Key Points
- CEO Anthony Brian Goodman sold a total of 200,000 shares in four transactions between Nov. 24 and Dec. 15 (average prices ~$0.74–$0.82) for roughly $158,000, leaving him with about 7,320,483 shares outstanding.
- GMGI opened at $0.82 (up 3.6%), has a market cap of ~$116.4M, a 52-week range of $0.70–$2.60, just 2.74% institutional ownership, and an analyst consensus of Hold with an average price target of $2.53.
Golden Matrix Group, Inc. (NASDAQ:GMGI - Get Free Report) CEO Anthony Brian Goodman sold 50,000 shares of the firm's stock in a transaction on Monday, December 8th. The stock was sold at an average price of $0.74, for a total transaction of $37,000.00. Following the sale, the chief executive officer owned 7,320,483 shares in the company, valued at approximately $5,417,157.42. The trade was a 0.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Anthony Brian Goodman also recently made the following trade(s):
- On Monday, December 15th, Anthony Brian Goodman sold 50,000 shares of Golden Matrix Group stock. The stock was sold at an average price of $0.80, for a total transaction of $40,000.00.
- On Monday, December 1st, Anthony Brian Goodman sold 50,000 shares of Golden Matrix Group stock. The shares were sold at an average price of $0.82, for a total value of $41,000.00.
- 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 Stock Up 3.6%
GMGI stock opened at $0.82 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.61 and a quick ratio of 0.52. The stock has a market capitalization of $116.38 million, a P/E ratio of -16.48 and a beta of 0.32. Golden Matrix Group, Inc. has a fifty-two week low of $0.70 and a fifty-two week high of $2.60. The business has a 50-day moving average of $0.91 and a 200-day moving average of $1.25.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the stock. Nuveen LLC acquired a new position in shares of Golden Matrix Group during the 1st quarter worth approximately $52,000. Marshall Wace LLP acquired a new stake in shares of Golden Matrix Group in the 2nd quarter valued at approximately $57,000. Topline Capital Management LLC bought a new position in shares of Golden Matrix Group in the second quarter valued at $90,000. Marex Group plc acquired a new position in Golden Matrix Group during the second quarter worth $26,000. Finally, Sandhill Capital Partners LLC acquired a new position in Golden Matrix Group during the third quarter worth $195,000. 2.74% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
GMGI has been the subject of a number of recent research reports. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Golden Matrix Group in a research report on Tuesday, October 14th. Loop Capital set a $1.80 price objective on shares of Golden Matrix Group in a research report on Tuesday. Finally, UBS Group set a $1.80 target price on shares of Golden Matrix Group in a report on Tuesday, October 14th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, Golden Matrix Group presently has an average rating of "Hold" and an average price target of $2.53.
Get Our Latest Analysis on Golden Matrix Group
About Golden Matrix Group
(
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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