GameStop (NYSE:GME) Director Buys $401,975.00 in Stock

GameStop Corp. (NYSE:GME) Director Alain Attal purchased 17,500 shares of the stock in a transaction dated Monday, September 21st. The stock was bought at an average cost of $22.97 per share, with a total value of $401,975.00. Following the completion of the purchase, the director owned 618,964 shares in the company, valued at $14,217,603.08. The trade was a 2.91% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Alain Attal also recently made the following trade(s):

• On Thursday, September 10th, Alain Attal bought 5,000 shares of GameStop stock. The stock was purchased at an average cost of $20.00 per share, with a total value of $100,000.00.

GameStop Trading Up 0.7%

GME opened at $24.21 on Thursday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 8.07 and a current ratio of 8.72. The firm’s fifty day moving average is $20.12 and its two-hundred day moving average is $21.90. GameStop Corp. has a twelve month low of $17.79 and a twelve month high of $28.10. The firm has a market cap of $12.21 billion, a PE ratio of 15.93 and a beta of 1.72.

GameStop (NYSE:GME) last announced its earnings results on Tuesday, September 8th. The company reported $0.27 EPS for the quarter, hitting the consensus estimate of $0.27. The firm had revenue of $790.20 million for the quarter, compared to the consensus estimate of $756.85 million. GameStop had a net margin of 25.16% and a return on equity of 13.57%. The business’s quarterly revenue was down 18.7% on a year-over-year basis. During the same period last year, the company posted $0.31 EPS.

More GameStop News

Here are the key news stories impacting GameStop this week:

• Positive Sentiment: Ryan Cohen purchased 1,150,680 GameStop shares at prices between $22.76 and $23.02, increasing his stake by roughly 2.9%. His substantial personal investment is being interpreted as a signal that management views GME as undervalued and sees further turnaround potential. GameStop CEO buys $26.4 million of shares
• Positive Sentiment: Director Alain Attal bought 17,500 shares for approximately $402,000, following another purchase earlier in September. Multiple insiders buying shares in the open market can support investor confidence in the company’s valuation and outlook. GameStop director insider purchase
• Positive Sentiment: Reports say GameStop continues to pursue a possible eBay transaction, while Cohen’s latest investment reinforces expectations that he may pursue a major strategic move. Any deal could expand GameStop’s marketplace opportunities, although no acquisition has been confirmed. GameStop still wants eBay
• Neutral Sentiment: Trading activity increased as the insider purchases drew attention from retail investors. The move appears driven primarily by sentiment and expectations rather than a new earnings release or operating update.
• Negative Sentiment: GameStop’s fundamental turnaround remains unproven. Recent quarterly revenue declined 18.7% year over year, and the company faces uncertainty around any eBay-related strategy, including transaction timing, financing and execution risks. Analysts remain broadly cautious, with a consensus “Hold” rating.

Institutional Trading of GameStop

Several institutional investors and hedge funds have recently bought and sold shares of GME. Rockefeller Capital Management L.P. boosted its stake in shares of GameStop by 805.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,264 shares of the company’s stock worth $45,000 after acquiring an additional 2,014 shares during the period. Jupiter Topco LLC bought a new stake in GameStop in the 2nd quarter valued at $51,000. Caitong International Asset Management Co. Ltd acquired a new stake in GameStop during the 4th quarter valued at $54,000. Shenkman Capital Management Inc. acquired a new stake in GameStop during the 4th quarter valued at $60,000. Finally, Global Assets Advisory LLC bought a new position in GameStop during the first quarter worth $60,000. Institutional investors own 29.21% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Wall Street Zen downgraded GameStop from a “buy” rating to a “hold” rating in a research note on Monday, September 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GameStop in a research report on Wednesday, July 29th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

GameStop Company Profile

GameStop Corp. is a multichannel retailer specializing in video games, gaming hardware, accessories and related entertainment products. Its offerings include new and pre-owned consoles and games, controllers, headsets, collectibles, apparel, toys and trading cards. The company sells through its retail stores, e-commerce websites and other digital channels.

Founded in 1984 as Babbage’s, the company expanded through acquisitions and adopted the GameStop name in 2000. It has historically operated stores in the United States, Canada, Australia and several European markets, although its international footprint has changed over time as the company has closed or sold certain operations.