GameStop Corp. (NYSE:GME) General Counsel Mark Haymond Robinson Sells 13,471 Shares of Stock

GameStop Corp. (NYSE:GME) General Counsel Mark Haymond Robinson sold 13,471 shares of the stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $10.15, for a total value of $136,730.65. Following the transaction, the general counsel now directly owns 50,837 shares of the company’s stock, valued at $515,995.55. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Mark Haymond Robinson also recently made the following trade(s):

• On Tuesday, April 2nd, Mark Haymond Robinson sold 4,379 shares of GameStop stock. The shares were sold at an average price of $11.61, for a total value of $50,840.19.

GameStop Price Performance

NYSE GME opened at $10.93 on Thursday. GameStop Corp. has a fifty-two week low of $9.95 and a fifty-two week high of $27.65. The stock’s 50-day moving average is $12.95 and its two-hundred day moving average is $14.11. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.11 and a quick ratio of 1.44. The firm has a market cap of $3.34 billion, a P/E ratio of 546.52 and a beta of -0.45.

GameStop (NYSE:GME) last issued its quarterly earnings results on Tuesday, March 26th. The company reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.07). The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $2.05 billion. GameStop had a net margin of 0.13% and a return on equity of 1.35%. The company’s revenue for the quarter was down 19.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.16 earnings per share. On average, analysts anticipate that GameStop Corp. will post 0.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on GME. StockNews.com raised GameStop from a “sell” rating to a “hold” rating in a research note on Wednesday, March 27th. Wedbush cut their price objective on GameStop from $6.00 to $5.60 and set an “underperform” rating for the company in a report on Wednesday, March 27th.

Institutional Investors Weigh In On GameStop

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in GameStop by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 25,283,111 shares of the company’s stock valued at $416,160,000 after buying an additional 345,488 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of GameStop by 12.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,606,532 shares of the company’s stock worth $45,693,000 after buying an additional 289,947 shares during the last quarter. Barclays PLC raised its stake in shares of GameStop by 133.3% during the third quarter. Barclays PLC now owns 346,830 shares of the company’s stock worth $5,710,000 after buying an additional 198,140 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in shares of GameStop by 844.8% during the third quarter. Canada Pension Plan Investment Board now owns 191,800 shares of the company’s stock worth $3,157,000 after buying an additional 171,500 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of GameStop by 527.0% during the fourth quarter. BNP Paribas Financial Markets now owns 146,953 shares of the company’s stock worth $2,576,000 after buying an additional 123,516 shares during the last quarter. 29.21% of the stock is owned by institutional investors and hedge funds.

About GameStop

GameStop Corp., a specialty retailer, provides games and entertainment products through its stores and ecommerce platforms in the United States, Canada, Australia, and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, and virtual reality products; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads.