GameStop Corp. (NYSE:GME - Get Free Report) insider Daniel William Moore sold 1,052 shares of the stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $11.61, for a total value of $12,213.72. Following the sale, the insider now owns 21,911 shares in the company, valued at $254,386.71. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
GameStop Stock Performance
GME opened at $11.39 on Thursday. The firm has a market cap of $3.48 billion, a P/E ratio of 569.53 and a beta of -0.45. GameStop Corp. has a 1-year low of $10.90 and a 1-year high of $27.65. The company has a 50 day simple moving average of $14.06 and a two-hundred day simple moving average of $14.71. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.11 and a quick ratio of 1.44.
GameStop (NYSE:GME - Get Free Report) last posted its quarterly earnings results on Tuesday, March 26th. The company reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($0.07). The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $2.05 billion. GameStop had a net margin of 0.13% and a return on equity of 1.35%. GameStop's revenue was down 19.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.16 earnings per share. Equities analysts forecast that GameStop Corp. will post 0.01 earnings per share for the current fiscal year.
Analysts Set New Price Targets
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Several analysts have commented on GME shares. StockNews.com upgraded GameStop from a "sell" rating to a "hold" rating in a research note on Wednesday, March 27th. Wedbush decreased their target price on GameStop from $6.00 to $5.60 and set an "underperform" rating on the stock in a report on Wednesday, March 27th.
Check Out Our Latest Stock Analysis on GME
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in GME. Covestor Ltd lifted its stake in GameStop by 323.2% in the 1st quarter. Covestor Ltd now owns 237 shares of the company's stock worth $39,000 after purchasing an additional 181 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in GameStop in the 1st quarter worth $50,000. Comerica Bank purchased a new stake in shares of GameStop during the 2nd quarter valued at about $150,000. Captrust Financial Advisors raised its position in shares of GameStop by 457.1% during the 1st quarter. Captrust Financial Advisors now owns 1,053 shares of the company's stock valued at $175,000 after buying an additional 864 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. purchased a new stake in shares of GameStop during the 2nd quarter valued at about $36,000. 29.21% of the stock is owned by hedge funds and other institutional investors.
GameStop Company Profile
(
Get Free Report)
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.
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