GameStop (GME) to Release Earnings on Tuesday

GameStop (NYSE:GME) will likely be posting its quarterly earnings results before the market opens on Tuesday, March 25th. Analysts expect GameStop to post earnings of $0.09 per share and revenue of $1.48 billion for the quarter.

GameStop Trading Up 5.5 %

GME opened at $24.81 on Monday. The company’s 50 day moving average is $25.75 and its 200 day moving average is $25.64. The company has a market cap of $11.08 billion, a price-to-earnings ratio of 137.81 and a beta of -0.29. GameStop has a 12-month low of $9.95 and a 12-month high of $64.83.

Insider Buying and Selling at GameStop

In other GameStop news, General Counsel Mark Haymond Robinson sold 1,577 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $31.07, for a total value of $48,997.39. Following the completion of the transaction, the general counsel now directly owns 42,350 shares in the company, valued at $1,315,814.50. This represents a 3.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Daniel William Moore sold 895 shares of the firm’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $31.07, for a total transaction of $27,807.65. Following the sale, the insider now owns 31,385 shares in the company, valued at $975,131.95. The trade was a 2.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.28% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, Wedbush reiterated an “underperform” rating and set a $10.00 price target on shares of GameStop in a research note on Friday, December 6th.

About GameStop

GameStop Corp., a specialty retailer, provides games and entertainment products through its stores and ecommerce platforms in the United States, Canada, Australia, and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, and virtual reality products; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads.