GameStop (NYSE:GME) Stock Price Down 7.2%

GameStop Corp. (NYSE:GME) traded down 7.2% during mid-day trading on Tuesday . The company traded as low as $15.00 and last traded at $15.13. 1,640,182 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 4,713,082 shares. The stock had previously closed at $16.31.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Wedbush reduced their target price on shares of GameStop from $6.00 to $5.60 and set an “underperform” rating for the company in a report on Wednesday, March 27th. StockNews.com upgraded GameStop from a “sell” rating to a “hold” rating in a report on Wednesday, March 27th.

GameStop Stock Up 13.8 %

The firm has a market capitalization of $5.54 billion, a P/E ratio of 906.00 and a beta of -0.25. The firm’s 50 day moving average is $12.94 and its two-hundred day moving average is $14.05. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.11 and a quick ratio of 1.44.

GameStop (NYSE:GME) last announced its quarterly earnings data on Tuesday, March 26th. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.07). GameStop had a net margin of 0.13% and a return on equity of 1.35%. The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same period last year, the business earned $0.16 EPS. The business’s revenue was down 19.4% on a year-over-year basis. Research analysts predict that GameStop Corp. will post 0.01 EPS for the current year.

Insider Activity

In other GameStop news, General Counsel Mark Haymond Robinson sold 13,471 shares of the company’s 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 in the company, valued at $515,995.55. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, General Counsel Mark Haymond Robinson sold 13,471 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $10.15, for a total value of $136,730.65. Following the transaction, the general counsel now owns 50,837 shares of the company’s stock, valued at $515,995.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lawrence Cheng bought 10,000 shares of the stock in a transaction dated Monday, April 8th. The shares were purchased at an average price of $11.22 per share, for a total transaction of $112,200.00. Following the purchase, the director now owns 65,088 shares of the company’s stock, valued at approximately $730,287.36. The disclosure for this purchase can be found here. Insiders sold a total of 27,421 shares of company stock valued at $288,153 over the last three months. Insiders own 12.28% of the company’s stock.

Institutional Trading of GameStop

Hedge funds and other institutional investors have recently bought and sold shares of the business. State Board of Administration of Florida Retirement System lifted its position in shares of GameStop by 2.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 304,884 shares of the company’s stock valued at $3,817,000 after acquiring an additional 8,437 shares during the period. Russell Investments Group Ltd. raised its stake in GameStop by 147.2% in the first quarter. Russell Investments Group Ltd. now owns 5,080 shares of the company’s stock valued at $65,000 after purchasing an additional 3,025 shares in the last quarter. Swiss National Bank lifted its position in GameStop by 0.3% during the first quarter. Swiss National Bank now owns 542,828 shares of the company’s stock worth $6,796,000 after purchasing an additional 1,400 shares during the period. Texas Permanent School Fund Corp grew its stake in GameStop by 1.5% during the first quarter. Texas Permanent School Fund Corp now owns 235,081 shares of the company’s stock worth $2,943,000 after buying an additional 3,459 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in GameStop by 7.0% in the 1st quarter. BNP Paribas Financial Markets now owns 157,242 shares of the company’s stock valued at $1,969,000 after buying an additional 10,289 shares during the period. Institutional investors and hedge funds own 29.21% of the company’s stock.

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.