Daniel William Moore Sells 5,477 Shares of GameStop (NYSE:GME) Stock

GameStop Corp. (NYSE:GMEGet Free Report) insider Daniel William Moore sold 5,477 shares of the company’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $20.44, for a total transaction of $111,949.88. Following the transaction, the insider owned 108,224 shares of the company’s stock, valued at $2,212,098.56. This represents a 4.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

GameStop Stock Up 3.0%

Shares of NYSE GME opened at $21.29 on Thursday. The firm has a market cap of $9.54 billion, a price-to-earnings ratio of 25.96 and a beta of -1.23. The company’s 50-day simple moving average is $21.59 and its 200-day simple moving average is $22.99. The company has a quick ratio of 9.77, a current ratio of 10.39 and a debt-to-equity ratio of 0.78. GameStop Corp. has a 52-week low of $19.93 and a 52-week high of $35.81.

GameStop (NYSE:GMEGet Free Report) last released its quarterly earnings results on Tuesday, December 9th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.04. GameStop had a net margin of 11.08% and a return on equity of 9.75%. The firm had revenue of $821.00 million during the quarter, compared to the consensus estimate of $987.29 million. During the same quarter in the prior year, the firm earned $0.06 EPS. The company’s revenue for the quarter was down 4.6% on a year-over-year basis. Equities analysts predict that GameStop Corp. will post 0.08 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of GameStop in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, GameStop currently has an average rating of “Reduce” and an average target price of $13.50.

Read Our Latest Research Report on GME

GameStop News Summary

Here are the key news stories impacting GameStop this week:

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GME. JPMorgan Chase & Co. increased its position in shares of GameStop by 28.3% during the second quarter. JPMorgan Chase & Co. now owns 1,025,993 shares of the company’s stock valued at $25,024,000 after acquiring an additional 226,234 shares during the last quarter. Bayforest Capital Ltd lifted its holdings in shares of GameStop by 654.6% in the 1st quarter. Bayforest Capital Ltd now owns 15,212 shares of the company’s stock worth $340,000 after acquiring an additional 13,196 shares during the last quarter. Triumph Capital Management boosted its position in shares of GameStop by 194.6% during the 2nd quarter. Triumph Capital Management now owns 35,155 shares of the company’s stock worth $857,000 after purchasing an additional 23,222 shares during the period. Marshall Wace LLP increased its holdings in GameStop by 347.7% in the 2nd quarter. Marshall Wace LLP now owns 6,657,678 shares of the company’s stock valued at $162,381,000 after purchasing an additional 5,170,741 shares during the last quarter. Finally, Voya Investment Management LLC raised its position in GameStop by 28.8% in the first quarter. Voya Investment Management LLC now owns 179,896 shares of the company’s stock valued at $4,015,000 after purchasing an additional 40,238 shares during the period. Hedge funds and other institutional investors own 29.21% of the company’s stock.

GameStop Company Profile

(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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Insider Buying and Selling by Quarter for GameStop (NYSE:GME)

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