GameSquare (NASDAQ:GAME) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of GameSquare (NASDAQ:GAME) from a strong sell rating to a hold rating in a report issued on Monday morning,Zacks.com reports.

Several other research analysts have also commented on the company. Wall Street Zen upgraded GameSquare to a “hold” rating in a research report on Saturday, April 25th. Weiss Ratings restated a “sell (e+)” rating on shares of GameSquare in a research report on Tuesday, April 21st. Finally, ThinkEquity assumed coverage on GameSquare in a research report on Monday. They set a “buy” rating for the company. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, GameSquare currently has a consensus rating of “Hold”.

GameSquare Stock Up 1.0%

GAME opened at $0.43 on Monday. GameSquare has a 52 week low of $0.24 and a 52 week high of $2.87. The business has a fifty day simple moving average of $0.42 and a 200-day simple moving average of $0.40. The firm has a market cap of $40.17 million, a P/E ratio of -0.73 and a beta of 1.52.

Insider Transactions at GameSquare

In related news, insider & Silver Ventures Ltd. Blue bought 922,890 shares of the firm’s stock in a transaction that occurred on Thursday, April 23rd. The stock was purchased at an average cost of $0.60 per share, for a total transaction of $553,734.00. Following the completion of the acquisition, the insider owned 3,359,371 shares in the company, valued at approximately $2,015,622.60. This trade represents a 37.88% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders acquired 2,998,810 shares of company stock valued at $1,651,705 in the last ninety days. Company insiders own 5.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in 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 purchasing an additional 3,339,080 shares during the period. Polar Asset Management Partners Inc. purchased a new position in GameSquare in the third quarter valued at $1,358,000. UBS Group AG boosted its holdings in 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 purchasing an additional 1,668,494 shares during the period. Geode Capital Management LLC boosted its holdings in GameSquare by 16.6% in the fourth quarter. Geode Capital Management LLC now owns 970,853 shares of the entertainment company’s stock valued at $374,000 after purchasing an additional 138,361 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in GameSquare by 6.4% in the first quarter. Renaissance Technologies LLC now owns 605,300 shares of the entertainment company’s stock valued at $163,000 after purchasing an additional 36,200 shares during the period. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

GameSquare Company Profile

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.