GameStop (NYSE:GME) Shares Up 1%

Shares of GameStop Corp. (NYSE:GME - Get Free Report) were up 1% during mid-day trading on Monday . The company traded as high as $26.67 and last traded at $26.32. Approximately 5,165,371 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 25,960,117 shares. The stock had previously closed at $26.05.

Wall Street Analyst Weigh In

GME has been the subject of several recent analyst reports. Wedbush reduced their target price on GameStop from $13.50 to $11.00 and set an "underperform" rating for the company in a research report on Wednesday, June 12th. StockNews.com raised shares of GameStop to a "sell" rating in a research note on Wednesday, July 10th.

GameStop Stock Performance

The firm has a market cap of $9.47 billion, a PE ratio of 337.17 and a beta of -0.10. The company has a 50 day simple moving average of $25.38 and a 200-day simple moving average of $17.79. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.22 and a quick ratio of 1.42.

GameStop (NYSE:GME - Get Free Report) last announced its quarterly earnings data on Friday, June 7th. The company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.03). The business had revenue of $881.80 million during the quarter, compared to the consensus estimate of $995.30 million. GameStop had a return on equity of 1.78% and a net margin of 0.51%. The company's revenue was down 28.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.14) earnings per share. As a group, equities research analysts anticipate that GameStop Corp. will post 0.08 EPS for the current year.

Insider Transactions at GameStop

In other news, General Counsel Mark Haymond Robinson sold 2,215 shares of the business's stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $26.33, for a total value of $58,320.95. Following the completion of the sale, the general counsel now directly owns 48,408 shares in the company, valued at approximately $1,274,582.64. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, insider Daniel William Moore sold 7,779 shares of the company's stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $10.20, for a total transaction of $79,345.80. Following the completion of the sale, the insider now directly owns 13,606 shares in the company, valued at approximately $138,781.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Mark Haymond Robinson sold 2,215 shares of the company's stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $26.33, for a total transaction of $58,320.95. Following the sale, the general counsel now owns 48,408 shares of the company's stock, valued at $1,274,582.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,647 shares of company stock worth $300,183. 12.28% of the stock is currently owned by insiders.

Institutional Investors Weigh In On GameStop

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Teachers Retirement System of The State of Kentucky increased its position in GameStop by 93.6% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 86,428 shares of the company's stock valued at $1,422,000 after purchasing an additional 41,780 shares during the period. Vanguard Group Inc. increased its position in GameStop by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 25,283,111 shares of the company's stock valued at $416,160,000 after purchasing an additional 345,488 shares during the period. Handelsinvest Investeringsforvaltning purchased a new position in GameStop during the 4th quarter valued at $184,000. SG Americas Securities LLC increased its position in GameStop by 35.5% during the 4th quarter. SG Americas Securities LLC now owns 32,227 shares of the company's stock valued at $565,000 after purchasing an additional 8,440 shares during the period. Finally, Pacer Advisors Inc. increased its position in GameStop by 78.5% during the 4th quarter. Pacer Advisors Inc. now owns 41,110 shares of the company's stock valued at $721,000 after purchasing an additional 18,075 shares during the period. 29.21% of the stock is currently owned by institutional investors.

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.