GameStop (NYSE:GME) Insider Daniel William Moore Sells 7,210 Shares of Stock

GameStop Corp. (NYSE:GME) insider Daniel William Moore sold 7,210 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $22.94, for a total value of $165,397.40. Following the transaction, the insider owned 101,014 shares in the company, valued at $2,317,261.16. This represents a 6.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

GameStop Price Performance

Shares of NYSE GME opened at $23.39 on Friday. The stock has a market cap of $10.49 billion, a P/E ratio of 31.18 and a beta of 1.86. GameStop Corp. has a twelve month low of $19.93 and a twelve month high of $35.81. The stock has a 50 day moving average of $23.76 and a two-hundred day moving average of $23.05. The company has a current ratio of 15.30, a quick ratio of 14.68 and a debt-to-equity ratio of 0.76.

GameStop (NYSE:GME) last announced its earnings results on Tuesday, March 24th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.12. GameStop had a net margin of 11.53% and a return on equity of 12.47%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.47 billion. On average, research analysts forecast that GameStop Corp. will post 0.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Wall Street Zen lowered shares of GameStop from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. Weiss Ratings raised GameStop from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, February 2nd. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, GameStop presently has an average rating of “Reduce” and an average price target of $13.50.

Hedge Funds Weigh In On GameStop

Several institutional investors have recently bought and sold shares of GME. Northwestern Mutual Wealth Management Co. raised its position in GameStop by 308.9% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 969 shares of the company’s stock worth $26,000 after buying an additional 732 shares during the last quarter. City Holding Co. acquired a new position in shares of GameStop during the third quarter worth about $30,000. EverSource Wealth Advisors LLC increased its stake in shares of GameStop by 226.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,277 shares of the company’s stock worth $31,000 after acquiring an additional 886 shares during the period. Advisory Services Network LLC purchased a new position in GameStop during the third quarter worth about $39,000. Finally, Bessemer Group Inc. raised its holdings in GameStop by 39.2% during the third quarter. Bessemer Group Inc. now owns 1,674 shares of the company’s stock worth $46,000 after purchasing an additional 471 shares in the last quarter. 29.21% of the stock is owned by institutional investors and hedge funds.

About GameStop

GameStop Corp. (NYSE:GME) is a global specialty retailer focused on video games, gaming consoles, consumer electronics and related accessories. The company operates a network of physical retail stores alongside an e-commerce platform, offering new and pre-owned products spanning the latest game software, hardware, collectibles and lifestyle merchandise. GameStop’s retail footprint is complemented by digital marketplaces for trade-ins and online purchases, as well as a membership program that provides exclusive content and rewards.

Originally founded in 1984 as Babbage’s in Dallas, Texas, the company adopted the GameStop name in 1999 following its merger with Software Etc.