GameSquare (NASDAQ:GAME) Insider & Silver Ventures Ltd. Blue Purchases 620,100 Shares of Stock

GameSquare Holdings, Inc. (NASDAQ:GAME) insider & Silver Ventures Ltd. Blue bought 620,100 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was acquired at an average price of $0.43 per share, for a total transaction of $266,643.00. Following the acquisition, the insider directly owned 5,853,274 shares in the company, valued at $2,516,907.82. This trade represents a 11.85% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, May 27th, & Silver Ventures Ltd. Blue bought 144,346 shares of GameSquare stock. The stock was acquired at an average price of $0.42 per share, for a total transaction of $60,625.32.
• On Wednesday, April 22nd, & Silver Ventures Ltd. Blue bought 809,109 shares of GameSquare stock. The stock was acquired at an average price of $0.58 per share, for a total transaction of $469,283.22.
• On Monday, April 27th, & Silver Ventures Ltd. Blue bought 84,552 shares of GameSquare stock. The stock was acquired 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 bought 417,813 shares of GameSquare stock. The stock was acquired at an average price of $0.60 per share, for a total transaction of $250,687.80.
• On Thursday, April 23rd, & Silver Ventures Ltd. Blue bought 922,890 shares of GameSquare stock. The stock was acquired at an average price of $0.60 per share, for a total transaction of $553,734.00.

GameSquare Price Performance

Shares of GAME opened at $0.41 on Thursday. The company has a market capitalization of $38.19 million, a price-to-earnings ratio of -0.69 and a beta of 1.61. GameSquare Holdings, Inc. has a fifty-two week low of $0.24 and a fifty-two week high of $2.87. The business’s 50-day moving average is $0.39 and its 200-day moving average is $0.41.

Institutional Investors Weigh In On GameSquare

A number of hedge funds and other institutional investors have recently made changes to their positions in GAME. Vanguard Group Inc. raised its stake in shares of GameSquare by 353.8% during the 3rd quarter. Vanguard Group Inc. now owns 4,282,748 shares of the entertainment company’s stock worth $2,908,000 after purchasing an additional 3,339,080 shares in the last quarter. Polar Asset Management Partners Inc. acquired a new stake in shares of GameSquare in the third quarter worth about $1,358,000. 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 worth $1,133,000 after buying an additional 1,668,494 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of GameSquare in the fourth quarter worth about $153,000. Finally, B Group Inc. acquired a new stake in shares of GameSquare in the third quarter worth about $170,000. 64.25% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of GameSquare in a research note on Tuesday, April 21st. Wall Street Zen raised GameSquare to a “hold” rating in a research note on Saturday, April 25th. Finally, Zacks Research downgraded GameSquare from a “hold” rating to a “strong sell” rating in a research note on Friday, April 10th. Two research analysts have rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

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.