GameStop Corp. (NYSE:GME – Get Free Report) insider Daniel William Moore sold 1,972 shares of GameStop stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of $21.96, for a total transaction of $43,305.12. Following the completion of the sale, the insider now directly owns 37,280 shares of the company’s stock, valued at approximately $818,668.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
GameStop Stock Performance
GME traded down $0.29 during mid-day trading on Thursday, reaching $21.20. 4,654,160 shares of the stock were exchanged, compared to its average volume of 21,299,648. The stock has a market capitalization of $7.45 billion, a PE ratio of 265.00 and a beta of -0.17. The company has a 50 day moving average price of $21.99 and a two-hundred day moving average price of $20.87. GameStop Corp. has a 1 year low of $9.95 and a 1 year high of $64.83.
GameStop (NYSE:GME – Get Free Report) last issued its quarterly earnings results on Tuesday, September 10th. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.09. The company had revenue of $798.30 million for the quarter, compared to the consensus estimate of $895.67 million. GameStop had a net margin of 0.93% and a return on equity of 1.79%. The firm’s quarterly revenue was down 31.4% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.03) EPS. Sell-side analysts expect that GameStop Corp. will post 0.01 EPS for the current fiscal year.
Hedge Funds Weigh In On GameStop
Analysts Set New Price Targets
Several research firms recently issued reports on GME. StockNews.com raised shares of GameStop to a “sell” rating in a research report on Wednesday, September 25th. Wedbush cut their price objective on shares of GameStop from $11.00 to $10.00 and set an “underperform” rating on the stock in a report on Wednesday, September 11th.
Check Out Our Latest Stock Analysis on GameStop
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.
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