GameSquare (NASDAQ:GAME) Stock Rating Upgraded by Zacks Research

GameSquare (NASDAQ:GAME) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

Several other research firms also recently commented on GAME. ThinkEquity assumed coverage on GameSquare in a research note on Monday, June 8th. They set a “buy” rating for the company. Weiss Ratings upgraded GameSquare from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 9th. Finally, Wall Street Zen raised GameSquare to a “hold” rating in a report on Saturday, April 25th. 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

GameSquare Stock Performance

NASDAQ GAME opened at $0.41 on Thursday. The firm’s fifty day moving average is $0.38 and its two-hundred day moving average is $0.37. GameSquare has a one year low of $0.23 and a one year high of $0.94. The firm has a market cap of $42.66 million, a PE ratio of -0.67 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. GameSquare had a positive return on equity of 6.47% and a negative net margin of 96.06%.The business had revenue of $18.48 million for the quarter. Research analysts predict that GameSquare will post 0.08 earnings per share for the current year.

Insider Transactions at GameSquare

In other news, insider & Silver Ventures Ltd. Blue acquired 620,100 shares of GameSquare stock in a transaction that occurred 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 directly owned 5,853,274 shares in the company, valued at approximately $2,516,907.82. This trade represents a 11.85% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 6.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. XTX Topco Ltd purchased a new position in GameSquare in the second quarter worth $38,000. Virtu Financial LLC boosted its position in shares of GameSquare by 167.6% during 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 in the last quarter. Jane Street Group LLC acquired a new position in shares of GameSquare during the 4th quarter worth $153,000. Renaissance Technologies LLC grew its stake in shares of GameSquare by 6.4% during 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, Geode Capital Management LLC increased its holdings 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. Institutional investors and hedge funds 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.