GameStop (NYSE:GME) Director Acquires $100,000.00 in Stock

GameStop Corp. (NYSE:GMEGet Free Report) Director Alain Attal bought 5,000 shares of the company’s stock in a transaction on Thursday, September 10th. The shares were bought at an average price of $20.00 per share, for a total transaction of $100,000.00. Following the transaction, the director owned 601,464 shares of the company’s stock, valued at approximately $12,029,280. This represents a 0.84% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

GameStop Price Performance

Shares of NYSE GME opened at $21.11 on Friday. The stock has a market cap of $10.65 billion, a PE ratio of 13.89 and a beta of 1.72. GameStop Corp. has a fifty-two week low of $17.79 and a fifty-two week high of $28.10. The company has a debt-to-equity ratio of 0.68, a quick ratio of 11.91 and a current ratio of 8.72. The stock has a fifty day moving average of $20.03 and a 200-day moving average of $21.98.

GameStop (NYSE:GMEGet Free Report) last released its quarterly earnings data on Tuesday, September 8th. The company reported $0.27 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.27. The company had revenue of $790.20 million for the quarter, compared to analyst estimates of $756.85 million. GameStop had a return on equity of 13.57% and a net margin of 25.16%.The firm’s revenue for the quarter was down 18.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.31 EPS.

Institutional Investors Weigh In On GameStop

Institutional investors and hedge funds have recently made changes to their positions in the business. Northwestern Mutual Investment Management Company LLC increased its stake in shares of GameStop by 0.5% in the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 92,197 shares of the company’s stock worth $1,851,000 after acquiring an additional 463 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in GameStop by 0.4% during the third quarter. Public Employees Retirement System of Ohio now owns 131,002 shares of the company’s stock worth $3,574,000 after acquiring an additional 578 shares in the last quarter. Panagora Asset Management Inc. grew its holdings in GameStop by 4.5% in the fourth quarter. Panagora Asset Management Inc. now owns 13,692 shares of the company’s stock worth $275,000 after purchasing an additional 594 shares during the period. UMB Bank n.a. grew its holdings in GameStop by 14.5% in the fourth quarter. UMB Bank n.a. now owns 4,694 shares of the company’s stock worth $94,000 after purchasing an additional 595 shares during the period. Finally, Rakuten Securities Inc. increased its stake in shares of GameStop by 9.4% during the second quarter. Rakuten Securities Inc. now owns 7,572 shares of the company’s stock valued at $185,000 after purchasing an additional 650 shares in the last quarter. Hedge funds and other institutional investors own 29.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Wall Street Zen cut GameStop from a “buy” rating to a “hold” rating in a research report on Monday, September 7th. Weiss Ratings restated a “hold (c)” rating on shares of GameStop in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, GameStop has an average rating of “Hold”.

View Our Latest Report on GME

Key GameStop News

Here are the key news stories impacting GameStop this week:

  • Positive Sentiment: CEO and Chairman Ryan Cohen purchased 1 million GameStop shares at an average price of approximately $20.38, committing about $20.4 million and raising his direct ownership to more than 39.3 million shares. The purchase is being viewed as a significant vote of confidence in GME’s valuation and strategy. GameStop CEO insider purchase
  • Positive Sentiment: Director Alain Attal bought 5,000 shares for $100,000, increasing his stake to 601,464 shares. The purchase adds to a recent cluster of insider buying, including Director James Grube’s acquisition of 10,255 shares for roughly $196,000. Alain Attal GameStop share purchase
  • Positive Sentiment: GameStop announced that select previously closed stores are reopening nationwide. The move suggests management sees potential for improved retail traffic and demand, while recent collectibles growth offers a possible avenue for diversification beyond traditional video-game sales. GameStop store reopenings
  • Neutral Sentiment: An analyst rating upgrade described GameStop as more interesting following its earnings and insider activity, but broader analyst coverage remains cautious, with the average rating still at Hold. GameStop rating upgrade
  • Negative Sentiment: GameStop’s latest quarterly revenue of $790.2 million exceeded estimates, and EPS matched consensus at $0.27, but revenue declined 18.7% year over year and EPS fell from $0.31. Weak software and hardware sales continue to challenge the turnaround, while analysts question whether collectibles growth can offset the contraction. GameStop earnings and outlook

About GameStop

(Get Free Report)

GameStop Corp. is a multichannel retailer specializing in video games, gaming hardware, accessories and related entertainment products. Its offerings include new and pre-owned consoles and games, controllers, headsets, collectibles, apparel, toys and trading cards. The company sells through its retail stores, e-commerce websites and other digital channels.

Founded in 1984 as Babbage’s, the company expanded through acquisitions and adopted the GameStop name in 2000. It has historically operated stores in the United States, Canada, Australia and several European markets, although its international footprint has changed over time as the company has closed or sold certain operations.

Further Reading

Insider Buying and Selling by Quarter for GameStop (NYSE:GME)

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