GameSquare (NASDAQ:GAME) Stock to Reverse Split on Monday, August 24th

GameSquare Holdings, Inc. (NASDAQ:GAME)’s stock is scheduled to reverse split before the market opens on Monday, August 24th. The 1-8 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Sunday, August 23rd.

GameSquare Stock Up 5.1%

GAME traded up $0.02 on Thursday, hitting $0.44. 2,589,165 shares of the company traded hands, compared to its average volume of 3,879,009. GameSquare has a 12-month low of $0.23 and a 12-month high of $0.94. The company has a 50 day moving average of $0.38 and a 200-day moving average of $0.37. The stock has a market capitalization of $45.35 million, a PE ratio of -0.70 and a beta of 1.56.

GameSquare (NASDAQ:GAME) last announced its earnings results on Monday, August 10th. The entertainment company reported ($0.11) earnings per share for the quarter. The company had revenue of $18.48 million during the quarter. GameSquare had a negative net margin of 96.06% and a positive return on equity of 7.97%. On average, research analysts anticipate that GameSquare will post 0.08 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on GAME. Wall Street Zen raised shares of GameSquare to a “hold” rating in a research note on Saturday, April 25th. Zacks Research raised shares of GameSquare from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 13th. Weiss Ratings upgraded shares of GameSquare from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 9th. Finally, ThinkEquity assumed coverage on shares of GameSquare in a report on Monday, June 8th. They set a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Insiders Place Their Bets

In other GameSquare news, insider & Silver Ventures Ltd. Blue acquired 620,100 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was purchased at an average price of $0.43 per share, for a total transaction of $266,643.00. Following the completion of the transaction, the insider owned 5,853,274 shares of the company’s stock, valued at $2,516,907.82. The trade was a 11.85% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On GameSquare

A number of large investors have recently made changes to their positions in GAME. Geode Capital Management LLC lifted its stake in shares of GameSquare by 23.9% in the second quarter. Geode Capital Management LLC now owns 213,914 shares of the entertainment company’s stock valued at $186,000 after purchasing an additional 41,196 shares during the period. XTX Topco Ltd acquired a new position in GameSquare during the second quarter worth about $38,000. Vanguard Group Inc. increased 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 buying an additional 3,339,080 shares in the last quarter. UBS Group AG increased 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 buying an additional 1,668,494 shares in the last quarter. Finally, Polar Asset Management Partners Inc. acquired a new stake in shares of GameSquare during the 3rd quarter valued at approximately $1,358,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.

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.