GameStop (NYSE:GME) Trading Up 4.4%

GameStop Corp. (NYSE:GME) shares traded up 4.4% on Wednesday . The stock traded as high as $10.64 and last traded at $10.61. 1,969,949 shares changed hands during mid-day trading, a decline of 47% from the average session volume of 3,748,433 shares. The stock had previously closed at $10.16.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. StockNews.com raised shares of GameStop from a “sell” rating to a “hold” rating in a research report on Wednesday, March 27th. Wedbush dropped their target price on shares of GameStop from $6.00 to $5.60 and set an “underperform” rating for the company in a research report on Wednesday, March 27th.

GameStop Price Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.44 and a current ratio of 2.11. The business’s 50 day simple moving average is $12.88 and its 200-day simple moving average is $14.09. The stock has a market capitalization of $3.64 billion, a price-to-earnings ratio of 595.30 and a beta of -0.45.

GameStop (NYSE:GME) last posted its earnings results on Tuesday, March 26th. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.07). The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $2.05 billion. GameStop had a net margin of 0.13% and a return on equity of 1.35%. The company’s revenue for the quarter was down 19.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.16 earnings per share. Research analysts anticipate that GameStop Corp. will post 0.01 earnings per share for the current year.

Insider Buying and Selling at GameStop

In other GameStop news, General Counsel Mark Haymond Robinson sold 4,379 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $11.61, for a total transaction of $50,840.19. Following the completion of the transaction, the general counsel now directly owns 64,308 shares of the company’s stock, valued at approximately $746,615.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other GameStop news, insider Daniel William Moore sold 7,779 shares of the business’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $10.20, for a total transaction of $79,345.80. Following the sale, the insider now directly owns 13,606 shares in the company, valued at approximately $138,781.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Mark Haymond Robinson sold 4,379 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $11.61, for a total transaction of $50,840.19. Following the sale, the general counsel now owns 64,308 shares in the company, valued at $746,615.88. The disclosure for this sale can be found here. Insiders sold 27,207 shares of company stock valued at $285,048 in the last ninety days. Company insiders own 12.64% of the company’s stock.

Institutional Trading of GameStop

Hedge funds and other institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc raised its position in shares of GameStop by 99.7% during the 3rd quarter. IFP Advisors Inc now owns 2,708 shares of the company’s stock worth $45,000 after buying an additional 1,352 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of GameStop by 175.6% in the 3rd quarter. Fifth Third Bancorp now owns 2,855 shares of the company’s stock worth $47,000 after purchasing an additional 1,819 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of GameStop in the 4th quarter worth approximately $55,000. First United Bank & Trust bought a new stake in shares of GameStop in the 4th quarter worth approximately $70,000. Finally, Exchange Traded Concepts LLC raised its holdings in shares of GameStop by 278.9% in the 3rd quarter. Exchange Traded Concepts LLC now owns 6,567 shares of the company’s stock worth $108,000 after purchasing an additional 4,834 shares in the last quarter. 29.21% of the stock is currently owned by institutional investors.

GameStop Company Profile

GameStop Corp., a specialty retailer, provides games and entertainment products through its stores and ecommerce platforms in the United States, Canada, Australia, and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, and virtual reality products; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads.