GameStop (NYSE:GME) Director Buys $254,540.46 in Stock

GameStop Corp. (NYSE:GME) Director Nat Turner purchased 10,462 shares of the stock in a transaction that occurred on Thursday, October 1st. The stock was purchased at an average price of $24.33 per share, for a total transaction of $254,540.46. Following the acquisition, the director owned 10,462 shares in the company, valued at approximately $254,540.46. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

GameStop Stock Performance

NYSE GME opened at $24.66 on Friday. GameStop Corp. has a 1-year low of $17.79 and a 1-year high of $26.99. The company has a market capitalization of $12.44 billion, a P/E ratio of 16.23 and a beta of 1.63. The business has a 50 day moving average price of $20.49 and a 200 day moving average price of $21.91. The company has a debt-to-equity ratio of 0.68, a current ratio of 8.72 and a quick ratio of 8.07.

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

Hedge Funds Weigh In On GameStop

A number of institutional investors have recently made changes to their positions in GME. WINTON GROUP Ltd purchased a new stake in shares of GameStop in the second quarter valued at $5,111,000. Sterling Investment Advisors Ltd. boosted its stake in shares of GameStop by 33.8% during the second quarter. Sterling Investment Advisors Ltd. now owns 18,316 shares of the company’s stock valued at $404,000 after acquiring an additional 4,627 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in GameStop during the 2nd quarter worth about $1,866,000. AlphaGrep UK Ltd purchased a new stake in GameStop during the 2nd quarter worth about $708,000. Finally, Public Employees Retirement System of Ohio acquired a new position in GameStop in the 2nd quarter valued at about $2,578,000. 29.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on GME. Wall Street Zen cut shares of GameStop from a “buy” rating to a “hold” rating in a research note on Monday, September 7th. Weiss Ratings restated a “hold (c)” rating on shares of GameStop in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, GameStop currently has an average rating of “Hold”.

Key Headlines Impacting GameStop

Here are the key news stories impacting GameStop this week:

• Positive Sentiment: CEO Ryan Cohen purchased 700,000 GME shares for approximately $17.1 million. The shares were acquired at an average price of $24.41, increasing his holdings by 1.71% to 41.65 million shares. The sizable open-market purchase signals continued confidence from GameStop’s top executive and is likely the primary catalyst behind the stock’s strength. SEC filing for Ryan Cohen’s GameStop purchase
• Positive Sentiment: Director Nat Turner also bought 10,462 shares worth approximately $254,540. The purchase, made at an average price of $24.33, adds to a growing pattern of insider buying and reinforces the perception that company insiders consider GME attractively valued despite its volatility. SEC filing for Nat Turner’s GameStop purchase
• Positive Sentiment: The latest purchases extend a broader insider-buying streak. Cohen has repeatedly added shares in recent weeks, while other directors have followed with purchases at progressively higher prices. This concentration of insider demand is building bullish attention around GameStop and may be supporting the stock’s momentum. Report on Ryan Cohen and GameStop director purchases
• Neutral Sentiment: GameStop’s financial picture remains mixed. Its latest quarterly revenue declined 18.7% year over year to $790.2 million, although earnings of $0.27 per share matched estimates and revenue exceeded consensus. Institutional ownership and trading above key moving averages provide some support, but these factors do not resolve the company’s longer-term growth challenge.
• Negative Sentiment: Analyst sentiment remains cautious. The average rating is “Hold,” and at least one rating service recently downgraded the shares. Continued revenue contraction or failure to convert insider confidence into sustainable operating growth could limit further gains.

GameStop Company Profile

GameStop Corp. is a multichannel retailer focused on video game products and related entertainment merchandise. The company sells new and pre-owned video game hardware, software, accessories and consumer electronics through its retail stores and e-commerce websites. Its product offerings include gaming consoles, controllers, headsets, games and other equipment for major platforms.

GameStop also sells collectibles, apparel, toys, trading cards and other products connected to video games and popular culture.