GameSquare (NASDAQ:GAME) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of GameSquare (NASDAQ:GAME) to a hold rating in a research report released on Saturday morning.

Other research analysts have also issued reports about the stock. Zacks Research upgraded shares of GameSquare from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 13th. ThinkEquity assumed coverage on shares of GameSquare in a research report on Monday, June 8th. They set a “buy” rating for the company. Finally, Weiss Ratings lowered shares of GameSquare from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, August 21st. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the company. According to MarketBeat, GameSquare has a consensus rating of “Moderate Buy”.

GameSquare Stock Down 6.8%

Shares of NASDAQ:GAME opened at $3.00 on Friday. The company has a market cap of $38.94 million, a P/E ratio of -0.60 and a beta of 1.56. The business has a fifty day simple moving average of $3.05 and a 200-day simple moving average of $3.00. GameSquare has a 52 week low of $1.88 and a 52 week high of $6.88.

GameSquare (NASDAQ:GAME) last released its earnings results on Monday, August 10th. The entertainment company reported ($0.11) earnings per share for the quarter. GameSquare had a positive return on equity of 7.97% and a negative net margin of 96.06%.The business had revenue of $18.48 million for the quarter. Sell-side analysts expect that GameSquare will post 0.64 earnings per share for the current fiscal year.

Hedge Funds Weigh In On GameSquare

Large investors have recently modified their holdings of the company. Geode Capital Management LLC lifted its stake in shares of GameSquare by 23.9% in the 2nd 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 in the last quarter. XTX Topco Ltd purchased a new stake in shares of GameSquare during the 2nd quarter worth about $38,000. Vanguard Group Inc. increased its position in GameSquare by 353.8% during the 3rd quarter. Vanguard Group Inc. now owns 4,282,748 shares of the entertainment company’s stock worth $2,908,000 after purchasing an additional 3,339,080 shares in the last quarter. UBS Group AG raised 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 during the period. Finally, Polar Asset Management Partners Inc. purchased a new position in GameSquare in the third quarter valued at approximately $1,358,000. 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.