Key Points
- GameStop General Counsel Mark Haymond Robinson sold 7,209 shares on April 1 at an average price of $22.94 for about $165,374, leaving him with 97,946 shares — a 6.86% reduction in his stake.
- Quarterly results showed EPS of $0.49 beat estimates of $0.37 while revenue missed at $1.10 billion versus $1.47 billion expected; the company reported a net margin of 11.53% and ROE of 12.47%.
- Market and analyst stance: GME trades near $23 with a $10.49 billion market cap and P/E of 31.18, but analysts’ average rating is “Reduce” with an average price target of $13.50.
GameStop Corp. (NYSE:GME - Get Free Report) General Counsel Mark Haymond Robinson sold 7,209 shares of the business's stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $22.94, for a total value of $165,374.46. Following the transaction, the general counsel owned 97,946 shares in the company, valued at $2,246,881.24. This represents a 6.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Mark Haymond Robinson also recently made the following trade(s):
- On Monday, January 12th, Mark Haymond Robinson sold 12,200 shares of GameStop stock. The stock was sold at an average price of $21.00, for a total value of $256,200.00.
GameStop Price Performance
Shares of GME stock opened at $23.39 on Friday. GameStop Corp. has a 12 month low of $19.93 and a 12 month high of $35.81. The company has a market capitalization of $10.49 billion, a P/E ratio of 31.18 and a beta of 1.86. The stock has a 50 day moving average of $23.76 and a two-hundred day moving average of $23.05. The company has a current ratio of 15.30, a quick ratio of 14.68 and a debt-to-equity ratio of 0.76.
GameStop (NYSE:GME - Get Free Report) last released its quarterly earnings data on Tuesday, March 24th. The company reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.12. The business had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.47 billion. GameStop had a return on equity of 12.47% and a net margin of 11.53%. As a group, equities analysts expect that GameStop Corp. will post 0.08 EPS for the current year.
Hedge Funds Weigh In On GameStop
Several hedge funds and other institutional investors have recently modified their holdings of GME. Rockefeller Capital Management L.P. boosted its stake in GameStop by 805.6% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,264 shares of the company's stock valued at $45,000 after buying an additional 2,014 shares in the last quarter. Corient Private Wealth LLC acquired a new position in GameStop during the fourth quarter worth $224,000. Caitong International Asset Management Co. Ltd bought a new position in shares of GameStop during the fourth quarter valued at $54,000. Pacer Advisors Inc. lifted its holdings in shares of GameStop by 19.3% during the fourth quarter. Pacer Advisors Inc. now owns 1,112,535 shares of the company's stock valued at $22,340,000 after acquiring an additional 180,356 shares during the period. Finally, Virtu Financial LLC acquired a new stake in shares of GameStop in the 4th quarter valued at $1,745,000. Institutional investors own 29.21% of the company's stock.
Wall Street Analyst Weigh In
GME has been the subject of a number of recent research reports. Weiss Ratings upgraded shares of GameStop from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Monday, February 2nd. Wall Street Zen lowered shares of GameStop from a "hold" rating to a "sell" rating in a research report on Saturday, March 28th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, GameStop has an average rating of "Reduce" and an average price target of $13.50.
Check Out Our Latest Stock Analysis on GME
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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