GameStop Corp. (NYSE:GME) Insider Sells $55,104.00 in Stock

GameStop Corp. (NYSE:GME) insider Daniel William Moore sold 2,624 shares of the stock in a transaction on Friday, October 11th. The stock was sold at an average price of $21.00, for a total transaction of $55,104.00. Following the transaction, the insider now directly owns 32,280 shares in the company, valued at $677,880. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, October 7th, Daniel William Moore sold 2,376 shares of GameStop stock. The stock was sold at an average price of $21.50, for a total value of $51,084.00.
• On Wednesday, October 2nd, Daniel William Moore sold 1,972 shares of GameStop stock. The shares were sold at an average price of $21.96, for a total value of $43,305.12.

GameStop Stock Performance

NYSE GME opened at $21.28 on Wednesday. The stock has a 50-day simple moving average of $21.74 and a 200 day simple moving average of $21.39. GameStop Corp. has a twelve month low of $9.95 and a twelve month high of $64.83. The stock has a market capitalization of $7.47 billion, a PE ratio of 266.00 and a beta of -0.19.

GameStop (NYSE:GME) last issued its quarterly 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. The company had revenue of $798.30 million during the quarter, compared to analyst estimates of $895.67 million. GameStop had a return on equity of 1.79% and a net margin of 0.93%. The company’s quarterly revenue was down 31.4% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.03) earnings per share. As a group, equities research analysts forecast that GameStop Corp. will post 0.01 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on the company. StockNews.com upgraded GameStop to a “sell” rating in a report on Wednesday, September 25th. Wedbush lowered their target price on shares of GameStop from $11.00 to $10.00 and set an “underperform” rating on the stock in a research note on Wednesday, September 11th.

Institutional Trading of GameStop

Several hedge funds and other institutional investors have recently bought and sold shares of GME. Selway Asset Management grew its position in GameStop by 10.9% during the third quarter. Selway Asset Management now owns 30,500 shares of the company’s stock worth $699,000 after buying an additional 3,000 shares in the last quarter. UMB Bank n.a. lifted its position in shares of GameStop by 535.8% in the 3rd quarter. UMB Bank n.a. now owns 1,138 shares of the company’s stock worth $26,000 after acquiring an additional 959 shares during the period. CWM LLC lifted its position in shares of GameStop by 19.9% in the 3rd quarter. CWM LLC now owns 3,189 shares of the company’s stock worth $73,000 after acquiring an additional 529 shares during the period. Handelsbanken Fonder AB increased its position in shares of GameStop by 21.0% during the third quarter. Handelsbanken Fonder AB now owns 80,000 shares of the company’s stock valued at $1,834,000 after purchasing an additional 13,900 shares during the period. Finally, Algert Global LLC acquired a new position in shares of GameStop in the second quarter valued at $1,003,000. 29.21% of the stock is currently owned by institutional investors and hedge funds.

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.