GameSquare (NASDAQ:GAME) Raised to “Hold” at Wall Street Zen

GameSquare (NASDAQ:GAME) was upgraded by research analysts at Wall Street Zen to a “hold” rating in a note issued to investors on Saturday.

GAME has been the subject of several other reports. Zacks Research upgraded GameSquare from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 13th. ThinkEquity started coverage on shares of GameSquare in a research report on Monday, June 8th. They set a “buy” rating on the stock. Finally, Weiss Ratings lowered shares of GameSquare from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, August 21st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

GameSquare Price Performance

Shares of GAME opened at $3.00 on Friday. The stock has a market cap of $38.94 million, a P/E ratio of -0.60 and a beta of 1.56. The business’s 50 day moving average price is $3.05 and its 200-day moving average price is $3.00. GameSquare has a 52 week low of $1.88 and a 52 week high of $6.88.

GameSquare (NASDAQ:GAME) last posted its quarterly earnings data on Monday, August 10th. The entertainment company reported ($0.11) earnings per share for the quarter. GameSquare had a negative net margin of 96.06% and a positive return on equity of 7.97%. The company had revenue of $18.48 million for the quarter. On average, equities analysts anticipate that GameSquare will post 0.64 EPS for the current year.

Institutional Investors Weigh In On GameSquare

Several hedge funds and other institutional investors have recently modified their holdings of GAME. Geode Capital Management LLC increased its stake 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 worth $186,000 after purchasing an additional 41,196 shares in the last quarter. XTX Topco Ltd bought a new stake in GameSquare during the second quarter valued at about $38,000. Vanguard Group Inc. lifted its position in shares of GameSquare by 353.8% in the third quarter. Vanguard Group Inc. now owns 4,282,748 shares of the entertainment company’s stock valued at $2,908,000 after acquiring an additional 3,339,080 shares in the last quarter. UBS Group AG lifted its position in shares of GameSquare by 275,329.0% in the third quarter. UBS Group AG now owns 1,669,100 shares of the entertainment company’s stock valued at $1,133,000 after acquiring an additional 1,668,494 shares in the last quarter. Finally, Polar Asset Management Partners Inc. bought a new position in shares of GameSquare in the third quarter worth about $1,358,000. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

About GameSquare

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.