Insider Selling: GameStop (NYSE:GME) Insider Sells $177,025.22 in Stock

GameStop Corp. (NYSE:GME) insider Daniel Moore sold 7,297 shares of the business’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $24.26, for a total value of $177,025.22. Following the completion of the sale, the insider owned 107,828 shares of the company’s stock, valued at $2,615,907.28. The trade was a 6.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

GameStop Price Performance

GME traded up $0.65 during midday trading on Monday, hitting $25.35. The stock had a trading volume of 11,927,161 shares, compared to its average volume of 10,119,756. GameStop Corp. has a 1 year low of $17.79 and a 1 year high of $26.88. The company has a debt-to-equity ratio of 0.68, a quick ratio of 8.07 and a current ratio of 8.72. The business has a fifty day moving average of $20.56 and a 200 day moving average of $21.91. The company has a market cap of $12.79 billion, a P/E ratio of 16.68 and a beta of 1.63.

GameStop (NYSE:GME) last posted its quarterly earnings results on Tuesday, September 8th. The company reported $0.27 EPS for the quarter, hitting the consensus estimate of $0.27. The firm had revenue of $790.20 million for the quarter, compared to the consensus estimate of $756.85 million. GameStop had a net margin of 25.16% and a return on equity of 13.57%. The business’s revenue was down 18.7% compared to the same quarter last year. During the same period last year, the firm posted $0.31 earnings per share.

Hedge Funds Weigh In On GameStop

Several institutional investors and hedge funds have recently bought and sold shares of GME. WINTON GROUP Ltd purchased a new position in GameStop in the 2nd quarter worth approximately $5,111,000. Sterling Investment Advisors Ltd. boosted its stake in shares of GameStop by 33.8% during the second quarter. Sterling Investment Advisors Ltd. now owns 18,316 shares of the company’s stock valued at $404,000 after purchasing an additional 4,627 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of GameStop during the second quarter valued at approximately $1,866,000. AlphaGrep UK Ltd bought a new position in shares of GameStop in the second quarter worth approximately $708,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of GameStop in the second quarter worth approximately $2,578,000. 29.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

GME has been the topic of a number of analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of GameStop in a research report on Wednesday, July 29th. Wall Street Zen lowered shares of GameStop from a “buy” rating to a “hold” rating in a research report on Monday, September 7th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

GameStop Company Profile

GameStop Corp. is a multichannel retailer focused on video game products and related entertainment merchandise. The company sells new and pre-owned video game hardware, software, accessories and consumer electronics through its retail stores and e-commerce websites. Its product offerings include gaming consoles, controllers, headsets, games and other equipment for major platforms.

GameStop also sells collectibles, apparel, toys, trading cards and other products connected to video games and popular culture.