Insider Buying: GameSquare (NASDAQ:GAME) Insider Buys 144,346 Shares of Stock

GameSquare Holdings, Inc. (NASDAQ:GAME) insider & Silver Ventures Ltd. Blue bought 144,346 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were purchased at an average price of $0.42 per share, for a total transaction of $60,625.32. Following the transaction, the insider directly owned 5,997,620 shares of the company’s stock, valued at approximately $2,519,000.40. This represents a 2.47% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

& Silver Ventures Ltd. Blue also recently made the following trade(s):

• On Tuesday, May 26th, & Silver Ventures Ltd. Blue bought 620,100 shares of GameSquare stock. The stock was purchased at an average cost of $0.43 per share, with a total value of $266,643.00.
• On Wednesday, April 22nd, & Silver Ventures Ltd. Blue bought 809,109 shares of GameSquare stock. The stock was purchased at an average cost of $0.58 per share, with a total value of $469,283.22.
• On Monday, April 27th, & Silver Ventures Ltd. Blue purchased 84,552 shares of GameSquare stock. The shares were purchased at an average price of $0.60 per share, for a total transaction of $50,731.20.
• On Friday, April 24th, & Silver Ventures Ltd. Blue purchased 417,813 shares of GameSquare stock. The shares were purchased at an average cost of $0.60 per share, for a total transaction of $250,687.80.
• On Thursday, April 23rd, & Silver Ventures Ltd. Blue acquired 922,890 shares of GameSquare stock. The stock was purchased at an average price of $0.60 per share, with a total value of $553,734.00.

GameSquare Price Performance

Shares of GAME stock traded up $0.01 during trading hours on Wednesday, hitting $0.41. The stock had a trading volume of 1,314,957 shares, compared to its average volume of 5,444,777. The firm has a market capitalization of $38.19 million, a PE ratio of -0.69 and a beta of 1.61. The stock’s 50 day moving average is $0.39 and its 200 day moving average is $0.41. GameSquare Holdings, Inc. has a twelve month low of $0.24 and a twelve month high of $2.87.

Analyst Ratings Changes

GAME has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of GameSquare to a “hold” rating in a research note on Saturday, April 25th. Zacks Research downgraded shares of GameSquare from a “hold” rating to a “strong sell” rating in a research note on Friday, April 10th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of GameSquare in a research report on Tuesday, April 21st. Two investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, GameSquare has an average rating of “Sell”.

Hedge Funds Weigh In On GameSquare

A number of hedge funds and other institutional investors have recently bought and sold shares of GAME. XTX Topco Ltd acquired a new position in GameSquare in the 2nd quarter valued at $38,000. Virtu Financial LLC boosted its holdings in shares of GameSquare by 167.6% in the fourth quarter. Virtu Financial LLC now owns 200,255 shares of the entertainment company’s stock valued at $77,000 after acquiring an additional 125,428 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of GameSquare by 23.9% in the second quarter. Geode Capital Management LLC now owns 213,914 shares of the entertainment company’s stock valued at $186,000 after acquiring an additional 41,196 shares in the last quarter. B Group Inc. acquired a new position in shares of GameSquare during the third quarter worth about $170,000. Finally, Jane Street Group LLC purchased a new position in GameSquare during the fourth quarter worth about $153,000. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

GameSquare Company Profile

GameSquare Inc (NASDAQ: GAME) is a digital media and marketing company focused on the global gaming and esports industries. The company operates a network of online properties and community platforms that deliver editorial content, live event coverage, and video programming to enthusiasts and consumers. GameSquare’s offerings span both traditional gaming titles and competitive esports leagues, enabling advertisers and brand partners to engage with a diverse and highly engaged audience.

Through its flagship Enthusiast Gaming network, GameSquare oversees a portfolio of more than 35 websites and digital channels, including long-standing properties such as Destructoid, The Escapist and Daily Esports.