GameStop Corp. (NYSE:GME) Insider Daniel William Moore Sells 7,779 Shares

GameStop Corp. (NYSE:GME) insider Daniel William Moore sold 7,779 shares of the firm’s stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $10.20, for a total transaction of $79,345.80. Following the transaction, the insider now directly owns 13,606 shares in the company, valued at $138,781.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Monday, April 8th, Daniel William Moore sold 526 shares of GameStop stock. The shares were sold at an average price of $11.25, for a total transaction of $5,917.50.
• On Tuesday, April 2nd, Daniel William Moore sold 1,052 shares of GameStop stock. The shares were sold at an average price of $11.61, for a total transaction of $12,213.72.

GameStop Stock Performance

NYSE:GME opened at $11.90 on Friday. GameStop Corp. has a fifty-two week low of $9.95 and a fifty-two week high of $27.65. The firm’s 50 day moving average is $12.84 and its two-hundred day moving average is $14.06. The company has a market cap of $3.64 billion, a P/E ratio of 595.30 and a beta of -0.45. The company has a quick ratio of 1.44, a current ratio of 2.11 and a debt-to-equity ratio of 0.01.

GameStop (NYSE:GME) last released its quarterly earnings data on Tuesday, March 26th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.07). The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $2.05 billion. GameStop had a net margin of 0.13% and a return on equity of 1.35%. The business’s revenue for the quarter was down 19.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.16 earnings per share. Analysts expect that GameStop Corp. will post 0.01 EPS for the current year.

Analysts Set New Price Targets

Several analysts have commented on the stock. Wedbush lowered their target price on shares of GameStop from $6.00 to $5.60 and set an “underperform” rating for the company in a research note on Wednesday, March 27th. StockNews.com upgraded GameStop from a “sell” rating to a “hold” rating in a research note on Wednesday, March 27th.

Institutional Investors Weigh In On GameStop

Several institutional investors and hedge funds have recently modified their holdings of GME. Xponance Inc. boosted its holdings in GameStop by 2.7% in the 3rd quarter. Xponance Inc. now owns 32,094 shares of the company’s stock worth $528,000 after acquiring an additional 854 shares during the period. Rafferty Asset Management LLC grew its holdings in GameStop by 3.9% during the 3rd quarter. Rafferty Asset Management LLC now owns 25,543 shares of the company’s stock valued at $420,000 after purchasing an additional 957 shares in the last quarter. Treasurer of the State of North Carolina increased its stake in GameStop by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 118,788 shares of the company’s stock worth $2,082,000 after buying an additional 1,160 shares during the period. IFP Advisors Inc lifted its holdings in GameStop by 99.7% in the 3rd quarter. IFP Advisors Inc now owns 2,708 shares of the company’s stock worth $45,000 after buying an additional 1,352 shares in the last quarter. Finally, Federated Hermes Inc. boosted its position in GameStop by 3.8% in the 3rd quarter. Federated Hermes Inc. now owns 36,902 shares of the company’s stock valued at $607,000 after buying an additional 1,363 shares during the last quarter. Hedge funds and other institutional investors own 29.21% of the company’s stock.

About GameStop

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.