GameStop Corp. (NYSE:GME) General Counsel Mark Haymond Robinson Sells 13,471 Shares

GameStop Corp. (NYSE:GME) General Counsel Mark Haymond Robinson sold 13,471 shares of GameStop stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $10.15, for a total value of $136,730.65. Following the transaction, the general counsel now directly owns 50,837 shares in the company, valued at approximately $515,995.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, April 2nd, Mark Haymond Robinson sold 4,379 shares of GameStop stock. The shares were sold at an average price of $11.61, for a total value of $50,840.19.

GameStop Stock Performance

GameStop stock traded up $0.77 during mid-day trading on Wednesday, reaching $10.93. 4,821,706 shares of the company’s stock were exchanged, compared to its average volume of 3,786,423. The business’s fifty day simple moving average is $12.95 and its 200 day simple moving average is $14.11. The firm has a market capitalization of $3.34 billion, a PE ratio of 546.25 and a beta of -0.45. GameStop Corp. has a one year low of $9.95 and a one year high of $27.65. The company has a quick ratio of 1.44, a current ratio of 2.11 and a debt-to-equity ratio of 0.01.

GameStop (NYSE:GME) last issued its quarterly earnings results on Tuesday, March 26th. The company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.07). The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $2.05 billion. GameStop had a return on equity of 1.35% and a net margin of 0.13%. The business’s revenue was down 19.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.16 earnings per share. On average, sell-side analysts expect that GameStop Corp. will post 0.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Wedbush cut their target price on GameStop from $6.00 to $5.60 and set an “underperform” rating on the stock in a research report on Wednesday, March 27th. StockNews.com upgraded GameStop from a “sell” rating to a “hold” rating in a report on Wednesday, March 27th.

Institutional Trading of GameStop

Several hedge funds have recently made changes to their positions in GME. IFP Advisors Inc raised its stake in shares of GameStop by 99.7% in the third quarter. IFP Advisors Inc now owns 2,708 shares of the company’s stock valued at $45,000 after buying an additional 1,352 shares during the period. Fifth Third Bancorp raised its stake in shares of GameStop by 175.6% in the third quarter. Fifth Third Bancorp now owns 2,855 shares of the company’s stock valued at $47,000 after buying an additional 1,819 shares during the period. Headlands Technologies LLC bought a new stake in shares of GameStop in the fourth quarter valued at $55,000. First United Bank & Trust bought a new stake in shares of GameStop in the fourth quarter valued at $70,000. Finally, Exchange Traded Concepts LLC raised its stake in shares of GameStop by 278.9% in the third quarter. Exchange Traded Concepts LLC now owns 6,567 shares of the company’s stock valued at $108,000 after buying an additional 4,834 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.