GameSquare (NASDAQ:GAME) Stock Rating Cut to “Hold” at Zacks Research

Zacks Research downgraded shares of GameSquare (NASDAQ:GAME) from a strong-buy rating to a hold rating in a report published on Monday morning,Zacks reports.

GAME has been the subject of a number of other research reports. Weiss Ratings lowered shares of GameSquare from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, August 21st. Wall Street Zen raised shares of GameSquare to a “hold” rating in a research report on Saturday, August 29th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, GameSquare has a consensus rating of “Hold”.

GameSquare Stock Performance

NASDAQ GAME opened at $2.93 on Monday. The stock’s fifty day moving average is $3.18 and its two-hundred day moving average is $3.18. The firm has a market capitalization of $38.27 million, a P/E ratio of -0.59 and a beta of 1.42. GameSquare has a fifty-two week low of $1.88 and a fifty-two week high of $5.97.

GameSquare (NASDAQ:GAME) last issued its earnings results on Monday, August 10th. The entertainment company reported ($0.11) earnings per share (EPS) 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 during the quarter. As a group, sell-side analysts forecast that GameSquare will post 0.64 EPS for the current year.

Institutional Trading of GameSquare

An institutional investor recently bought a new position in GameSquare stock. BlackRock Inc. bought a new stake in GameSquare Holdings, Inc. (NASDAQ:GAME) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,044,909 shares of the entertainment company’s stock, valued at approximately $413,000. BlackRock Inc. owned about 1.01% of GameSquare at the end of the most recent reporting period. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

About GameSquare

GameSquare Holdings, Inc is a gaming and media company that connects brands with audiences across esports, gaming, entertainment and digital culture. The company provides marketing, advertising, content production, talent representation and experiential services designed to help businesses reach gaming and youth-oriented audiences.

GameSquare’s portfolio has included esports organizations, gaming talent and media properties such as FaZe Clan and Complexity Gaming. Its operations also include capabilities in esports and gaming management, branded content, influencer marketing, creative production and live experiences.