GameStop (NYSE:GME) Trading Down 2%

GameStop Corp. (NYSE:GME) shares traded down 2% during trading on Thursday . The stock traded as low as $22.18 and last traded at $22.21. 2,297,060 shares changed hands during trading, a decline of 91% from the average session volume of 24,781,570 shares. The stock had previously closed at $22.67.

Analyst Ratings Changes

GME has been the subject of several research analyst reports. Wedbush dropped their price objective on shares of GameStop from $13.50 to $11.00 and set an “underperform” rating for the company in a research report on Wednesday, June 12th. StockNews.com raised GameStop to a “sell” rating in a research note on Tuesday, July 23rd.

GameStop Stock Down 3.9 %

The firm has a market capitalization of $7.65 billion, a P/E ratio of 277.66 and a beta of -0.10. The firm’s 50-day moving average is $25.29 and its 200 day moving average is $18.52. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.42 and a current ratio of 2.22.

GameStop (NYSE:GME) last announced its quarterly earnings results on Friday, June 7th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.03). The business had revenue of $881.80 million for the quarter, compared to analyst estimates of $995.30 million. GameStop had a return on equity of 1.78% and a net margin of 0.51%. GameStop’s quarterly revenue was down 28.7% compared to the same quarter last year. During the same period last year, the firm earned ($0.14) EPS. As a group, equities research analysts predict that GameStop Corp. will post 0.08 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, General Counsel Mark Haymond Robinson sold 2,215 shares of the stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $26.33, for a total transaction of $58,320.95. Following the sale, the general counsel now directly owns 48,408 shares of the company’s stock, valued at approximately $1,274,582.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other GameStop news, General Counsel Mark Haymond Robinson sold 2,215 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $26.33, for a total transaction of $58,320.95. Following the completion of the transaction, the general counsel now owns 48,408 shares of the company’s stock, valued at $1,274,582.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Lawrence Cheng acquired 4,140 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The shares were purchased at an average cost of $24.85 per share, for a total transaction of $102,879.00. Following the acquisition, the director now owns 69,228 shares in the company, valued at $1,720,315.80. The disclosure for this purchase can be found here. Insiders have sold a total of 3,397 shares of company stock worth $84,106 in the last 90 days. Company insiders own 12.28% of the company’s stock.

Institutional Trading of GameStop

A number of large investors have recently bought and sold shares of the business. AlphaMark Advisors LLC raised its holdings in shares of GameStop by 41.7% during the second quarter. AlphaMark Advisors LLC now owns 1,345 shares of the company’s stock valued at $33,000 after purchasing an additional 396 shares during the period. GAMMA Investing LLC raised its stake in GameStop by 32.9% during the 2nd quarter. GAMMA Investing LLC now owns 2,064 shares of the company’s stock worth $51,000 after buying an additional 511 shares during the period. Treasurer of the State of North Carolina boosted its holdings in GameStop by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 118,788 shares of the company’s stock worth $2,082,000 after acquiring an additional 1,160 shares in the last quarter. Swiss National Bank grew its stake in GameStop by 0.3% in the first quarter. Swiss National Bank now owns 542,828 shares of the company’s stock valued at $6,796,000 after acquiring an additional 1,400 shares during the period. Finally, CWM LLC increased its holdings in shares of GameStop by 115.6% during the second quarter. CWM LLC now owns 2,660 shares of the company’s stock valued at $66,000 after acquiring an additional 1,426 shares in the last quarter. 29.21% of the stock is currently 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.