GameStop (NYSE:GME) Director Acquires 55,000 Shares of Stock

GameStop Corp. (NYSE:GME) Director Lawrence Cheng acquired 55,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The shares were bought at an average cost of $18.80 per share, for a total transaction of $1,034,000.00. Following the transaction, the director owned 143,000 shares of the company’s stock, valued at $2,688,400. This represents a 62.50% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

GameStop Stock Down 1.5%

GME traded down $0.30 on Tuesday, hitting $18.86. The company had a trading volume of 10,206,484 shares, compared to its average volume of 7,004,974. The stock has a market capitalization of $8.46 billion, a price-to-earnings ratio of 14.29 and a beta of 1.72. The company has a debt-to-equity ratio of 0.71, a quick ratio of 11.91 and a current ratio of 12.40. The stock has a fifty day moving average price of $20.23 and a 200-day moving average price of $22.07. GameStop Corp. has a 12-month low of $17.79 and a 12-month high of $28.10.

GameStop (NYSE:GME) last released its quarterly earnings results on Tuesday, September 8th. The company reported $0.27 EPS for the quarter, meeting the consensus estimate of $0.27. GameStop had a net margin of 20.45% and a return on equity of 13.75%. The business had revenue of $790.20 million during the quarter, compared to analyst estimates of $756.85 million. During the same period in the prior year, the firm posted $0.31 earnings per share. The company’s quarterly revenue was down 18.7% on a year-over-year basis.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Wall Street Zen cut shares of GameStop from a “buy” rating to a “hold” rating in a research report on Monday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GameStop in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

Institutional Investors Weigh In On GameStop

Institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC grew its stake in shares of GameStop by 312.2% during the first quarter. AQR Capital Management LLC now owns 29,438 shares of the company’s stock worth $623,000 after acquiring an additional 22,297 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of GameStop by 33.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 262,143 shares of the company’s stock valued at $5,851,000 after purchasing an additional 65,325 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of GameStop by 9.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,131,481 shares of the company’s stock valued at $25,255,000 after purchasing an additional 94,892 shares during the last quarter. American Century Companies Inc. boosted its stake in GameStop by 6.5% in the 2nd quarter. American Century Companies Inc. now owns 35,473 shares of the company’s stock worth $865,000 after purchasing an additional 2,162 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in GameStop by 226.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,277 shares of the company’s stock worth $31,000 after purchasing an additional 886 shares in the last quarter. Institutional investors and hedge funds own 29.21% of the company’s stock.

Key Stories Impacting GameStop

Here are the key news stories impacting GameStop this week:

• Positive Sentiment: GameStop reported second-quarter adjusted EPS of $0.27, in line with expectations, while revenue of $790.2 million exceeded the $756.85 million consensus estimate. Profitability improved, and management reportedly raised its full-year outlook. GameStop Profit Rises, Boosts Full Year Outlook
• Positive Sentiment: Collectibles were identified as a source of strength, helping GameStop deliver a top-line beat despite weakness in its traditional gaming business. GameStop Delivers Top-Line Beat on Strong Collectibles Growth
• Positive Sentiment: Analysts and commentators continue to view GameStop’s large cash position as strategic flexibility, potentially supporting acquisitions or other investments under Executive Chairman Ryan Cohen. GameStop’s Next Big Move Could Matter More Than Its Earnings
• Neutral Sentiment: Speculation about acquisition discussions involving eBay remains an important potential catalyst, but no transaction has been confirmed. Investors are waiting to learn what GameStop’s long-term business model will become. GME & EBAY Saga Not Over
• Negative Sentiment: Quarterly revenue fell 18.7% year over year, and commentary suggested eBay-related gains and collectibles growth may be masking contraction in GameStop’s core operations. EPS also declined from $0.31 to $0.27 year over year. GameStop Earnings Preview
• Negative Sentiment: One valuation analysis indicated GME traded substantially above its estimated fair value, while Wall Street Zen lowered its stock rating, adding pressure to the investment case. GameStop Tops GF Value

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.