GameSquare (NASDAQ:GAME) Downgraded by Zacks Research to Hold

GameSquare (NASDAQ:GAME) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Monday, Zacks reports.

A number of other analysts have also issued reports on GAME. Wall Street Zen raised shares of GameSquare to a “hold” rating in a research report on Saturday, August 29th. Weiss Ratings downgraded shares of GameSquare from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, August 21st. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

GameSquare Trading Down 6.4%

Shares of GameSquare stock opened at $2.93 on Monday. GameSquare has a 1 year low of $1.88 and a 1 year high of $5.97. The company has a market cap of $38.27 million, a P/E ratio of 19.56 and a beta of 1.42. The stock has a 50-day moving average price of $3.18 and a 200 day moving average price of $3.18.

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

Institutional Trading of GameSquare

A hedge fund recently bought a new position in GameSquare stock. BlackRock Inc. bought a new position in GameSquare Holdings, Inc. (NASDAQ:GAME) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,044,909 shares of the entertainment company’s stock, valued at approximately $413,000. BlackRock Inc. owned about 1.01% of GameSquare at the end of the most recent reporting period. Institutional investors and hedge funds own 64.25% of the company’s stock.

About GameSquare

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.