Insider Selling: GameStop Corp. (NYSE:GME) General Counsel Sells 1,577 Shares of Stock

GameStop Corp. (NYSE:GME) General Counsel Mark Haymond Robinson sold 1,577 shares of GameStop stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $31.07, for a total transaction of $48,997.39. Following the completion of the sale, the general counsel now owns 42,350 shares of the company’s stock, valued at $1,315,814.50. This represents a 3.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Mark Haymond Robinson also recently made the following trade(s):

• On Thursday, October 10th, Mark Haymond Robinson sold 11,000 shares of GameStop stock. The stock was sold at an average price of $20.82, for a total transaction of $229,020.00.

GameStop Trading Up 3.4 %

NYSE GME traded up $1.07 during trading hours on Monday, hitting $32.72. 12,518,525 shares of the company’s stock traded hands, compared to its average volume of 9,314,210. GameStop Corp. has a 52 week low of $9.95 and a 52 week high of $64.83. The firm has a market capitalization of $14.62 billion, a P/E ratio of 181.79 and a beta of -0.02. The business’s fifty day moving average price is $27.94 and its two-hundred day moving average price is $24.51.

GameStop (NYSE:GME) last issued its quarterly earnings data on Tuesday, December 10th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.09. The firm had revenue of $860.30 million during the quarter, compared to the consensus estimate of $887.68 million. GameStop had a net margin of 1.45% and a return on equity of 2.11%. The business’s revenue was down 20.2% on a year-over-year basis. On average, sell-side analysts expect that GameStop Corp. will post 0.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

GME has been the topic of several research analyst reports. StockNews.com raised GameStop to a “sell” rating in a report on Saturday, October 19th. Wedbush reissued an “underperform” rating and issued a $10.00 target price on shares of GameStop in a report on Friday, December 6th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in GME. Commonwealth Equity Services LLC purchased a new stake in shares of GameStop in the second quarter worth $261,000. Natixis Advisors LLC purchased a new position in shares of GameStop in the second quarter worth $373,000. CIBC Asset Management Inc bought a new position in shares of GameStop during the second quarter worth $211,000. Victory Capital Management Inc. grew its stake in GameStop by 9.0% during the second quarter. Victory Capital Management Inc. now owns 61,233 shares of the company’s stock valued at $1,512,000 after acquiring an additional 5,060 shares in the last quarter. Finally, Arizona State Retirement System increased its holdings in GameStop by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 77,067 shares of the company’s stock valued at $1,903,000 after acquiring an additional 1,501 shares during the last quarter. 29.21% of the stock is owned by hedge funds and other institutional investors.

GameStop Company Profile

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.