Jeremi Gorman Buys 65,897 Shares of GameSquare (NASDAQ:GAME) Stock

GameSquare Holdings, Inc. (NASDAQ:GAME) Director Jeremi Gorman acquired 65,897 shares of the business’s stock in a transaction on Friday, September 19th. The stock was acquired at an average price of $0.76 per share, with a total value of $50,081.72. Following the acquisition, the director owned 65,897 shares in the company, valued at $50,081.72. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.

GameSquare Trading Down 2.0%

GAME stock traded down $0.01 during mid-day trading on Friday, reaching $0.60. The company’s stock had a trading volume of 3,083,811 shares, compared to its average volume of 6,293,646. The stock has a market cap of $57.17 million, a PE ratio of -1.09 and a beta of 0.82. GameSquare Holdings, Inc. has a fifty-two week low of $0.24 and a fifty-two week high of $2.87. The company’s 50 day moving average is $0.32 and its two-hundred day moving average is $0.45.

GameSquare (NASDAQ:GAME) last released its quarterly earnings data on Wednesday, April 8th. The entertainment company reported ($0.04) EPS for the quarter. The business had revenue of $18.46 million during the quarter. GameSquare had a negative net margin of 60.09% and a negative return on equity of 54.32%. On average, analysts forecast that GameSquare Holdings, Inc. will post -0.1 earnings per share for the current fiscal year.

Institutional Trading of GameSquare

Several hedge funds have recently made changes to their positions in GAME. Vanguard Group Inc. grew its stake in shares of GameSquare by 353.8% in the 3rd quarter. Vanguard Group Inc. now owns 4,282,748 shares of the entertainment company’s stock valued at $2,908,000 after buying an additional 3,339,080 shares during the period. Polar Asset Management Partners Inc. purchased a new stake in shares of GameSquare in the 3rd quarter valued at approximately $1,358,000. UBS Group AG grew its stake in shares of GameSquare by 275,329.0% in the 3rd 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. Jane Street Group LLC purchased a new stake in shares of GameSquare in the 4th quarter valued at approximately $153,000. Finally, B Group Inc. purchased a new stake in shares of GameSquare in the 3rd quarter valued at approximately $170,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Wall Street Analyst Weigh In

GAME has been the subject of a number of recent research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of GameSquare in a report on Tuesday. Zacks Research downgraded shares of GameSquare from a “hold” rating to a “strong sell” rating in a report on Friday, April 10th. Two investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

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.