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

GameStop Corp. (NYSE:GME) insider Daniel William Moore sold 2,376 shares of the 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 sale, the insider now directly owns 34,904 shares of the company’s stock, valued at approximately $750,436. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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 stock was sold at an average price of $21.96, for a total transaction of $43,305.12.

GameStop Stock Down 0.4 %

Shares of GME stock opened at $20.83 on Friday. The company’s fifty day simple moving average is $21.73 and its two-hundred day simple moving average is $21.20. GameStop Corp. has a 52 week low of $9.95 and a 52 week high of $64.83. The stock has a market cap of $7.32 billion, a P/E ratio of 260.38 and a beta of -0.19.

GameStop (NYSE:GME) last posted 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. GameStop had a return on equity of 1.79% and a net margin of 0.93%. The company had revenue of $798.30 million for the quarter, compared to the consensus estimate of $895.67 million. During the same period in the previous year, the business earned ($0.03) earnings per share. The firm’s revenue for the quarter was down 31.4% on a year-over-year basis. On average, analysts anticipate that GameStop Corp. will post 0.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on GME. StockNews.com upgraded GameStop to a “sell” rating in a research report on Wednesday, September 25th. Wedbush dropped their price target 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 Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of GME. Coatue Management LLC bought a new position in GameStop during the fourth quarter valued at $1,315,000. Virtu Financial LLC bought a new position in shares of GameStop in the 4th quarter valued at about $316,000. Wellington Management Group LLP grew its position in GameStop by 312.2% in the fourth quarter. Wellington Management Group LLP now owns 77,097 shares of the company’s stock worth $1,352,000 after acquiring an additional 58,394 shares in the last quarter. Vanguard Group Inc. increased its stake in GameStop by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 25,450,256 shares of the company’s stock worth $446,143,000 after acquiring an additional 167,145 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in GameStop by 21.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 12,025 shares of the company’s stock valued at $211,000 after purchasing an additional 2,105 shares during the period. 29.21% of the stock is owned by hedge funds and other institutional investors.

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.