Daniel William Moore Sells 5,477 Shares of GameStop (NYSE:GME) Stock

GameStop Corp. (NYSE:GME) insider Daniel William Moore sold 5,477 shares of the company’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $20.44, for a total transaction of $111,949.88. Following the sale, the insider owned 108,224 shares of the company’s stock, valued at $2,212,098.56. This represents a 4.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

GameStop Trading Down 0.3%

GameStop stock traded down $0.06 during trading hours on Tuesday, reaching $20.66. The stock had a trading volume of 3,376,049 shares, compared to its average volume of 5,321,925. The company has a fifty day simple moving average of $21.63 and a 200-day simple moving average of $23.00. GameStop Corp. has a 52 week low of $19.93 and a 52 week high of $35.81. The stock has a market cap of $9.25 billion, a PE ratio of 25.19 and a beta of -1.23. The company has a debt-to-equity ratio of 0.78, a current ratio of 10.39 and a quick ratio of 9.77.

GameStop (NYSE:GME) last posted its earnings results on Tuesday, December 9th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04. The company had revenue of $821.00 million during the quarter, compared to analyst estimates of $987.29 million. GameStop had a net margin of 11.08% and a return on equity of 9.75%. GameStop’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.06 earnings per share. Analysts forecast that GameStop Corp. will post 0.08 EPS for the current fiscal year.

Institutional Trading of GameStop

A number of hedge funds and other institutional investors have recently modified their holdings of GME. Northwestern Mutual Wealth Management Co. increased its stake in shares of GameStop by 308.9% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 969 shares of the company’s stock valued at $26,000 after purchasing an additional 732 shares in the last quarter. City Holding Co. bought a new stake in GameStop during the 3rd quarter valued at about $30,000. EverSource Wealth Advisors LLC raised its holdings in GameStop by 226.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,277 shares of the company’s stock worth $31,000 after buying an additional 886 shares during the last quarter. Advisory Services Network LLC purchased a new position in GameStop in the third quarter worth about $39,000. Finally, Ameritas Advisory Services LLC bought a new position in shares of GameStop in the second quarter worth approximately $45,000. 29.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of GameStop in a research note on Monday, December 29th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, GameStop presently has a consensus rating of “Reduce” and an average target price of $13.50.

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.