GameStop (NYSE:GME) Director Alain Attal Acquires 5,000 Shares of Stock

GameStop Corp. (NYSE:GME) Director Alain Attal purchased 5,000 shares of the company’s stock in a transaction on Thursday, September 10th. The shares were bought at an average cost of $20.00 per share, with a total value of $100,000.00. Following the transaction, the director directly owned 601,464 shares of the company’s stock, valued at $12,029,280. This represents a 0.84% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

GameStop Stock Up 2.7%

GME opened at $20.42 on Friday. The firm has a market cap of $9.16 billion, a P/E ratio of 13.43 and a beta of 1.72. The business’s fifty day simple moving average is $20.06 and its 200 day simple moving average is $21.99. GameStop Corp. has a 52 week low of $17.79 and a 52 week high of $28.10. The company has a quick ratio of 11.91, a current ratio of 8.72 and a debt-to-equity ratio of 0.68.

GameStop (NYSE:GME) last released its earnings results on Tuesday, September 8th. The company reported $0.27 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.27. GameStop had a net margin of 25.16% and a return on equity of 13.57%. The company had revenue of $790.20 million for the quarter, compared to analyst estimates of $756.85 million. During the same period in the prior year, the firm earned $0.31 EPS. The firm’s quarterly revenue was down 18.7% on a year-over-year basis.

Analyst Upgrades and Downgrades

GME has been the topic of several recent analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of GameStop in a research report on Wednesday, July 29th. Wall Street Zen lowered shares of GameStop from a “buy” rating to a “hold” rating in a report on Monday. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

GameStop News Summary

Here are the key news stories impacting GameStop this week:

• Positive Sentiment: CEO Ryan Cohen purchased 1 million GME shares for approximately $20.4 million, increasing his ownership by 2.61%. Director Alain Attal also bought 5,000 shares for $100,000, while Director James Grube purchased 10,255 shares for roughly $196,000. The purchases may reinforce investor confidence in GameStop’s valuation and strategy. Ryan Cohen GameStop stock purchase filing James Grube GameStop stock purchase
• Positive Sentiment: Director Lawrence Cheng recently bought 55,000 shares for about $1.03 million, increasing his direct stake by 62.5%. The cluster of insider buying following earnings is supporting the bullish case among retail investors. Lawrence Cheng GameStop stock purchase
• Positive Sentiment: GameStop reported adjusted EPS of $0.27, matching consensus, while revenue of $790.2 million exceeded estimates near $756.8 million. Collectibles revenue jumped 57%, providing evidence that the company’s merchandise strategy may be gaining traction. GameStop second-quarter earnings beat
• Neutral Sentiment: Unusually high call-option activity and speculation about how Ryan Cohen may deploy GameStop’s large cash balance are adding to trading momentum, but they do not establish a fundamental change in the business. Reports that GameStop may reconsider an eBay bid also remain unconfirmed. GameStop eBay speculation and earnings
• Negative Sentiment: Revenue declined 18.7% year over year and EPS fell from $0.31 to $0.27, with software and hardware sales weakening. Analysts continue to question whether collectibles growth can offset contraction in GameStop’s traditional gaming operations; one report favors eBay as the cleaner, more profitable investment. GameStop comeback case and eBay comparison

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of GME. Renaissance Technologies LLC boosted its stake in GameStop by 376.2% during the 1st quarter. Renaissance Technologies LLC now owns 2,650,303 shares of the company’s stock valued at $61,063,000 after acquiring an additional 2,093,755 shares during the last quarter. Delta Global Management LP bought a new position in shares of GameStop during the first quarter worth about $3,448,000. Quantinno Capital Management LP grew its stake in GameStop by 377.8% in the first quarter. Quantinno Capital Management LP now owns 138,846 shares of the company’s stock worth $3,199,000 after purchasing an additional 109,788 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in GameStop by 189.1% during the first quarter. Dimensional Fund Advisors LP now owns 3,909,284 shares of the company’s stock valued at $90,046,000 after buying an additional 2,557,079 shares in the last quarter. Finally, California State Teachers Retirement System lifted its holdings in GameStop by 22.5% during the 1st quarter. California State Teachers Retirement System now owns 493,286 shares of the company’s stock worth $11,365,000 after buying an additional 90,474 shares during the last quarter. Hedge funds and other institutional investors own 29.21% of the company’s stock.

About GameStop

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.