Alain Attal Acquires 5,000 Shares of GameStop (NYSE:GME) Stock

GameStop Corp. (NYSE:GME) Director Alain Attal bought 5,000 shares of the business’s stock in a transaction on Thursday, September 10th. The shares were acquired at an average cost of $20.00 per share, for a total transaction of $100,000.00. Following the purchase, the director directly owned 601,464 shares in the company, valued at $12,029,280. This represents a 0.84% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

GameStop Stock Performance

GME stock traded up $0.53 during trading on Thursday, reaching $20.42. 10,561,059 shares of the company’s stock were exchanged, compared to its average volume of 7,076,625. GameStop Corp. has a 1-year low of $17.79 and a 1-year high of $28.10. The firm has a market cap of $9.16 billion, a PE ratio of 13.43 and a beta of 1.72. The company’s fifty day moving average price is $20.11 and its 200-day moving average price is $22.01. The company has a quick ratio of 11.91, a current ratio of 12.40 and a debt-to-equity ratio of 0.71.

GameStop (NYSE:GME) last issued its quarterly earnings results on Tuesday, September 8th. The company reported $0.27 EPS for the quarter, meeting analysts’ consensus estimates of $0.27. GameStop had a return on equity of 13.94% and a net margin of 25.16%.The company had revenue of $790.20 million for the quarter, compared to analyst estimates of $756.85 million. During the same period last year, the company earned $0.31 earnings per share. The company’s quarterly revenue was down 18.7% compared to the same quarter last year.

Analyst Upgrades and Downgrades

A number of research firms have commented on GME. Weiss Ratings restated a “hold (c)” rating on shares of GameStop in a research report on Wednesday, July 29th. Wall Street Zen lowered shares of GameStop from a “buy” rating to a “hold” rating in a research note on Monday. One analyst has rated the stock with a Hold rating, According to MarketBeat, GameStop presently has an average rating of “Hold”.

Key Stories Impacting GameStop

Here are the key news stories impacting GameStop this week:

• Positive Sentiment: GameStop reported adjusted Q2 EPS of $0.27 and revenue of $790.2 million, beating one cited consensus estimate of $0.19 EPS and approximately $756.8 million in revenue. Collectibles revenue surged 57%, providing evidence of growth in a potentially higher-margin business. GameStop beats second quarter estimates on collectibles
• Positive Sentiment: Director Lawrence Cheng bought 55,000 shares for approximately $1.03 million, increasing his direct holdings by 62.5%. Director James Grube separately purchased 10,255 shares for about $196,000, lifting his stake by 35%. The purchases are supporting retail-investor sentiment and may signal insider confidence in GME’s valuation or turnaround prospects. Lawrence Cheng GameStop stock purchase James Grube GameStop stock purchase
• Positive Sentiment: Trading activity has reflected bullish speculation: investors purchased about 245,499 GME call options, roughly 58% above typical daily volume. Some investors also believe the collectibles business could support a higher valuation than the shrinking legacy retail operation.
• Neutral Sentiment: Investors continue to monitor how Chairman Ryan Cohen may deploy GameStop’s substantial cash reserves. Reports about a possible eBay bid or withdrawal have fueled speculation, but no transaction was confirmed in the supplied coverage. GameStop’s month explained
• Negative Sentiment: Revenue declined 18.7% year over year to $790.2 million, while EPS fell from $0.31 to $0.27. Software and hardware sales weakened, raising concerns that collectibles growth may not yet offset deterioration in GameStop’s traditional gaming business.
• Negative Sentiment: Analyst coverage remains cautious, with GameStop generally rated “Hold”; one service recently downgraded the shares from “Buy” to “Hold.” Commentary also favors eBay as a cleaner and more profitable investment, limiting enthusiasm for GME.

Institutional Trading of GameStop

Institutional investors have recently modified their holdings of the company. Northwestern Mutual Investment Management Company LLC boosted its stake in GameStop by 0.5% during the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 92,197 shares of the company’s stock valued at $1,851,000 after buying an additional 463 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in GameStop by 0.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 131,002 shares of the company’s stock valued at $3,574,000 after acquiring an additional 578 shares during the last quarter. Panagora Asset Management Inc. boosted its position in shares of GameStop by 4.5% during the 4th quarter. Panagora Asset Management Inc. now owns 13,692 shares of the company’s stock valued at $275,000 after purchasing an additional 594 shares in the last quarter. UMB Bank n.a. boosted its position in shares of GameStop by 14.5% during the 4th quarter. UMB Bank n.a. now owns 4,694 shares of the company’s stock valued at $94,000 after purchasing an additional 595 shares in the last quarter. Finally, Rakuten Securities Inc. grew its stake in shares of GameStop by 9.4% in the 2nd quarter. Rakuten Securities Inc. now owns 7,572 shares of the company’s stock worth $185,000 after purchasing an additional 650 shares during the last quarter. Institutional investors and hedge funds own 29.21% of the company’s stock.

About GameStop

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.