Key Points
- Director Jeremi Gorman bought 65,897 shares on Sept. 19 at an average price of $0.76 per share, a transaction valued at about $50,081.72 that established a new position.
- Financials: GameSquare has a market cap of $57.17 million, reported -$0.04 EPS in the last quarter with negative ROE (54.32%) and net margin (-60.09%), and analysts forecast roughly -0.1 EPS for the year.
- Market sentiment is negative with a consensus rating of "Sell" (recent notes include Weiss and Zacks downgrades), while institutional ownership is high at about 64.25% amid several recent hedge fund purchases and position increases.
GameSquare Holdings, Inc. (NASDAQ:GAME - Get Free Report) Director Jeremi Gorman bought 65,897 shares of the stock in a transaction dated Friday, September 19th. The stock was bought at an average price of $0.76 per share, with a total value of $50,081.72. Following the purchase, the director owned 65,897 shares of the company's stock, valued at approximately $50,081.72. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
GameSquare Stock Performance
Shares of NASDAQ:GAME opened at $0.60 on Friday. The business's 50-day simple moving average is $0.33 and its 200 day simple moving average is $0.44. The company has a market cap of $57.17 million, a P/E ratio of -1.09 and a beta of 0.82. GameSquare Holdings, Inc. has a one year low of $0.24 and a one year high of $2.87.
GameSquare (NASDAQ:GAME - Get Free Report) last released its quarterly earnings results on Wednesday, April 8th. The entertainment company reported ($0.04) earnings per share for the quarter. GameSquare had a negative return on equity of 54.32% and a negative net margin of 60.09%.The company had revenue of $18.46 million during the quarter. Analysts predict that GameSquare Holdings, Inc. will post -0.1 earnings per share for the current year.
Analysts Set New Price Targets
Several research analysts have recently weighed in on GAME shares. Weiss Ratings restated a "sell (e+)" rating on shares of GameSquare in a research note on Tuesday. Wall Street Zen raised shares of GameSquare to a "hold" rating in a research note on Saturday. Finally, Zacks Research cut shares of GameSquare from a "hold" rating to a "strong sell" rating in a research report on Friday, April 10th. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of "Sell".
View Our Latest Research Report on GameSquare
Institutional Investors Weigh In On GameSquare
Several hedge funds and other institutional investors have recently bought and sold shares of the business. XTX Topco Ltd acquired a new position in shares of GameSquare in the 2nd quarter valued at approximately $38,000. Virtu Financial LLC grew its position in shares of GameSquare by 167.6% during the fourth quarter. Virtu Financial LLC now owns 200,255 shares of the entertainment company's stock worth $77,000 after buying an additional 125,428 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of GameSquare in the fourth quarter worth $153,000. B Group Inc. bought a new stake in shares of GameSquare in the third quarter worth $170,000. Finally, Geode Capital Management LLC raised its holdings in GameSquare by 23.9% in the second quarter. Geode Capital Management LLC now owns 213,914 shares of the entertainment company's stock valued at $186,000 after acquiring an additional 41,196 shares in the last quarter. 64.25% of the stock is currently owned by hedge funds and other institutional investors.
About GameSquare
(
Get Free Report)
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.
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