GameSquare (NASDAQ:GAME) Upgraded by Zacks Research to Hold Rating

GameSquare (NASDAQ:GAME) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other equities analysts have also commented on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of GameSquare in a research report on Tuesday, April 21st. Wall Street Zen raised shares of GameSquare to a “hold” rating in a research note on Saturday, April 25th. Finally, ThinkEquity started coverage on shares of GameSquare in a research note on Monday. They set a “buy” rating on the stock. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold”.

GameSquare Stock Performance

GAME opened at $0.43 on Monday. The firm has a market cap of $40.17 million, a P/E ratio of -0.73 and a beta of 1.52. GameSquare has a fifty-two week low of $0.24 and a fifty-two week high of $2.87. The firm has a 50-day moving average of $0.42 and a 200 day moving average of $0.40.

Insiders Place Their Bets

In related news, insider & Silver Ventures Ltd. Blue purchased 144,346 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The shares were acquired at an average price of $0.42 per share, for a total transaction of $60,625.32. Following the completion of the acquisition, the insider directly owned 5,997,620 shares in the company, valued at approximately $2,519,000.40. The trade was a 2.47% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have acquired a total of 2,998,810 shares of company stock valued at $1,651,705 in the last quarter. Insiders own 5.20% of the company’s stock.

Institutional Trading of GameSquare

A number of hedge funds have recently modified their holdings of GAME. Vanguard Group Inc. raised its position in shares of GameSquare by 353.8% in the 3rd quarter. Vanguard Group Inc. now owns 4,282,748 shares of the entertainment company’s stock worth $2,908,000 after purchasing an additional 3,339,080 shares during the last quarter. Polar Asset Management Partners Inc. purchased a new position in shares of GameSquare in the 3rd quarter worth about $1,358,000. UBS Group AG raised its position in shares of GameSquare by 275,329.0% in the 3rd quarter. UBS Group AG now owns 1,669,100 shares of the entertainment company’s stock worth $1,133,000 after purchasing an additional 1,668,494 shares during the last quarter. Geode Capital Management LLC raised its position in shares of GameSquare by 16.6% in the 4th quarter. Geode Capital Management LLC now owns 970,853 shares of the entertainment company’s stock worth $374,000 after purchasing an additional 138,361 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in GameSquare by 6.4% in the 1st quarter. Renaissance Technologies LLC now owns 605,300 shares of the entertainment company’s stock worth $163,000 after buying an additional 36,200 shares during the last quarter. Institutional investors own 64.25% of the company’s stock.

About GameSquare

GameSquare Inc (NASDAQ: GAME) is a digital media and marketing company focused on the global gaming and esports industries. The company operates a network of online properties and community platforms that deliver editorial content, live event coverage, and video programming to enthusiasts and consumers. GameSquare’s offerings span both traditional gaming titles and competitive esports leagues, enabling advertisers and brand partners to engage with a diverse and highly engaged audience.

Through its flagship Enthusiast Gaming network, GameSquare oversees a portfolio of more than 35 websites and digital channels, including long-standing properties such as Destructoid, The Escapist and Daily Esports.