Key Points
- John Delta, a director, purchased 4,000 shares on Dec. 12 at an average $2.59 (after buying 1,000 shares on Dec. 11), increasing his stake to 12,000 shares — a 50% position boost.
- MSGM stock was down 3.4% to $2.55 on Friday on below-average volume, valuing the company at about $14.7 million with a trailing P/E of ~6.4.
- Motorsport Games reported $0.14 EPS for the quarter with strong ROE (86.0%) and a 34.2% net margin, but the consensus analyst rating is a Hold and institutional ownership is low (~1.66%).
Motorsport Games Inc. (NASDAQ:MSGM - Get Free Report) Director John Delta purchased 4,000 shares of the business's stock in a transaction on Friday, December 12th. The stock was acquired at an average cost of $2.59 per share, with a total value of $10,360.00. Following the completion of the acquisition, the director directly owned 12,000 shares in the company, valued at $31,080. The trade was a 50.00% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
John Delta also recently made the following trade(s):
- On Thursday, December 11th, John Delta acquired 1,000 shares of Motorsport Games stock. The stock was acquired at an average cost of $2.66 per share, for a total transaction of $2,660.00.
Motorsport Games Trading Down 3.4%
MSGM stock traded down $0.09 on Friday, hitting $2.55. 35,935 shares of the company's stock traded hands, compared to its average volume of 178,596. The stock has a market cap of $14.74 million, a price-to-earnings ratio of 6.38 and a beta of 1.77. Motorsport Games Inc. has a 1-year low of $0.73 and a 1-year high of $5.41. The stock has a fifty day moving average of $2.67 and a 200-day moving average of $2.89.
Motorsport Games (NASDAQ:MSGM - Get Free Report) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.14 earnings per share (EPS) for the quarter. Motorsport Games had a return on equity of 86.01% and a net margin of 34.24%.The company had revenue of $3.10 million for the quarter.
Analysts Set New Price Targets
Separately, Weiss Ratings reiterated a "hold (c-)" rating on shares of Motorsport Games in a research report on Monday. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Motorsport Games has a consensus rating of "Hold".
Read Our Latest Stock Analysis on MSGM
Institutional Trading of Motorsport Games
Several hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP purchased a new position in shares of Motorsport Games during the third quarter valued at $46,000. Heron Bay Capital Management acquired a new stake in Motorsport Games during the 2nd quarter worth about $132,000. Finally, Connective Capital Management LLC grew its stake in Motorsport Games by 354.9% during the 1st quarter. Connective Capital Management LLC now owns 74,000 shares of the company's stock valued at $78,000 after acquiring an additional 57,733 shares in the last quarter. Institutional investors and hedge funds own 1.66% of the company's stock.
Motorsport Games Company Profile
(
Get Free Report)
Motorsport Games Inc develops and publishes multi-platform racing video games in the United States. It operates through Gaming and Esports segments. The company offers rFactor 2, a realistic racing simulation game; NASCAR Heat Mobile, a racing experience for mobile devices; NASCAR Heat 3, NASCAR Heat 4, NASCAR Heat 5, NASCAR Heat Ultimate Edition, and NASCAR 21: Ignition, which are racing video games; KartKraft, a kart racing simulator; NASCAR Rivals, a racing video game; and Le Mans Ultimate, a official game of the FIA World Endurance Championship and 24 Hours of Le Mans.
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