Key Points
- GameStop General Counsel Mark Haymond Robinson sold 5,475 shares on Jan. 2 at an average price of $20.44 for a total of $111,909, reducing his ownership by 4.46% to 117,355 shares, per an SEC filing.
- In the latest quarter GameStop reported EPS of $0.24 (beating the $0.20 consensus) but revenue missed at $821 million, down 4.6% year‑over‑year.
- Shares trade around $20.66 with a 52‑week range of $19.93–$35.81 and a $9.25 billion market cap, while analysts are cautious—MarketBeat shows an average rating of "Reduce" and an average price target of $13.50.
GameStop Corp. (NYSE:GME - Get Free Report) General Counsel Mark Haymond Robinson sold 5,475 shares of the business's stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $20.44, for a total value of $111,909.00. Following the sale, the general counsel owned 117,355 shares in the company, valued at approximately $2,398,736.20. The trade was a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
GameStop Stock Performance
Shares of GME opened at $20.66 on Wednesday. The stock's 50-day simple moving average is $21.63 and its 200 day simple moving average is $23.00. The company has a debt-to-equity ratio of 0.78, a quick ratio of 9.77 and a current ratio of 10.39. GameStop Corp. has a 52-week low of $19.93 and a 52-week high of $35.81. The stock has a market capitalization of $9.25 billion, a price-to-earnings ratio of 25.19 and a beta of -1.23.
GameStop (NYSE:GME - Get Free Report) last posted its earnings results on Tuesday, December 9th. The company reported $0.24 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.04. GameStop had a net margin of 11.08% and a return on equity of 9.75%. The business had revenue of $821.00 million for the quarter, compared to analyst estimates of $987.29 million. During the same quarter in the prior year, the firm posted $0.06 EPS. GameStop's revenue was down 4.6% on a year-over-year basis. Research analysts forecast that GameStop Corp. will post 0.08 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reissued a "hold (c-)" rating on shares of GameStop in a research note on Monday, December 29th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, GameStop has an average rating of "Reduce" and an average price target of $13.50.
Read Our Latest Stock Analysis on GME
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in GME. Bessemer Group Inc. increased its stake in GameStop by 39.2% in the third quarter. Bessemer Group Inc. now owns 1,674 shares of the company's stock valued at $46,000 after acquiring an additional 471 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of GameStop by 0.5% in the 2nd quarter. Thrivent Financial for Lutherans now owns 96,623 shares of the company's stock worth $2,357,000 after purchasing an additional 511 shares in the last quarter. Wealthfront Advisers LLC increased its position in shares of GameStop by 1.9% during the 2nd quarter. Wealthfront Advisers LLC now owns 30,761 shares of the company's stock valued at $750,000 after purchasing an additional 576 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of GameStop by 0.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 131,002 shares of the company's stock valued at $3,574,000 after buying an additional 578 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its holdings in shares of GameStop by 0.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 114,500 shares of the company's stock valued at $2,793,000 after buying an additional 600 shares in the last quarter. 29.21% of the stock is currently owned by hedge funds and other institutional investors.
GameStop Company Profile
(
Get Free Report)
GameStop Corp. (NYSE:GME) is a global specialty retailer focused on video games, gaming consoles, consumer electronics and related accessories. The company operates a network of physical retail stores alongside an e-commerce platform, offering new and pre-owned products spanning the latest game software, hardware, collectibles and lifestyle merchandise. GameStop's retail footprint is complemented by digital marketplaces for trade-ins and online purchases, as well as a membership program that provides exclusive content and rewards.
Originally founded in 1984 as Babbage's in Dallas, Texas, the company adopted the GameStop name in 1999 following its merger with Software Etc.
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