GameStop Corp. (NYSE:GME) General Counsel Mark Haymond Robinson Sells 1,577 Shares

GameStop Corp. (NYSE:GME) General Counsel Mark Haymond Robinson sold 1,577 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $31.07, for a total value 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 approximately $1,315,814.50. The trade was a 3.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 shares were sold at an average price of $20.82, for a total value of $229,020.00.

GameStop Price Performance

Shares of NYSE GME opened at $32.72 on Tuesday. The firm has a market cap of $14.62 billion, a price-to-earnings ratio of 181.79 and a beta of -0.02. The stock’s fifty day moving average price is $27.94 and its two-hundred day moving average price is $24.51. GameStop Corp. has a one year low of $9.95 and a one year high of $64.83.

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

Institutional Investors Weigh In On GameStop

Hedge funds and other institutional investors have recently made changes to their positions in the business. UMB Bank n.a. increased its stake in GameStop by 535.8% during the 3rd quarter. UMB Bank n.a. now owns 1,138 shares of the company’s stock worth $26,000 after acquiring an additional 959 shares during the period. CWM LLC increased its position in shares of GameStop by 19.9% in the third quarter. CWM LLC now owns 3,189 shares of the company’s stock worth $73,000 after purchasing an additional 529 shares during the period. GAMMA Investing LLC raised its stake in GameStop by 65.8% in the fourth quarter. GAMMA Investing LLC now owns 3,564 shares of the company’s stock valued at $112,000 after purchasing an additional 1,414 shares in the last quarter. Quest Partners LLC lifted its position in GameStop by 7,156.5% during the second quarter. Quest Partners LLC now owns 6,168 shares of the company’s stock worth $152,000 after purchasing an additional 6,083 shares during the period. Finally, Centaurus Financial Inc. acquired a new stake in GameStop during the third quarter worth about $171,000. 29.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.