GameStop (NYSE:GME) Stock Price Up 0.9%

GameStop Corp. (NYSE:GME)’s share price shot up 0.9% on Tuesday . The stock traded as high as $22.17 and last traded at $22.07. 1,171,093 shares changed hands during trading, a decline of 95% from the average session volume of 23,872,037 shares. The stock had previously closed at $21.88.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on GME shares. StockNews.com upgraded GameStop to a “sell” rating in a research report on Saturday, August 3rd. Wedbush dropped their target price on GameStop from $13.50 to $11.00 and set an “underperform” rating for the company in a report on Wednesday, June 12th.

GameStop Trading Up 0.4 %

The company has a quick ratio of 1.42, a current ratio of 2.22 and a debt-to-equity ratio of 0.01. The company’s 50-day moving average is $24.94 and its 200-day moving average is $19.02. The stock has a market capitalization of $7.75 billion, a price-to-earnings ratio of 274.88 and a beta of -0.09.

GameStop (NYSE:GME) last released its quarterly earnings results on Friday, June 7th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.03). GameStop had a net margin of 0.51% and a return on equity of 1.78%. The firm had revenue of $881.80 million for the quarter, compared to analysts’ expectations of $995.30 million. During the same period in the previous year, the firm posted ($0.14) EPS. The firm’s quarterly revenue was down 28.7% compared to the same quarter last year. Research analysts anticipate that GameStop Corp. will post 0.08 earnings per share for the current fiscal year.

Insider Buying and Selling at GameStop

In other GameStop news, Director Lawrence Cheng purchased 4,140 shares of the firm’s stock in a transaction dated Monday, July 8th. The shares were acquired at an average price of $24.85 per share, with a total value of $102,879.00. Following the purchase, the director now directly owns 69,228 shares in the company, valued at approximately $1,720,315.80. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, General Counsel Mark Haymond Robinson sold 2,215 shares of GameStop stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $26.33, for a total value of $58,320.95. Following the completion of the sale, the general counsel now owns 48,408 shares in the company, valued at approximately $1,274,582.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lawrence Cheng bought 4,140 shares of the business’s stock in a transaction on Monday, July 8th. The stock was purchased at an average cost of $24.85 per share, for a total transaction of $102,879.00. Following the transaction, the director now owns 69,228 shares of the company’s stock, valued at $1,720,315.80. The disclosure for this purchase can be found here. Insiders have sold 3,183 shares of company stock worth $81,001 over the last quarter. 12.28% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On GameStop

A number of institutional investors have recently modified their holdings of the company. AlphaMark Advisors LLC lifted its stake in GameStop by 41.7% during the 2nd quarter. AlphaMark Advisors LLC now owns 1,345 shares of the company’s stock worth $33,000 after acquiring an additional 396 shares in the last quarter. Centerpoint Advisors LLC purchased a new stake in GameStop during the second quarter worth about $47,000. GAMMA Investing LLC lifted its position in shares of GameStop by 32.9% during the second quarter. GAMMA Investing LLC now owns 2,064 shares of the company’s stock worth $51,000 after purchasing an additional 511 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of GameStop in the fourth quarter valued at approximately $55,000. Finally, Russell Investments Group Ltd. grew its holdings in shares of GameStop by 147.2% in the first quarter. Russell Investments Group Ltd. now owns 5,080 shares of the company’s stock valued at $65,000 after purchasing an additional 3,025 shares in the last quarter. 29.21% of the stock is owned by institutional investors and hedge funds.

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.