Key Points
- Director Alain Attal bought 12,000 shares of GameStop on Jan. 20 at an average price of $20.90, spending $250,800 and raising his stake to 584,464 shares (a 2.1% increase), according to an SEC filing.
- Other insiders, including CEO Ryan Cohen, also added large blocks of stock (reports of ~500,000 shares), signaling renewed management confidence and likely contributing to short‑term buying interest.
- Despite the insider purchases, analysts hold a consensus "Sell" rating with an average price target of $13.50, and the company faces mixed fundamentals (EPS beat but revenue down) plus plans to close about 470 stores.
GameStop Corp. (NYSE:GME - Get Free Report) Director Alain Attal bought 12,000 shares of GameStop stock in a transaction on Tuesday, January 20th. The shares were acquired at an average cost of $20.90 per share, with a total value of $250,800.00. Following the completion of the acquisition, the director owned 584,464 shares of the company's stock, valued at $12,215,297.60. The trade was a 2.10% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.
GameStop Trading Up 0.1%
Shares of GameStop stock opened at $21.11 on Wednesday. GameStop Corp. has a 1-year low of $19.93 and a 1-year high of $35.81. The company's fifty day simple moving average is $21.46 and its 200-day simple moving average is $22.83. The company has a debt-to-equity ratio of 0.78, a current ratio of 10.39 and a quick ratio of 9.77. The stock has a market capitalization of $9.46 billion, a PE ratio of 25.75 and a beta of -1.23.
GameStop (NYSE:GME - Get Free Report) last announced its earnings results on Tuesday, December 9th. The company reported $0.24 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.04. The company had revenue of $821.00 million for the quarter, compared to analysts' expectations of $987.29 million. GameStop had a return on equity of 9.75% and a net margin of 11.08%.During the same period last year, the firm earned $0.06 EPS. GameStop's revenue for the quarter was down 4.6% compared to the same quarter last year. As a group, equities analysts anticipate that GameStop Corp. will post 0.08 earnings per share for the current year.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings downgraded shares of GameStop from a "hold (c-)" rating to a "sell (d+)" rating in a report on Friday. Two research analysts have rated the stock with a Sell rating, According to data from MarketBeat, GameStop presently has a consensus rating of "Sell" and an average price target of $13.50.
Check Out Our Latest Stock Analysis on GME
GameStop News Roundup
Here are the key news stories impacting GameStop this week:
- Positive Sentiment: Ryan Cohen increased his stake to roughly 9.2% after adding ~500,000 shares, signaling renewed founder/insider confidence and possible strategic or governance influence; that disclosure prompted after‑hours buying. Article Title
- Positive Sentiment: Multiple outlets report CEO Ryan Cohen personally bought another 500k shares, reinforcing the market’s view of management conviction and likely contributing to short‑term upside. Article Title
- Positive Sentiment: Director Alain Attal bought 12,000 shares at an average ~$20.90, a small but visible insider purchase that supports management alignment with shareholders. SEC filing details available. Article Title
- Neutral Sentiment: Analysis pieces question whether experiential initiatives (example: a Silent Hill tie‑in) can materially move revenue long term — positive for brand/traffic but uncertain for near‑term earnings. Investors may view this as a potential growth lever rather than immediate proof of turnaround. Article Title
- Negative Sentiment: Reports say GameStop will close about 470 stores nationwide by month‑end, including ~30 locations in New York, citing falling sales — a sign of continued brick‑and‑mortar pressure and potential one‑time restructuring costs or lost revenue. Article Title
- Negative Sentiment: Local reporting underscores the scope of New York closures across urban and upstate markets, reinforcing the narrative of softer store sales that could pressure top‑line results until omnichannel initiatives scale. Article Title
Hedge Funds Weigh In On GameStop
Several hedge funds have recently modified their holdings of GME. Northwestern Mutual Wealth Management Co. grew its stake in GameStop by 308.9% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 969 shares of the company's stock valued at $26,000 after acquiring an additional 732 shares in the last quarter. City Holding Co. purchased a new stake in GameStop in the 3rd quarter worth $30,000. EverSource Wealth Advisors LLC lifted its stake in GameStop by 226.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,277 shares of the company's stock worth $31,000 after purchasing an additional 886 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of GameStop during the 3rd quarter valued at about $39,000. Finally, Bessemer Group Inc. boosted its holdings in shares of GameStop by 39.2% during the 3rd quarter. Bessemer Group Inc. now owns 1,674 shares of the company's stock valued at $46,000 after purchasing an additional 471 shares during the last quarter. Hedge funds and other institutional investors own 29.21% of the company's stock.
About GameStop
(
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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