GameStop (NYSE:GME) Insider Sells 7,085 Shares of Stock

GameStop Corp. (NYSE:GME) insider Daniel William Moore sold 7,085 shares of the company’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $22.38, for a total transaction of $158,562.30. Following the transaction, the insider owned 115,125 shares of the company’s stock, valued at approximately $2,576,497.50. The trade was a 5.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

GameStop Price Performance

Shares of GME opened at $22.74 on Tuesday. The company has a current ratio of 12.40, a quick ratio of 11.91 and a debt-to-equity ratio of 0.71. The stock’s 50 day moving average is $22.43 and its two-hundred day moving average is $22.85. GameStop Corp. has a twelve month low of $19.93 and a twelve month high of $28.10. The firm has a market capitalization of $10.20 billion, a PE ratio of 17.23 and a beta of 1.76.

GameStop (NYSE:GME) last posted its quarterly earnings results on Tuesday, June 2nd. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.16 by $0.14. GameStop had a return on equity of 13.75% and a net margin of 20.45%.The business had revenue of $835.30 million during the quarter, compared to analysts’ expectations of $766.63 million. During the same period last year, the firm earned $0.17 EPS. The company’s quarterly revenue was up 14.0% compared to the same quarter last year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Van ECK Associates Corp raised its position in shares of GameStop by 58.3% during the 3rd quarter. Van ECK Associates Corp now owns 3,098,538 shares of the company’s stock worth $84,528,000 after purchasing an additional 1,141,215 shares during the last quarter. Clear Street Group Inc. acquired a new stake in GameStop during the 3rd quarter valued at $29,971,000. Flow Traders U.S. LLC grew its holdings in GameStop by 189.1% during the 3rd quarter. Flow Traders U.S. LLC now owns 126,543 shares of the company’s stock valued at $3,452,000 after buying an additional 82,772 shares during the last quarter. Geode Capital Management LLC increased its position in GameStop by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 7,340,631 shares of the company’s stock worth $147,431,000 after buying an additional 92,996 shares in the last quarter. Finally, FORA Capital LLC acquired a new position in shares of GameStop in the third quarter worth $1,949,000. Hedge funds and other institutional investors own 29.21% of the company’s stock.

Wall Street Analysts Forecast Growth

GME has been the subject of a number of research analyst reports. Weiss Ratings upgraded shares of GameStop from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 1st. Wall Street Zen raised shares of GameStop from a “hold” rating to a “buy” rating in a report on Sunday, June 14th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, GameStop has a consensus rating of “Hold”.

GameStop Company Profile

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.