GameStop (NYSE:GME) Hits New 12-Month High – Should You Buy?

GameStop Corp. (NYSE:GME)’s stock price reached a new 52-week high during trading on Monday. The company traded as high as $26.95 and last traded at $26.74, with a volume of 4,570,120 shares. The stock had previously closed at $26.56.

More GameStop News

Here are the key news stories impacting GameStop this week:

• Positive Sentiment: CEO Ryan Cohen purchased 844,130 GameStop shares for approximately $22.8 million, buying at an average price of $26.98. His ownership increased 2.03% to 42.49 million shares, a significant signal of confidence that helped propel GME toward a 52-week high. Ryan Cohen purchases GameStop shares
• Positive Sentiment: A bullish operating thesis points to a 130% year-over-year increase in adjusted EBITDA, a 22% adjusted EBITDA margin, and 57% growth in collectibles revenue. Fiscal 2026 EBITDA guidance of at least $650 million and GameStop’s substantial cash reserves could support acquisitions or additional investments. GameStop EBITDA and collectibles analysis
• Neutral Sentiment: GameStop has risen approximately 52% from its late-August low and reached a 15-month high, but some coverage noted that the rally initially lacked a clearly identified fundamental catalyst. This leaves momentum and continued insider buying important to sustaining the advance. GameStop reaches a 15-month high
• Negative Sentiment: Insider Daniel Moore sold 15,480 shares for $417,960, reducing his position by 14.36%. The transaction occurred under a pre-arranged Rule 10b5-1 plan, which makes it a weaker bearish signal than an unscheduled sale, but it still contrasts with Cohen’s buying. GameStop insider sale
• Negative Sentiment: Another analysis argued that GME’s sharp appreciation has made the stock less attractive on valuation and risk-reward grounds, despite operational improvements. Recent quarterly revenue also declined year over year, underscoring execution risks. GameStop valuation analysis

Wall Street Analyst Weigh In

GME has been the topic of several research reports. Weiss Ratings reissued a “hold (c)” rating on shares of GameStop in a research report on Wednesday, July 29th. Wall Street Zen cut GameStop from a “buy” rating to a “hold” rating in a research note on Monday, September 7th. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

GameStop Stock Performance

The company has a market cap of $14.05 billion, a P/E ratio of 18.33 and a beta of 1.63. The company has a quick ratio of 8.07, a current ratio of 8.72 and a debt-to-equity ratio of 0.68. The company has a 50 day moving average price of $21.16 and a 200-day moving average price of $22.04.

GameStop (NYSE:GME) last released its quarterly earnings results on Tuesday, September 8th. The company reported $0.27 EPS for the quarter, hitting 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 the consensus estimate of $756.85 million. During the same period in the previous year, the firm earned $0.31 EPS. GameStop’s revenue was down 18.7% on a year-over-year basis.

Insider Transactions at GameStop

In other news, Director Nat Turner purchased 10,462 shares of the firm’s stock in a transaction on Thursday, October 1st. The stock was purchased at an average cost of $24.33 per share, with a total value of $254,540.46. Following the purchase, the director owned 10,462 shares in the company, valued at $254,540.46. This trade represents a ? increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Daniel Moore sold 15,480 shares of the stock in a transaction on Monday, October 12th. The shares were sold at an average price of $27.00, for a total value of $417,960.00. Following the transaction, the insider directly owned 92,348 shares of the company’s stock, valued at approximately $2,493,396. The trade was a 14.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders acquired 4,232,772 shares of company stock valued at $98,994,742 and sold 33,955 shares valued at $870,667. 9.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On GameStop

Large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its stake in GameStop by 189.1% in the 1st 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 during the period. Renaissance Technologies LLC lifted its position in GameStop by 376.2% in the 1st quarter. Renaissance Technologies LLC now owns 2,650,303 shares of the company’s stock worth $61,063,000 after buying an additional 2,093,755 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in shares of GameStop during the 2nd quarter valued at $5,111,000. Pacer Advisors Inc. boosted its stake in shares of GameStop by 19.3% during the 4th quarter. Pacer Advisors Inc. now owns 1,112,535 shares of the company’s stock valued at $22,340,000 after buying an additional 180,356 shares during the period. Finally, First Trust Advisors LP grew its holdings in shares of GameStop by 412.7% during the 1st quarter. First Trust Advisors LP now owns 208,650 shares of the company’s stock valued at $4,807,000 after acquiring an additional 167,956 shares in the last quarter. Institutional investors own 29.21% of the company’s stock.

About GameStop

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.