Key Points
- CEO Anthony Brian Goodman sold 50,000 shares on Dec. 1 at an average price of $0.82 (≈$41,000), leaving him with 7,370,483 shares — a 0.67% reduction in his ownership.
- He also sold 50,000 shares on Nov. 24 at $0.80; the two transactions total 100,000 shares for about $81,000.
- GMGI shares opened at $0.73 (down ~8%), trading near a 52‑week low of $0.71 with a $103.5M market cap, while analysts are mixed (consensus "Hold") and the average target is $2.90.
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, December 1st. The stock was sold at an average price of $0.82, for a total value of $41,000.00. Following the completion of the sale, the chief executive officer directly owned 7,370,483 shares in the company, valued at $6,043,796.06. This represents 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 accessible through this hyperlink.
Anthony Brian Goodman also recently made the following trade(s):
- On Monday, November 24th, Anthony Brian Goodman sold 50,000 shares of Golden Matrix Group stock. The shares were sold at an average price of $0.80, for a total value of $40,000.00.
Golden Matrix Group Trading Down 8.0%
Shares of GMGI opened at $0.73 on Tuesday. Golden Matrix Group, Inc. has a 52-week low of $0.71 and a 52-week high of $2.60. The stock has a market cap of $103.51 million, a PE ratio of -14.66 and a beta of 0.32. The firm's fifty day moving average is $0.95 and its two-hundred day moving average is $1.29. The company has a quick ratio of 0.52, a current ratio of 0.61 and a debt-to-equity ratio of 0.07.
Analysts Set New Price Targets
Several brokerages recently issued reports on GMGI. 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 research note 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, Golden Matrix Group presently has an average rating of "Hold" and a consensus target price of $2.90.
Read Our Latest Research Report on GMGI
Institutional Trading of Golden Matrix Group
Several institutional investors have recently made changes to their positions in GMGI. Marex Group plc acquired a new position in Golden Matrix Group in the second quarter valued at approximately $26,000. Nuveen LLC purchased a new stake in Golden Matrix Group in the first quarter valued at $52,000. Virtu Financial LLC purchased a new stake in Golden Matrix Group in the third quarter valued at $33,000. Marshall Wace LLP acquired a new position in shares of Golden Matrix Group in the 2nd quarter valued at $57,000. Finally, Topline Capital Management LLC acquired a new position in shares of Golden Matrix Group in the 2nd quarter valued at $90,000. Hedge funds and other institutional investors own 2.74% of the company's stock.
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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