GameSquare (NASDAQ:GAME) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of GameSquare (NASDAQ:GAME) to a hold rating in a research report sent to investors on Saturday,Wall Street Zen reports.

Other analysts have also recently issued research reports about the stock. Weiss Ratings cut shares of GameSquare from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, August 21st. Zacks Research upgraded shares of GameSquare from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 13th. Finally, ThinkEquity started coverage on shares of GameSquare in a research report on Monday, June 8th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

GameSquare Price Performance

Shares of NASDAQ GAME opened at $2.85 on Friday. The stock’s 50-day moving average is $3.03 and its two-hundred day moving average is $3.00. GameSquare has a 1-year low of $1.88 and a 1-year high of $6.88. The company has a market cap of $36.99 million, a price-to-earnings ratio of -0.57 and a beta of 1.56.

GameSquare (NASDAQ:GAME) last announced its quarterly earnings data on Monday, August 10th. The entertainment company reported ($0.11) earnings per share (EPS) for the quarter. GameSquare had a negative net margin of 96.06% and a positive return on equity of 7.97%. The company had revenue of $18.48 million during the quarter. Equities research analysts anticipate that GameSquare will post 0.64 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in GAME. Renaissance Technologies LLC increased its holdings in shares of GameSquare by 6.4% in the 1st quarter. Renaissance Technologies LLC now owns 605,300 shares of the entertainment company’s stock valued at $163,000 after acquiring an additional 36,200 shares during the last quarter. Geode Capital Management LLC lifted its stake in GameSquare by 23.9% during the second quarter. Geode Capital Management LLC now owns 213,914 shares of the entertainment company’s stock worth $186,000 after purchasing an additional 41,196 shares during the last quarter. XTX Topco Ltd purchased a new stake in GameSquare during the second quarter worth approximately $38,000. Virtu Financial LLC boosted its holdings in GameSquare by 167.6% in the fourth quarter. Virtu Financial LLC now owns 200,255 shares of the entertainment company’s stock valued at $77,000 after purchasing an additional 125,428 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in GameSquare in the fourth quarter valued at approximately $153,000. 64.25% of the stock is owned by institutional investors and hedge funds.

GameSquare Company Profile

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.