Key Points
- Ryan Cohen purchased 500,000 shares on Jan. 20 at about $21.12 each (~$10.56M), boosting his direct stake to 37,847,842 shares (a 1.34% increase) valued at roughly $799.3M.
- Despite the insider buy and unusual bullish options flow, analysts remain negative — Weiss Ratings downgraded GME to a "sell" and the consensus target is $13.50 — while the quarter showed an EPS beat ($0.24) but a revenue miss and the company plans to close roughly 470 U.S. stores.
GameStop Corp. (NYSE:GME - Get Free Report) CEO Ryan Cohen bought 500,000 shares of the business's stock in a transaction that occurred on Tuesday, January 20th. The stock was purchased at an average cost of $21.12 per share, for a total transaction of $10,560,000.00. Following the completion of the transaction, the chief executive officer directly owned 37,847,842 shares in the company, valued at approximately $799,346,423.04. This trade represents a 1.34% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
GameStop Price Performance
GME stock opened at $23.10 on Friday. The company has a market cap of $10.35 billion, a PE ratio of 28.17 and a beta of -1.23. The company has a current ratio of 10.39, a quick ratio of 9.77 and a debt-to-equity ratio of 0.78. The stock has a 50-day moving average price of $21.51 and a two-hundred day moving average price of $22.83. 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 for the quarter, beating the consensus estimate of $0.20 by $0.04. GameStop had a return on equity of 9.75% and a net margin of 11.08%.The business had revenue of $821.00 million for the quarter, compared to analyst estimates of $987.29 million. During the same period in the previous year, the company posted $0.06 EPS. The company's revenue was down 4.6% compared to the same quarter last year. As a group, research analysts predict that GameStop Corp. will post 0.08 EPS for the current year.
Institutional Investors Weigh In On GameStop
Hedge funds have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in GameStop by 308.9% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 969 shares of the company's stock worth $26,000 after acquiring an additional 732 shares during the period. City Holding Co. acquired a new position in shares of GameStop during the third quarter worth $30,000. EverSource Wealth Advisors LLC lifted its position in shares of GameStop by 226.6% during the second 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 purchased a new position in shares of GameStop in the third quarter valued at $39,000. Finally, Ameritas Advisory Services LLC acquired a new stake in GameStop during the 2nd quarter valued at $45,000. 29.21% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings downgraded shares of GameStop from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Friday, January 16th. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of "Sell" and an average target price of $13.50.
View Our Latest Analysis on GME
GameStop News Summary
Here are the key news stories impacting GameStop this week:
- Positive Sentiment: CEO Ryan Cohen purchased 500,000 shares (~$10.56M) on Jan. 20, increasing his stake and signaling management confidence — a primary catalyst for the rally. Read More.
- Positive Sentiment: Reports indicate Cohen bought another 500k shares this week (1M total), which markets interpreted as further commitment from the founder‑chairman and triggered additional buying. Read More.
- Positive Sentiment: Director Alain Attal added 12,000 shares at ~ $20.90, a smaller insider buy that reinforces management alignment with shareholders. Read More.
- Positive Sentiment: Unusual options flow: ~292,154 call contracts traded (about +64% vs typical daily call volume), indicating speculative bullish positioning that can amplify near‑term upside.
- Neutral Sentiment: Coverage on experiential initiatives (e.g., a Silent Hill tie‑in) highlights potential traffic/branding upside but remains unproven as a near‑term revenue driver. Read More.
- Negative Sentiment: GameStop plans to close roughly 470 U.S. stores by month‑end (including ~30 in New York), underscoring ongoing brick‑and‑mortar weakness and possible one‑time costs or lost sales. Read More.
- Negative Sentiment: Analyst/ratings pressure persists (Weiss Ratings downgrade and a consensus "Sell" with a low average target), a reminder that fundamentals and revenue trends still pose medium‑term downside risk.
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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