Alain Attal Acquires 5,000 Shares of GameStop (NYSE:GME) Stock

GameStop Corp. (NYSE:GME) Director Alain Attal bought 5,000 shares of GameStop stock in a transaction that occurred on Thursday, September 10th. The shares were acquired at an average price of $20.00 per share, with a total value of $100,000.00. Following the completion of the acquisition, the director directly owned 601,464 shares of the company’s stock, valued at $12,029,280. This represents a 0.84% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

GameStop Price Performance

Shares of NYSE GME traded up $0.53 during trading on Thursday, hitting $20.42. The company had a trading volume of 10,561,059 shares, compared to its average volume of 7,076,625. The company has a market cap of $9.16 billion, a P/E ratio of 13.43 and a beta of 1.72. GameStop Corp. has a 52 week low of $17.79 and a 52 week high of $28.10. The business’s 50-day moving average is $20.11 and its 200 day moving average is $22.01. The company has a debt-to-equity ratio of 0.71, a quick ratio of 11.91 and a current ratio of 12.40.

GameStop (NYSE:GME) last announced its quarterly earnings data on Tuesday, September 8th. The company reported $0.27 EPS for the quarter, meeting analysts’ consensus estimates of $0.27. The company had revenue of $790.20 million during the quarter, compared to the consensus estimate of $756.85 million. GameStop had a return on equity of 13.94% and a net margin of 25.16%.The company’s quarterly revenue was down 18.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.31 EPS.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Wall Street Zen cut GameStop from a “buy” rating to a “hold” rating in a research note on Monday. Weiss Ratings reiterated a “hold (c)” rating on shares of GameStop in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, GameStop has an average rating of “Hold”.

Institutional Trading of GameStop

Large investors have recently added to or reduced their stakes in the company. Northwestern Mutual Investment Management Company LLC lifted its holdings in shares of GameStop by 0.5% in the fourth quarter. Northwestern Mutual Investment Management Company LLC now owns 92,197 shares of the company’s stock valued at $1,851,000 after purchasing an additional 463 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in GameStop by 0.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 131,002 shares of the company’s stock worth $3,574,000 after acquiring an additional 578 shares in the last quarter. Panagora Asset Management Inc. boosted its position in GameStop by 4.5% during the 4th quarter. Panagora Asset Management Inc. now owns 13,692 shares of the company’s stock worth $275,000 after acquiring an additional 594 shares during the period. UMB Bank n.a. grew its stake in GameStop by 14.5% during the 4th quarter. UMB Bank n.a. now owns 4,694 shares of the company’s stock valued at $94,000 after acquiring an additional 595 shares in the last quarter. Finally, Rakuten Securities Inc. grew its stake in GameStop by 9.4% during the 2nd quarter. Rakuten Securities Inc. now owns 7,572 shares of the company’s stock valued at $185,000 after acquiring an additional 650 shares in the last quarter. 29.21% of the stock is owned by institutional investors and hedge funds.

Key GameStop News

Here are the key news stories impacting GameStop this week:

• Positive Sentiment: GameStop reported adjusted Q2 EPS of $0.27 and revenue of $790.2 million, beating one cited consensus estimate of $0.19 EPS and approximately $756.8 million in revenue. Collectibles revenue surged 57%, providing evidence of growth in a potentially higher-margin business. GameStop beats second quarter estimates on collectibles
• Positive Sentiment: Director Lawrence Cheng bought 55,000 shares for approximately $1.03 million, increasing his direct holdings by 62.5%. Director James Grube separately purchased 10,255 shares for about $196,000, lifting his stake by 35%. The purchases are supporting retail-investor sentiment and may signal insider confidence in GME’s valuation or turnaround prospects. Lawrence Cheng GameStop stock purchase James Grube GameStop stock purchase
• Positive Sentiment: Trading activity has reflected bullish speculation: investors purchased about 245,499 GME call options, roughly 58% above typical daily volume. Some investors also believe the collectibles business could support a higher valuation than the shrinking legacy retail operation.
• Neutral Sentiment: Investors continue to monitor how Chairman Ryan Cohen may deploy GameStop’s substantial cash reserves. Reports about a possible eBay bid or withdrawal have fueled speculation, but no transaction was confirmed in the supplied coverage. GameStop’s month explained
• Negative Sentiment: Revenue declined 18.7% year over year to $790.2 million, while EPS fell from $0.31 to $0.27. Software and hardware sales weakened, raising concerns that collectibles growth may not yet offset deterioration in GameStop’s traditional gaming business.
• Negative Sentiment: Analyst coverage remains cautious, with GameStop generally rated “Hold”; one service recently downgraded the shares from “Buy” to “Hold.” Commentary also favors eBay as a cleaner and more profitable investment, limiting enthusiasm for GME.

About GameStop

GameStop Corp. is a multichannel retailer specializing in video games, gaming hardware, accessories and related entertainment products. Its offerings include new and pre-owned consoles and games, controllers, headsets, collectibles, apparel, toys and trading cards. The company sells through its retail stores, e-commerce websites and other digital channels.

Founded in 1984 as Babbage’s, the company expanded through acquisitions and adopted the GameStop name in 2000. It has historically operated stores in the United States, Canada, Australia and several European markets, although its international footprint has changed over time as the company has closed or sold certain operations.