97%. On average, equities analysts anticipate that GameSquare will post 0.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Weiss Ratings raised shares of GameSquare from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 9th. Wall Street Zen upgraded shares of GameSquare to a “hold” rating in a research report on Saturday, April 25th. Zacks Research raised shares of GameSquare from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 13th. Finally, ThinkEquity assumed coverage on shares of GameSquare in a research report on Monday, June 8th. They set a “buy” rating on the stock. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

Insiders Place Their Bets

In related news, insider & Silver Ventures Ltd. Blue bought 620,100 shares of the business’s stock in a transaction on 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 transaction, the insider directly owned 5,853,274 shares in the company, valued at $2,516,907.82. This represents a 11.85% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 6.80% of the company’s stock.

Institutional Trading of GameSquare

A number of institutional investors have recently bought and sold shares of GAME. Vanguard Group Inc. increased its position in GameSquare by 353.8% in 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 last quarter. Polar Asset Management Partners Inc. bought a new position in GameSquare during the third quarter valued at approximately $1,358,000. UBS Group AG raised its position in GameSquare by 275,329.0% during the third 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 in the last quarter. BlackRock Inc. acquired a new stake in GameSquare in the second quarter valued at approximately $413,000. Finally, Geode Capital Management LLC grew its position in GameSquare by 16.6% in the fourth quarter. Geode Capital Management LLC now owns 970,853 shares of the entertainment company’s stock worth $374,000 after acquiring an additional 138,361 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

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.