Key Points
- CEO Anthony Brian Goodman sold 50,000 shares on Nov. 24 at $0.80 for $40,000, leaving him with 7,420,483 shares — a 0.67% reduction in his ownership.
- GMGI is trading near its 52-week low (opened $0.76) with a market cap of about $108M and a negative P/E, while analysts hold a consensus "Hold" with a $2.90 target (UBS $1.80) and several hedge funds have recently increased positions.
Golden Matrix Group, Inc. (NASDAQ:GMGI - Get Free Report) CEO Anthony Brian Goodman sold 50,000 shares of Golden Matrix Group stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $0.80, for a total transaction of $40,000.00. Following the sale, the chief executive officer owned 7,420,483 shares of the company's stock, valued at approximately $5,936,386.40. The trade was a 0.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Anthony Brian Goodman also recently made the following trade(s):
- On Tuesday, September 2nd, Anthony Brian Goodman sold 50,000 shares of Golden Matrix Group stock. The stock was sold at an average price of $1.05, for a total transaction of $52,500.00.
Golden Matrix Group Stock Performance
Golden Matrix Group stock opened at $0.76 on Friday. Golden Matrix Group, Inc. has a fifty-two week low of $0.72 and a fifty-two week high of $2.60. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.52 and a current ratio of 0.61. The stock has a market cap of $107.91 million, a P/E ratio of -15.28 and a beta of 0.29. The firm's fifty day moving average price is $0.98 and its 200-day moving average price is $1.32.
Hedge Funds Weigh In On Golden Matrix Group
Several hedge funds have recently made changes to their positions in GMGI. Nuveen LLC bought a new position in shares of Golden Matrix Group during the first quarter valued at approximately $52,000. Susquehanna International Group LLP increased its position in Golden Matrix Group by 33.7% during the 3rd quarter. Susquehanna International Group LLP now owns 114,409 shares of the company's stock valued at $129,000 after purchasing an additional 28,819 shares during the period. Millennium Management LLC increased its position in Golden Matrix Group by 68.8% during the 3rd quarter. Millennium Management LLC now owns 131,812 shares of the company's stock valued at $149,000 after purchasing an additional 53,703 shares during the period. Citadel Advisors LLC raised its holdings in Golden Matrix Group by 1,603.2% in the 3rd quarter. Citadel Advisors LLC now owns 206,082 shares of the company's stock worth $233,000 after purchasing an additional 193,982 shares in the last quarter. Finally, Squarepoint Ops LLC lifted its position in shares of Golden Matrix Group by 115.2% in the 3rd quarter. Squarepoint Ops LLC now owns 148,302 shares of the company's stock worth $168,000 after purchasing an additional 79,382 shares during the period. 2.74% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities research analysts have issued reports on the company. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Golden Matrix Group in a research note on Tuesday, October 14th. UBS Group set a $1.80 price objective on Golden Matrix Group in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $2.90.
View Our Latest Analysis on GMGI
Golden Matrix Group Company Profile
(
Get Free Report)
Golden Matrix Group, Inc provides enterprise software-as-a-service solutions for online casino and sports betting operators. The company develops and owns online gaming intellectual property; and builds gaming platforms for customers located primarily in the Asia Pacific region. Its platform facilitates gaming customers in operating online casinos, sportsbooks, lottery, and live games; and provides customers with access to a portfolio of licensed gaming content, which are provided by gaming content providers.
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