• GameStop (NYSE:GME) has seen heavy insider buying in the past week, including purchases by CEO Ryan Cohen and multiple board members.
• Michael Burry publicly confirmed a sizable, long term position in GameStop, describing it as a value investment and backing Cohen's leadership.
• The company transferred its entire bitcoin position to Coinbase Prime, raising questions about future plans for its digital asset exposure.

GameStop shares recently closed at $24.21, with the stock up 14.7% over the past week and 14.8% over the past 30 days. Year to date, NYSE:GME is up 17.4%. However, the 1 year return shows a 10.8% decline, which highlights how volatile the name can be. Against that backdrop, fresh insider buying and a high profile value investor on the register give investors new data points to weigh alongside the company’s longer term 3 year and 5 year returns of 12.0% and 8.9% respectively.

For you as a shareholder or potential investor, the combination of insider buying, Burry’s long term framing and the bitcoin move to Coinbase Prime raises questions about where management wants to take the business and its balance sheet. The key issues now are how firmly this insider activity and digital asset decision fit into a clear operating plan, and whether the current share price of $24.21 reflects that evolving story.

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Quick Assessment

• 📊 Price vs Analyst Target: There is no current analyst price target for GameStop, so you are not anchored to Street estimates here.
• ✅ Simply Wall St Valuation: The shares are flagged as undervalued, trading about 76.2% below an internal fair value estimate.
• ✅ Recent Momentum: The 30 day return is about 14.8%, so the market has recently been rewarding the stock.

Check out Simply Wall St's in depth valuation analysis for GameStop.

Key Considerations

• 📊 Heavy insider buying and Michael Burry's long term stance both indicate insider and institutional confidence at around US$24.21.
• 📊 Monitor how the bitcoin position on Coinbase Prime and any further digital asset moves sit alongside earnings, a P/E of 25.7, and revenue of US$3.8b.
• ⚠️ The news does not list specific risks, so you need to judge whether recent enthusiasm and crypto exposure fit your own risk tolerance.

Dig Deeper

For the full picture including more risks and rewards, check out the complete GameStop analysis.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.