GameSquare (NASDAQ:GAME) Downgraded by Zacks Research to Hold

GameSquare (NASDAQ:GAME – Get Free Report) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday, Zacks reports.

A number of other brokerages have also issued reports on GAME. Wall Street Zen raised GameSquare to a “hold” rating in a research report on Saturday, August 29th. Weiss Ratings downgraded GameSquare from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, August 21st. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, GameSquare currently has a consensus rating of “Hold”.

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GameSquare Stock Performance

GameSquare stock opened at $2.93 on Monday. The firm has a market cap of $38.27 million, a price-to-earnings ratio of 19.56 and a beta of 1.42. GameSquare has a 1 year low of $1.88 and a 1 year high of $5.97. The firm’s 50 day moving average price is $3.18 and its two-hundred day moving average price is $3.18.

GameSquare (NASDAQ:GAME – Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The entertainment company reported ($0.11) earnings per share (EPS) for the quarter. The company had revenue of $18.48 million during the quarter. GameSquare had a negative net margin of 96.06% and a positive return on equity of 7.97%. As a group, equities analysts predict that GameSquare will post 0.64 EPS for the current fiscal year.

Hedge Funds Weigh In On GameSquare

An institutional investor recently bought a new stake in GameSquare stock. BlackRock Inc. acquired a new position in shares of GameSquare Holdings, Inc. (NASDAQ:GAME – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 1,044,909 shares of the entertainment company’s stock, valued at approximately $413,000. BlackRock Inc. owned approximately 1.01% of GameSquare as of its most recent filing with the Securities and Exchange Commission. 64.25% of the stock is owned by institutional investors.

GameSquare Company Profile

(Get Free Report)

GameSquare Holdings, Inc is a gaming and media company that connects brands with audiences across esports, gaming, entertainment and digital culture. The company provides marketing, advertising, content production, talent representation and experiential services designed to help businesses reach gaming and youth-oriented audiences.

GameSquare’s portfolio has included esports organizations, gaming talent and media properties such as FaZe Clan and Complexity Gaming. Its operations also include capabilities in esports and gaming management, branded content, influencer marketing, creative production and live experiences.

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