Daniel William Moore Sells 1,972 Shares of GameStop Corp. (NYSE:GME) Stock

GameStop Corp. (NYSE:GME) insider Daniel William Moore sold 1,972 shares of the stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $21.96, for a total transaction of $43,305.12. Following the completion of the sale, the insider now directly owns 37,280 shares in the company, valued at $818,668.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

GameStop Price Performance

NYSE GME traded down $0.29 during trading hours on Thursday, hitting $21.20. The company’s stock had a trading volume of 4,654,160 shares, compared to its average volume of 21,299,648. GameStop Corp. has a 12 month low of $9.95 and a 12 month high of $64.83. The company’s 50 day simple moving average is $21.99 and its two-hundred day simple moving average is $20.87. The company has a market cap of $7.45 billion, a P/E ratio of 265.00 and a beta of -0.17.

GameStop (NYSE:GME) last released its quarterly earnings results on Tuesday, September 10th. The company reported $0.01 earnings per share (EPS) for the quarter, beating 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 business had revenue of $798.30 million during the quarter, compared to the consensus estimate of $895.67 million. During the same period in the previous year, the company posted ($0.03) EPS. The business’s quarterly revenue was down 31.4% compared to the same quarter last year. As a group, research analysts predict that GameStop Corp. will post 0.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. StockNews.com raised GameStop to a “sell” rating in a research note on Wednesday, September 25th. Wedbush dropped 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.

Hedge Funds Weigh In On GameStop

Several large investors have recently modified their holdings of the stock. AlphaMark Advisors LLC lifted its holdings in shares of GameStop by 41.7% in the 2nd quarter. AlphaMark Advisors LLC now owns 1,345 shares of the company’s stock worth $33,000 after buying an additional 396 shares during the period. Centerpoint Advisors LLC acquired a new position in shares of GameStop in the second quarter valued at about $47,000. GAMMA Investing LLC grew its holdings in 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 acquiring an additional 511 shares during the period. Russell Investments Group Ltd. grew its holdings in GameStop by 147.2% during the first quarter. Russell Investments Group Ltd. now owns 5,080 shares of the company’s stock worth $65,000 after acquiring an additional 3,025 shares during the period. Finally, CWM LLC boosted its position in GameStop by 115.6% during the second quarter. CWM LLC now owns 2,660 shares of the company’s stock worth $66,000 after purchasing an additional 1,426 shares in the last quarter. Institutional investors 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.