GameStop Corp. (NYSE:GME) Insider Sells $51,084.00 in Stock

GameStop Corp. (NYSE:GME) insider Daniel William Moore sold 2,376 shares of GameStop stock in a transaction on Monday, October 7th. The stock was sold at an average price of $21.50, for a total transaction of $51,084.00. Following the completion of the transaction, the insider now directly owns 34,904 shares of the company’s stock, valued at $750,436. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Daniel William Moore also recently made the following trade(s):

• On Wednesday, October 2nd, Daniel William Moore sold 1,972 shares of GameStop stock. The shares were sold at an average price of $21.96, for a total value of $43,305.12.

GameStop Trading Up 2.0 %

NYSE GME opened at $20.91 on Friday. GameStop Corp. has a 12-month low of $9.95 and a 12-month high of $64.83. The firm’s fifty day simple moving average is $21.75 and its two-hundred day simple moving average is $21.13. The firm has a market capitalization of $8.92 billion, a P/E ratio of 160.82 and a beta of -0.19.

GameStop (NYSE:GME) last released its earnings results on Tuesday, September 10th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.09. The company had revenue of $798.30 million during the quarter, compared to analysts’ expectations of $895.67 million. GameStop had a net margin of 0.93% and a return on equity of 1.79%. GameStop’s revenue for the quarter was down 31.4% on a year-over-year basis. During the same period last year, the business earned ($0.03) EPS. As a group, sell-side analysts predict that GameStop Corp. will post 0.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on GME shares. StockNews.com upgraded GameStop to a “sell” rating in a report on Wednesday, September 25th. Wedbush decreased their price objective on GameStop from $11.00 to $10.00 and set an “underperform” rating for the company in a research note on Wednesday, September 11th.

Institutional Trading of GameStop

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Coatue Management LLC acquired a new stake in shares of GameStop during the fourth quarter worth about $1,315,000. Virtu Financial LLC purchased a new stake in shares of GameStop in the 4th quarter valued at $316,000. Wellington Management Group LLP raised its holdings in shares of GameStop by 312.2% during the fourth quarter. Wellington Management Group LLP now owns 77,097 shares of the company’s stock worth $1,352,000 after purchasing an additional 58,394 shares during the last quarter. Vanguard Group Inc. boosted its holdings in GameStop by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 25,450,256 shares of the company’s stock valued at $446,143,000 after purchasing an additional 167,145 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of GameStop by 21.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 12,025 shares of the company’s stock valued at $211,000 after buying an additional 2,105 shares during the last quarter. Institutional investors and hedge funds own 29.21% of the company’s stock.

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.