Key Points
- Mark Haymond Robinson, GameStop’s General Counsel, sold 12,200 shares on Jan. 12 at an average $21.00 (≈$256,200) and had previously sold 5,475 shares on Jan. 2 at $20.44 (≈$111,909), totaling about $368,109 in recent insider sales and reducing his stake ~10.4% to 105,155 shares (≈$2.21M).
- GameStop reported quarterly EPS of $0.24 (above the $0.20 estimate) but missed revenue ($821M vs. $987M est.) with revenue down 4.6% YoY; the stock trades near $21 with a market cap of ~$9.41B and a consensus analyst rating of "Reduce" and price target of $13.50.
GameStop Corp. (NYSE:GME - Get Free Report) General Counsel Mark Haymond Robinson sold 12,200 shares of the firm's stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $21.00, for a total transaction of $256,200.00. Following the transaction, the general counsel directly owned 105,155 shares in the company, valued at approximately $2,208,255. The trade was a 10.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Mark Haymond Robinson also recently made the following trade(s):
- On Friday, January 2nd, Mark Haymond Robinson sold 5,475 shares of GameStop stock. The stock was sold at an average price of $20.44, for a total transaction of $111,909.00.
GameStop Stock Performance
Shares of GME opened at $21.01 on Wednesday. The firm has a market cap of $9.41 billion, a price-to-earnings ratio of 25.62 and a beta of -1.23. The company's fifty day moving average is $21.50 and its 200-day moving average is $22.93. The company has a quick ratio of 9.77, a current ratio of 10.39 and a debt-to-equity ratio of 0.78. GameStop Corp. has a 12 month low of $19.93 and a 12 month high of $35.81.
GameStop (NYSE:GME - Get Free Report) last released its quarterly earnings data on Tuesday, December 9th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.04. The business had revenue of $821.00 million during the quarter, compared to analyst estimates of $987.29 million. GameStop had a net margin of 11.08% and a return on equity of 9.75%. GameStop's quarterly revenue was down 4.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.06 EPS. Equities analysts expect that GameStop Corp. will post 0.08 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its position in shares of GameStop by 308.9% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 969 shares of the company's stock valued at $26,000 after purchasing an additional 732 shares during the last quarter. City Holding Co. bought a new stake in GameStop during the 3rd quarter valued at approximately $30,000. EverSource Wealth Advisors LLC grew its holdings in GameStop by 226.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,277 shares of the company's stock valued at $31,000 after buying an additional 886 shares during the last quarter. Advisory Services Network LLC bought a new position in GameStop in the 3rd quarter worth approximately $39,000. Finally, Ameritas Advisory Services LLC acquired a new position in shares of GameStop during the second quarter worth approximately $45,000. Institutional investors and hedge funds own 29.21% of the company's stock.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a "hold (c-)" rating on shares of GameStop in a report 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's stock. According to data from MarketBeat.com, GameStop currently has a consensus rating of "Reduce" and a consensus price target of $13.50.
Get Our Latest Report on GameStop
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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