Insider Buying: GameSquare (NASDAQ:GAME) Insider Buys $60,625.32 in Stock

GameSquare Holdings, Inc. (NASDAQ:GAME) insider & Silver Ventures Ltd. Blue acquired 144,346 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were bought at an average cost of $0.42 per share, for a total transaction of $60,625.32. Following the purchase, the insider owned 5,997,620 shares of the company’s stock, valued at approximately $2,519,000.40. The trade was a 2.47% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, May 26th, & Silver Ventures Ltd. Blue acquired 620,100 shares of GameSquare stock. The shares were bought at an average cost of $0.43 per share, for a total transaction of $266,643.00.
• On Wednesday, April 22nd, & Silver Ventures Ltd. Blue acquired 809,109 shares of GameSquare stock. The shares were bought at an average cost of $0.58 per share, for a total transaction of $469,283.22.
• On Monday, April 27th, & Silver Ventures Ltd. Blue acquired 84,552 shares of GameSquare stock. The shares were bought at an average cost of $0.60 per share, for a total transaction of $50,731.20.
• On Friday, April 24th, & Silver Ventures Ltd. Blue acquired 417,813 shares of GameSquare stock. The shares were bought at an average cost of $0.60 per share, for a total transaction of $250,687.80.
• On Thursday, April 23rd, & Silver Ventures Ltd. Blue purchased 922,890 shares of GameSquare stock. The stock was acquired at an average cost of $0.60 per share, for a total transaction of $553,734.00.

GameSquare Trading Down 0.2%

Shares of NASDAQ:GAME opened at $0.41 on Friday. The stock’s 50-day moving average price is $0.40 and its two-hundred day moving average price is $0.41. GameSquare Holdings, Inc. has a 12-month low of $0.24 and a 12-month high of $2.87. The firm has a market cap of $38.52 million, a price-to-earnings ratio of -0.70 and a beta of 1.61.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on GAME. Wall Street Zen raised GameSquare to a “hold” rating in a research note on Saturday, April 25th. Zacks Research lowered GameSquare from a “hold” rating to a “strong sell” rating in a research note on Friday, April 10th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of GameSquare in a research note on Tuesday, April 21st. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Hedge Funds Weigh In On GameSquare

A number of large investors have recently modified their holdings of GAME. XTX Topco Ltd purchased a new position in shares of GameSquare in the 2nd quarter worth about $38,000. Virtu Financial LLC raised its holdings in shares of GameSquare by 167.6% in the 4th quarter. Virtu Financial LLC now owns 200,255 shares of the entertainment company’s stock worth $77,000 after purchasing an additional 125,428 shares during the period. Jane Street Group LLC purchased a new position in shares of GameSquare in the 4th quarter worth about $153,000. Renaissance Technologies LLC raised its holdings in shares of GameSquare by 6.4% in the 1st quarter. Renaissance Technologies LLC now owns 605,300 shares of the entertainment company’s stock worth $163,000 after purchasing an additional 36,200 shares during the period. Finally, B Group Inc. purchased a new position in shares of GameSquare in the 3rd quarter worth about $170,000. 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.