GameStop (NYSE:GME) Insider Sells $111,949.88 in Stock

GameStop Corp. (NYSE:GME) insider Daniel William Moore sold 5,477 shares of GameStop stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $20.44, for a total value of $111,949.88. Following the transaction, the insider owned 108,224 shares in the company, valued at approximately $2,212,098.56. This represents a 4.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

GameStop Trading Up 0.5%

Shares of GME opened at $21.39 on Friday. GameStop Corp. has a 12-month low of $19.93 and a 12-month high of $35.81. The firm has a market capitalization of $9.58 billion, a P/E ratio of 26.08 and a beta of -1.23. The firm has a 50-day moving average price of $21.57 and a 200 day moving average price of $22.98. The company has a current ratio of 10.39, a quick ratio of 9.77 and a debt-to-equity ratio of 0.78.

GameStop (NYSE:GME) last posted its earnings results on Tuesday, December 9th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.04. GameStop had a net margin of 11.08% and a return on equity of 9.75%. The company had revenue of $821.00 million for the quarter, compared to analyst estimates of $987.29 million. During the same period in the previous year, the business posted $0.06 EPS. GameStop’s revenue was down 4.6% on a year-over-year basis. Sell-side analysts forecast that GameStop Corp. will post 0.08 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of GameStop in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, GameStop currently has an average rating of “Reduce” and an average target price of $13.50.

Key GameStop News

Here are the key news stories impacting GameStop this week:

• Positive Sentiment: Board grants Ryan Cohen a long?term, performance?based award that vests only if GameStop reaches a $100B market cap and $10B in cumulative core profit — a high?risk/high?reward incentive that investors interpret as aligning management with aggressive upside, driving buying interest. GameStop announces new stock option award for CEO Cohen
• Neutral Sentiment: Analysis notes the company’s risk profile has shifted from “melting ice cube” to an execution?driven outcome under Cohen — downside appears limited by a cash?rich balance sheet and positive cash flow, but material upside depends on a transformation that has not yet been fully articulated. GameStop: From Melting Ice Cube To A Directional Bet On Cohen’s Incentives
• Negative Sentiment: Ongoing store closures (a North Dartmouth location recently closed as part of hundreds nationwide) underscore continued structural pressure on GameStop’s physical retail footprint, reminding investors that execution risk and secular retail headwinds remain. GameStop location in North Dartmouth closes, joining hundreds nationwide
• Negative Sentiment: Insider selling by senior executives (General Counsel disclosed a sale of ~5,475 shares) can be read as a neutral/negative governance signal to some investors, adding short?term selling pressure or caution despite the bullish CEO award. GameStop (NYSE:GME) General Counsel Sells $111,909.00 in Stock

Institutional Trading of GameStop

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GME. Bessemer Group Inc. boosted its position in shares of GameStop by 39.2% during the third quarter. Bessemer Group Inc. now owns 1,674 shares of the company’s stock worth $46,000 after buying an additional 471 shares during the period. Thrivent Financial for Lutherans raised its holdings in shares of GameStop by 0.5% in the 2nd quarter. Thrivent Financial for Lutherans now owns 96,623 shares of the company’s stock valued at $2,357,000 after buying an additional 511 shares during the period. Wealthfront Advisers LLC lifted its stake in GameStop by 1.9% during the 2nd quarter. Wealthfront Advisers LLC now owns 30,761 shares of the company’s stock worth $750,000 after acquiring an additional 576 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in GameStop by 0.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 131,002 shares of the company’s stock valued at $3,574,000 after acquiring an additional 578 shares during the period. Finally, Louisiana State Employees Retirement System boosted its holdings in GameStop by 0.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 114,500 shares of the company’s stock valued at $2,793,000 after acquiring an additional 600 shares during the period. Hedge funds and other institutional investors own 29.21% of the company’s stock.

About GameStop

GameStop Corp. (NYSE:GME) is a global specialty retailer focused on video games, gaming consoles, consumer electronics and related accessories. The company operates a network of physical retail stores alongside an e-commerce platform, offering new and pre-owned products spanning the latest game software, hardware, collectibles and lifestyle merchandise. GameStop’s retail footprint is complemented by digital marketplaces for trade-ins and online purchases, as well as a membership program that provides exclusive content and rewards.

Originally founded in 1984 as Babbage’s in Dallas, Texas, the company adopted the GameStop name in 1999 following its merger with Software Etc.