GameSquare (NASDAQ:GAME) Shares Scheduled to Reverse Split on Monday, August 24th

GameSquare Holdings, Inc. (NASDAQ:GAME)’s stock is set to reverse split on the morning of Monday, August 24th. The 1-8 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Sunday, August 23rd.

GameSquare Trading Up 5.1%

GameSquare stock traded up $0.02 during midday trading on Thursday, hitting $0.44. 2,589,165 shares of the stock were exchanged, compared to its average volume of 3,879,009. GameSquare has a fifty-two week low of $0.23 and a fifty-two week high of $0.94. The stock has a market capitalization of $45.35 million, a price-to-earnings ratio of -0.70 and a beta of 1.56. The stock’s 50-day simple moving average is $0.38 and its 200 day simple moving average is $0.37.

GameSquare (NASDAQ:GAME) last issued its earnings results on Monday, August 10th. The entertainment company reported ($0.11) EPS for the quarter. GameSquare had a positive return on equity of 7.97% and a negative net margin of 96.06%.The firm had revenue of $18.48 million for the quarter. Equities analysts anticipate that GameSquare will post 0.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on GAME shares. Weiss Ratings upgraded GameSquare from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 9th. Wall Street Zen raised GameSquare to a “hold” rating in a research note on Saturday, April 25th. Zacks Research upgraded GameSquare from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 13th. Finally, ThinkEquity assumed coverage on GameSquare in a report on Monday, June 8th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Insider Buying and Selling at GameSquare

In other GameSquare news, insider & Silver Ventures Ltd. Blue purchased 144,346 shares of the business’s stock in a transaction on Wednesday, May 27th. The shares were bought at an average cost of $0.42 per share, for a total transaction of $60,625.32. Following the completion of the purchase, the insider directly owned 5,997,620 shares of the company’s stock, valued at approximately $2,519,000.40. This trade represents a 2.47% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On GameSquare

Several large investors have recently bought and sold shares of GAME. Renaissance Technologies LLC increased its holdings in shares of GameSquare by 6.4% in the 1st quarter. Renaissance Technologies LLC now owns 605,300 shares of the entertainment company’s stock valued at $163,000 after acquiring an additional 36,200 shares during the last quarter. Geode Capital Management LLC raised its position in GameSquare by 23.9% in the 2nd quarter. Geode Capital Management LLC now owns 213,914 shares of the entertainment company’s stock valued at $186,000 after purchasing an additional 41,196 shares during the last quarter. XTX Topco Ltd purchased a new stake in GameSquare in the 2nd quarter valued at $38,000. Virtu Financial LLC grew its position in GameSquare by 167.6% during the 4th quarter. Virtu Financial LLC now owns 200,255 shares of the entertainment company’s stock worth $77,000 after purchasing an additional 125,428 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in GameSquare during the 4th quarter worth $153,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.

GameSquare Company Profile

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.