GameStop (NYSE:GME) Insider Sells $179,518.22 in Stock

GameStop Corp. (NYSE:GME) insider Daniel William Moore sold 6,509 shares of the company’s stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $27.58, for a total value of $179,518.22. Following the completion of the sale, the insider owned 112,620 shares in the company, valued at approximately $3,106,059.60. This represents a 5.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Daniel William Moore also recently made the following trade(s):

• On Tuesday, September 2nd, Daniel William Moore sold 830 shares of GameStop stock. The stock was sold at an average price of $22.68, for a total value of $18,824.40.

GameStop Trading Down 6.7%

GameStop stock opened at $25.40 on Friday. The company has a current ratio of 11.37, a quick ratio of 10.79 and a debt-to-equity ratio of 0.80. GameStop Corp. has a 12 month low of $20.30 and a 12 month high of $35.81. The stock’s 50 day simple moving average is $23.95 and its two-hundred day simple moving average is $25.21. The firm has a market cap of $11.37 billion, a PE ratio of 34.79 and a beta of -0.86.

GameStop (NYSE:GME) last released its quarterly earnings data on Tuesday, September 9th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.19 by $0.06. GameStop had a return on equity of 7.72% and a net margin of 9.41%.The business had revenue of $972.20 million for the quarter, compared to analyst estimates of $823.25 million. During the same quarter in the prior year, the firm posted $0.04 EPS. The business’s quarterly revenue was up 21.8% compared to the same quarter last year. Analysts anticipate that GameStop Corp. will post 0.08 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on GME shares. Wedbush upgraded GameStop to a “strong sell” rating in a research report on Tuesday, July 1st. Weiss Ratings reiterated a “hold (c-)” rating on shares of GameStop in a research report on Saturday, September 27th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $13.50.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in GME. Marshall Wace LLP lifted its position in shares of GameStop by 347.7% during the 2nd quarter. Marshall Wace LLP now owns 6,657,678 shares of the company’s stock valued at $162,381,000 after buying an additional 5,170,741 shares in the last quarter. Invesco Ltd. lifted its holdings in GameStop by 486.6% in the 2nd quarter. Invesco Ltd. now owns 3,858,024 shares of the company’s stock valued at $94,097,000 after purchasing an additional 3,200,321 shares in the last quarter. Norges Bank purchased a new position in GameStop in the 2nd quarter valued at $76,701,000. Alyeska Investment Group L.P. lifted its holdings in GameStop by 895.4% in the 1st quarter. Alyeska Investment Group L.P. now owns 2,641,427 shares of the company’s stock valued at $58,957,000 after purchasing an additional 2,376,051 shares in the last quarter. Finally, Clear Street LLC purchased a new position in GameStop in the 2nd quarter valued at $57,433,000. Hedge funds and other institutional investors own 29.21% of the company’s stock.

About GameStop

GameStop Corp., a specialty retailer, provides games and entertainment products through its stores and ecommerce platforms in the United States, Canada, Australia, and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, and virtual reality products; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads.