GameSquare (NASDAQ:GAME) Stock Rating Lowered by Zacks Research

GameSquare (NASDAQ:GAME) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday, Zacks reports.

Other analysts also recently issued reports about the stock. Weiss Ratings downgraded shares of GameSquare from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, August 21st. Wall Street Zen upgraded shares of GameSquare to a “hold” rating in a report on Saturday, August 29th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold”.

GameSquare Trading Down 6.4%

Shares of GameSquare stock opened at $2.93 on Monday. The company’s fifty day simple moving average is $3.18 and its 200-day simple moving average is $3.18. The company has a market cap of $38.27 million, a price-to-earnings ratio of -0.59 and a beta of 1.42. GameSquare has a 1 year low of $1.88 and a 1 year high of $5.97.

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

Institutional Investors Weigh In On GameSquare

An institutional investor recently bought a new position in GameSquare stock. BlackRock Inc. purchased a new stake in GameSquare Holdings, Inc. (NASDAQ:GAME) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,044,909 shares of the entertainment company’s stock, valued at approximately $413,000. BlackRock Inc. owned 1.01% of GameSquare at the end of the most recent reporting period. 64.25% of the stock is owned by institutional investors and hedge funds.

GameSquare Company Profile

GameSquare Holdings, Inc is a gaming and media company that connects brands with audiences across esports, gaming, entertainment and digital culture. The company provides marketing, advertising, content production, talent representation and experiential services designed to help businesses reach gaming and youth-oriented audiences.

GameSquare’s portfolio has included esports organizations, gaming talent and media properties such as FaZe Clan and Complexity Gaming. Its operations also include capabilities in esports and gaming management, branded content, influencer marketing, creative production and live experiences.