GameStop (NYSE:GME) Trading 7.1% Higher - What's Next?

GameStop Corp. (NYSE:GME - Get Free Report)'s stock price rose 7.1% during mid-day trading on Monday . The company traded as high as $25.83 and last traded at $26.49. Approximately 1,762,719 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 6,088,941 shares. The stock had previously closed at $24.73.

Analyst Ratings Changes

A number of research analysts have commented on the stock. StockNews.com upgraded shares of GameStop to a "sell" rating in a research note on Saturday, October 19th. Wedbush restated an "underperform" rating and set a $10.00 price objective on shares of GameStop in a research note on Friday, December 6th.

GameStop Price Performance

The firm's fifty day moving average price is $28.99 and its 200-day moving average price is $25.13. The company has a market cap of $11.77 billion, a price-to-earnings ratio of 146.37 and a beta of -0.11.

GameStop (NYSE:GME - Get Free Report) last posted its earnings results on Tuesday, December 10th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.09. GameStop had a net margin of 1.45% and a return on equity of 2.11%. The firm had revenue of $860.30 million during the quarter, compared to analysts' expectations of $887.68 million. The business's revenue for the quarter was down 20.2% on a year-over-year basis. As a group, equities analysts forecast that GameStop Corp. will post 0.08 earnings per share for the current fiscal year.

Insider Activity

In related news, General Counsel Mark Haymond Robinson sold 1,577 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were 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 directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Daniel William Moore sold 895 shares of the company's stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $31.07, for a total value of $27,807.65. Following the completion of the transaction, the insider now directly owns 31,385 shares in the company, valued at $975,131.95. This represents a 2.77 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 12.28% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. UMB Bank n.a. boosted its stake in GameStop by 535.8% in the 3rd quarter. UMB Bank n.a. now owns 1,138 shares of the company's stock worth $26,000 after purchasing an additional 959 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of GameStop by 223.5% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 990 shares of the company's stock valued at $31,000 after purchasing an additional 684 shares during the period. New Wave Wealth Advisors LLC purchased a new stake in shares of GameStop in the fourth quarter worth approximately $37,000. R Squared Ltd purchased a new stake in GameStop in the 4th quarter worth approximately $51,000. Finally, Bessemer Group Inc. boosted its stake in shares of GameStop by 67.2% during the 4th quarter. Bessemer Group Inc. now owns 1,720 shares of the company's stock valued at $54,000 after buying an additional 691 shares during the period. 29.21% of the stock is currently owned by institutional investors and hedge funds.

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.