Key Points
- GameStop director Nat Turner purchased 10,462 shares at an average price of $24.33, representing a total investment of approximately $254,540. The transaction was disclosed in an SEC filing.
- GameStop shares opened at $24.14, while the company reported quarterly revenue of $790.2 million and EPS of $0.27. Revenue declined 18.7% year over year, though it exceeded analyst estimates.
- Analyst sentiment remains cautious, with the consensus rating at “Hold”. Institutional investors own 29.21% of the stock, and several major funds recently increased their positions.
GameStop Corp. (NYSE:GME - Get Free Report) Director Nat Turner acquired 10,462 shares of the business's stock in a transaction dated Thursday, October 1st. The stock was acquired at an average cost of $24.33 per share, for a total transaction of $254,540.46. Following the transaction, the director owned 10,462 shares of the company's stock, valued at $254,540.46. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
GameStop Stock Down 2.1%
GameStop stock opened at $24.14 on Friday. The company has a market cap of $12.18 billion, a P/E ratio of 15.88 and a beta of 1.62. GameStop Corp. has a 1-year low of $17.79 and a 1-year high of $28.10. The company has a fifty day simple moving average of $20.42 and a 200 day simple moving average of $21.89. The company has a current ratio of 8.72, a quick ratio of 8.07 and a debt-to-equity ratio of 0.68.
GameStop (NYSE:GME - Get Free Report) last issued its quarterly earnings results on Tuesday, September 8th. The company reported $0.27 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.27. GameStop had a net margin of 25.16% and a return on equity of 13.57%. The firm had revenue of $790.20 million for the quarter, compared to analyst estimates of $756.85 million. During the same period in the previous year, the business earned $0.31 EPS. The company's revenue was down 18.7% compared to the same quarter last year.
Institutional Trading of GameStop
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its stake in GameStop by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 7,340,631 shares of the company's stock valued at $147,431,000 after acquiring an additional 92,996 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of GameStop by 189.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,909,284 shares of the company's stock worth $90,046,000 after purchasing an additional 2,557,079 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of GameStop by 376.2% during the 1st quarter. Renaissance Technologies LLC now owns 2,650,303 shares of the company's stock worth $61,063,000 after purchasing an additional 2,093,755 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of GameStop by 19.3% in the 4th quarter. Pacer Advisors Inc. now owns 1,112,535 shares of the company's stock valued at $22,340,000 after purchasing an additional 180,356 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in shares of GameStop by 3.8% in the 1st quarter. Principal Financial Group Inc. now owns 919,960 shares of the company's stock valued at $21,196,000 after purchasing an additional 33,553 shares during the period. 29.21% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on the company. Weiss Ratings reiterated a "hold (c)" rating on shares of GameStop in a 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 research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of "Hold".
Read Our Latest Report on GameStop
Key GameStop News
Here are the key news stories impacting GameStop this week:
- Positive Sentiment: Ryan Cohen bought another 450,000 GameStop shares for approximately $10.6 million. The purchase was made at an average of $23.48 per share and increased his direct ownership to roughly 40.95 million shares. It follows purchases of 1 million shares on September 10 and 1.15 million shares on September 21, bringing his September buying to about 2.6 million shares worth approximately $57.3 million. The repeated open-market purchases signal confidence from senior leadership and have helped support recent gains in GME. GameStop insider purchase report
- Positive Sentiment: Other GameStop directors reportedly followed Cohen with purchases. Buying shares at progressively higher prices strengthens the insider-alignment narrative and suggests that several company insiders view the stock as attractive despite its volatility. Ryan Cohen and director purchases
- Neutral Sentiment: Institutional activity provides some additional support. Several funds initiated or increased GameStop positions during the second quarter, although institutional ownership remains a minority of the shares outstanding. The stock is also trading above its 50-day and 200-day moving averages, reflecting improved recent momentum.
- Negative Sentiment: Fundamental concerns remain unresolved. GameStop’s latest quarterly revenue fell 18.7% year over year, and earnings matched estimates rather than exceeded them. The company is still navigating an operational transition, while the consensus analyst rating remains “Hold”; one rating service recently downgraded the shares. The insider-buying thesis could be challenged if revenue declines continue or the company fails to produce sustainable growth.
About GameStop
(
Get Free Report)
GameStop Corp. is a multichannel retailer focused on video game products and related entertainment merchandise. The company sells new and pre-owned video game hardware, software, accessories and consumer electronics through its retail stores and e-commerce websites. Its product offerings include gaming consoles, controllers, headsets, games and other equipment for major platforms.
GameStop also sells collectibles, apparel, toys, trading cards and other products connected to video games and popular culture.
Further Reading
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