GameSquare (NASDAQ:GAME) Upgraded to “Hold” at Zacks Research

GameSquare (NASDAQ:GAME) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Several other equities research analysts have also issued reports on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of GameSquare in a report on Tuesday, April 21st. Wall Street Zen raised shares of GameSquare to a “hold” rating in a report on Saturday, April 25th. Finally, ThinkEquity initiated coverage on shares of GameSquare in a report on Monday. They issued a “buy” rating for the company. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold”.

GameSquare Stock Up 1.0%

NASDAQ GAME opened at $0.43 on Monday. GameSquare has a 52 week low of $0.24 and a 52 week high of $2.87. The firm has a market capitalization of $40.17 million, a P/E ratio of -0.73 and a beta of 1.52. The company has a 50-day moving average price of $0.42 and a 200-day moving average price of $0.40.

Insider Transactions at GameSquare

In other GameSquare news, insider & Silver Ventures Ltd. Blue bought 144,346 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was acquired at an average cost of $0.42 per share, for a total transaction of $60,625.32. Following the completion of the transaction, the insider owned 5,997,620 shares in the company, valued at $2,519,000.40. This trade represents a 2.47% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders acquired 2,998,810 shares of company stock valued at $1,651,705 in the last ninety days. 5.20% of the stock is owned by company insiders.

Institutional Trading of GameSquare

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of GameSquare by 353.8% during the third quarter. Vanguard Group Inc. now owns 4,282,748 shares of the entertainment company’s stock worth $2,908,000 after purchasing an additional 3,339,080 shares during the last quarter. Polar Asset Management Partners Inc. purchased a new position in shares of GameSquare during the third quarter valued at $1,358,000. UBS Group AG increased its stake in shares of GameSquare by 275,329.0% during the third quarter. UBS Group AG now owns 1,669,100 shares of the entertainment company’s stock valued at $1,133,000 after buying an additional 1,668,494 shares during the period. Geode Capital Management LLC increased its stake in shares of GameSquare by 16.6% during the fourth quarter. Geode Capital Management LLC now owns 970,853 shares of the entertainment company’s stock valued at $374,000 after buying an additional 138,361 shares during the period. Finally, Renaissance Technologies LLC increased its stake in shares of GameSquare by 6.4% during the first quarter. Renaissance Technologies LLC now owns 605,300 shares of the entertainment company’s stock valued at $163,000 after buying an additional 36,200 shares during the period. 64.25% of the stock is currently owned by institutional investors.

About GameSquare

GameSquare Inc (NASDAQ: GAME) is a digital media and marketing company focused on the global gaming and esports industries. The company operates a network of online properties and community platforms that deliver editorial content, live event coverage, and video programming to enthusiasts and consumers. GameSquare’s offerings span both traditional gaming titles and competitive esports leagues, enabling advertisers and brand partners to engage with a diverse and highly engaged audience.

Through its flagship Enthusiast Gaming network, GameSquare oversees a portfolio of more than 35 websites and digital channels, including long-standing properties such as Destructoid, The Escapist and Daily Esports.