Key Points
- Insider purchase: Silver Ventures Ltd. Blue acquired 922,890 shares of GameSquare at $0.60 on April 23 for $553,734, boosting its stake to 3,359,371 shares (a 37.88% increase) and also bought 417,813 shares on April 24 and 84,552 on April 27 at the same price.
- Stock and fundamentals: GAME shares fell about 6.9% to open at $0.56, and the company reported weak quarterly results (EPS -$0.04, revenue $18.46M) with negative margins and ROE, while analysts’ consensus rating is “Sell.”
- Institutional ownership: Hedge funds and institutional investors hold roughly 64.25% of the stock, with recent position increases from firms including Virtu Financial, XTX Topco, and Geode.
GameSquare Holdings, Inc. (NASDAQ:GAME - Get Free Report) insider & Silver Ventures Ltd. Blue acquired 922,890 shares of the stock in a transaction dated Thursday, April 23rd. The shares were acquired at an average cost of $0.60 per share, with a total value of $553,734.00. Following the completion of the transaction, the insider owned 3,359,371 shares in the company, valued at approximately $2,015,622.60. This represents a 37.88% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
& Silver Ventures Ltd. Blue also recently made the following trade(s):
- On Monday, April 27th, & Silver Ventures Ltd. Blue bought 84,552 shares of GameSquare stock. The shares were acquired at an average cost of $0.60 per share, for a total transaction of $50,731.20.
- On Friday, April 24th, & Silver Ventures Ltd. Blue bought 417,813 shares of GameSquare stock. The shares were acquired at an average price of $0.60 per share, with a total value of $250,687.80.
GameSquare Stock Down 6.9%
Shares of GAME opened at $0.56 on Tuesday. The company has a market capitalization of $53.25 million, a price-to-earnings ratio of -1.01 and a beta of 0.82. GameSquare Holdings, Inc. has a 52-week low of $0.24 and a 52-week high of $2.87. The stock has a 50 day moving average price of $0.33 and a 200 day moving average price of $0.44.
GameSquare (NASDAQ:GAME - Get Free Report) last released its quarterly earnings data on Wednesday, April 8th. The entertainment company reported ($0.04) earnings per share for the quarter. The company had revenue of $18.46 million for the quarter. GameSquare had a negative return on equity of 54.32% and a negative net margin of 60.09%. On average, equities analysts anticipate that GameSquare Holdings, Inc. will post -0.1 EPS for the current fiscal year.
Institutional Trading of GameSquare
Several institutional investors and hedge funds have recently bought and sold shares of the business. Virtu Financial LLC raised its position in GameSquare by 167.6% in the 4th quarter. Virtu Financial LLC now owns 200,255 shares of the entertainment company's stock valued at $77,000 after purchasing an additional 125,428 shares during the last quarter. XTX Topco Ltd grew its position in GameSquare by 47.3% during the 4th quarter. XTX Topco Ltd now owns 166,692 shares of the entertainment company's stock worth $64,000 after purchasing an additional 53,489 shares during the last quarter. Jane Street Group LLC acquired a new position in GameSquare in the fourth quarter valued at $153,000. Geode Capital Management LLC increased its stake in GameSquare by 16.6% in the fourth quarter. Geode Capital Management LLC now owns 970,853 shares of the entertainment company's stock valued at $374,000 after purchasing an additional 138,361 shares during the period. Finally, Polar Asset Management Partners Inc. purchased a new stake in shares of GameSquare in the third quarter valued at about $1,358,000. Hedge funds and other institutional investors own 64.25% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on GAME shares. Wall Street Zen raised shares of GameSquare to a "hold" rating in a research report on Saturday. Zacks Research cut GameSquare from a "hold" rating to a "strong sell" rating in a research report on Friday, April 10th. Finally, Weiss Ratings reissued a "sell (e+)" rating on shares of GameSquare in a report on Tuesday, April 21st. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of "Sell".
Check Out Our Latest Stock Report on GAME
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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