GameSquare (NASDAQ:GAME) Trading 8.8% Higher – Should You Buy?

GameSquare Holdings, Inc. (NASDAQ:GAME) traded up 8.8% during mid-day trading on Tuesday . The stock traded as high as $0.4335 and last traded at $0.4217. 1,147,003 shares traded hands during mid-day trading, an increase of 36% from the average daily volume of 844,836 shares. The stock had previously closed at $0.3877.

Analysts Set New Price Targets

A number of research analysts have commented on GAME shares. Weiss Ratings raised GameSquare from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 9th. Wall Street Zen upgraded GameSquare to a “hold” rating in a research report on Saturday, April 25th. ThinkEquity started coverage on GameSquare in a research note on Monday, June 8th. They set a “buy” rating on the stock. Finally, Zacks Research upgraded GameSquare from a “strong sell” rating to a “hold” rating in a report on Monday, June 8th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, GameSquare currently has a consensus rating of “Hold”.

GameSquare Stock Performance

The company’s 50-day moving average price is $0.40 and its 200 day moving average price is $0.38. The stock has a market capitalization of $43.45 million, a PE ratio of -0.71 and a beta of 1.51.

Insider Buying and Selling

In related news, insider & Silver Ventures Ltd. Blue acquired 144,346 shares of the stock in a transaction on Wednesday, May 27th. The stock was acquired at an average cost 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 of the company’s stock, valued at approximately $2,519,000.40. This represents a 2.47% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have bought 2,189,701 shares of company stock valued at $1,182,421 in the last ninety days. Company insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC lifted its stake in shares of GameSquare by 23.9% in the 2nd quarter. Geode Capital Management LLC now owns 213,914 shares of the entertainment company’s stock valued at $186,000 after purchasing an additional 41,196 shares during the period. XTX Topco Ltd purchased a new stake in GameSquare in the second quarter worth $38,000. Vanguard Group Inc. grew its stake in GameSquare by 353.8% in the third 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 period. UBS Group AG raised its holdings in GameSquare by 275,329.0% in the third 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 in the last quarter. Finally, Polar Asset Management Partners Inc. bought a new position in GameSquare in the third quarter worth $1,358,000. Institutional investors own 64.25% of the company’s stock.

GameSquare Company Profile

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.