Key Points
- CEO Ryan Cohen bought 1,150,680 GameStop shares at an average price of $22.94, investing approximately $26.4 million. His direct stake rose 2.92% to about 40.5 million shares.
- GameStop reported quarterly EPS of $0.27, in line with estimates, while revenue of $790.2 million exceeded expectations but declined 18.7% year over year.
- Despite increased institutional ownership and Cohen’s buying, analyst sentiment remains cautious: the stock carries an average “Hold” rating, and its longer-term outlook depends on successfully executing the company’s turnaround.
GameStop Corp. (NYSE:GME - Get Free Report) Director Alain Attal bought 17,500 shares of GameStop stock in a transaction dated Monday, September 21st. The stock was acquired at an average price of $22.97 per share, with a total value of $401,975.00. Following the completion of the transaction, the director directly owned 618,964 shares of the company's stock, valued at approximately $14,217,603.08. The trade was a 2.91% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.
Alain Attal also recently made the following trade(s):
- On Thursday, September 10th, Alain Attal purchased 5,000 shares of GameStop stock. The stock was acquired at an average cost of $20.00 per share, for a total transaction of $100,000.00.
GameStop Stock Performance
GME opened at $22.82 on Tuesday. GameStop Corp. has a twelve month low of $17.79 and a twelve month high of $28.10. The firm has a market capitalization of $11.51 billion, a PE ratio of 15.01 and a beta of 1.72. The company has a current ratio of 8.72, a quick ratio of 8.07 and a debt-to-equity ratio of 0.68. The firm's 50-day moving average price is $20.05 and its 200 day moving average price is $21.89.
GameStop (NYSE:GME - Get Free Report) last released its quarterly earnings data on Tuesday, September 8th. The company reported $0.27 EPS for the quarter, meeting analysts' consensus estimates of $0.27. GameStop had a net margin of 25.16% and a return on equity of 13.57%. The company had revenue of $790.20 million during the quarter, compared to the consensus estimate of $756.85 million. During the same quarter in the prior year, the firm earned $0.31 EPS. GameStop's quarterly revenue was down 18.7% on a year-over-year basis.
Hedge Funds Weigh In On GameStop
Institutional investors and hedge funds have recently bought and sold shares of the company. Renaissance Technologies LLC grew its stake in shares of GameStop by 376.2% in the 1st quarter. Renaissance Technologies LLC now owns 2,650,303 shares of the company's stock valued at $61,063,000 after buying an additional 2,093,755 shares during the period. Delta Global Management LP acquired a new stake in shares of GameStop during the 1st quarter worth approximately $3,448,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of GameStop during the 2nd quarter valued at approximately $1,866,000. Quantinno Capital Management LP raised its position in shares of GameStop by 377.8% during the 1st quarter. Quantinno Capital Management LP now owns 138,846 shares of the company's stock valued at $3,199,000 after buying an additional 109,788 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in GameStop by 189.1% in the first quarter. Dimensional Fund Advisors LP now owns 3,909,284 shares of the company's stock valued at $90,046,000 after acquiring an additional 2,557,079 shares during the last quarter. 29.21% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
GME has been the topic of a number of analyst reports. Weiss Ratings reiterated a "hold (c)" rating on shares of GameStop in a research report on Wednesday, July 29th. Wall Street Zen downgraded GameStop from a "buy" rating to a "hold" rating in a research note on Monday, September 7th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of "Hold".
Check Out Our Latest Stock Report on GameStop
Key Stories Impacting GameStop
Here are the key news stories impacting GameStop this week:
- Positive Sentiment: CEO Ryan Cohen purchased 1,150,680 GameStop shares at an average price of $22.94, investing approximately $26.4 million. The purchase increased his stake by 2.92% to 40.5 million shares, a potentially bullish signal that management believes the company is undervalued or has further turnaround potential. Ryan Cohen GameStop insider trading information
- Positive Sentiment: Jim Cramer said GameStop is a buy, citing its profitability, cash reserves, recent performance and ongoing turnaround efforts. Although the comments were made on September 17, their publication may reinforce bullish sentiment among retail investors. Jim Cramer on GameStop
- Neutral Sentiment: Speculation that retail trader Keith Gill, known online as “Roaring Kitty,” may be active again helped draw attention to GME. However, the speculation is based on an unverified account and does not represent a confirmed business catalyst. Roaring Kitty GameStop speculation
- Neutral Sentiment: Broader market futures were higher ahead of an anticipated U.S.-China summit, providing a generally supportive market backdrop but no company-specific fundamental change for GameStop. Market futures and GameStop stocks in focus
- Negative Sentiment: GameStop’s longer-term investment case remains dependent on executing its turnaround. Quarterly revenue had previously declined year over year, meaning the stock’s current support relies heavily on profitability, cash holdings, insider buying and investor sentiment rather than sustained sales growth.
GameStop Company Profile
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Get Free Report)
GameStop Corp. is a multichannel retailer specializing in video games, gaming hardware, accessories and related entertainment products. Its offerings include new and pre-owned consoles and games, controllers, headsets, collectibles, apparel, toys and trading cards. The company sells through its retail stores, e-commerce websites and other digital channels.
Founded in 1984 as Babbage's, the company expanded through acquisitions and adopted the GameStop name in 2000. It has historically operated stores in the United States, Canada, Australia and several European markets, although its international footprint has changed over time as the company has closed or sold certain operations.
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