GameStop Corp. (NYSE:GME) General Counsel Mark Haymond Robinson Sells 4,379 Shares

GameStop Corp. (NYSE:GME) General Counsel Mark Haymond Robinson sold 4,379 shares of the stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $11.61, for a total value of $50,840.19. Following the completion of the transaction, the general counsel now owns 64,308 shares of the company’s stock, valued at approximately $746,615.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

GameStop Stock Up 0.9 %

GameStop stock opened at $11.39 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.44 and a current ratio of 2.11. The firm has a market capitalization of $3.48 billion, a price-to-earnings ratio of 569.53 and a beta of -0.45. GameStop Corp. has a fifty-two week low of $10.90 and a fifty-two week high of $27.65. The stock’s fifty day moving average is $14.06 and its two-hundred day moving average is $14.71.

GameStop (NYSE:GME) last posted its earnings results on Tuesday, March 26th. The company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.07). The firm 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 firm’s revenue for the quarter was down 19.4% on a year-over-year basis. During the same period last year, the company posted $0.16 EPS. Analysts predict that GameStop Corp. will post 0.01 EPS for the current fiscal year.

Institutional Trading of GameStop

A number of large investors have recently made changes to their positions in GME. C M Bidwell & Associates Ltd. acquired a new stake in shares of GameStop during the second quarter valued at $36,000. Covestor Ltd boosted its stake in shares of GameStop by 323.2% during the first quarter. Covestor Ltd now owns 237 shares of the company’s stock valued at $39,000 after acquiring an additional 181 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of GameStop by 99.7% during the third quarter. IFP Advisors Inc now owns 2,708 shares of the company’s stock valued at $45,000 after acquiring an additional 1,352 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of GameStop by 175.6% during the third quarter. Fifth Third Bancorp now owns 2,855 shares of the company’s stock valued at $47,000 after acquiring an additional 1,819 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of GameStop during the first quarter valued at $50,000. Institutional investors and hedge funds own 29.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. StockNews.com raised GameStop from a “sell” rating to a “hold” rating in a report on Wednesday, March 27th. Wedbush lowered their target price on GameStop from $6.00 to $5.60 and set an “underperform” rating on the stock in a report on Wednesday, March 27th.

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.