Key Points
- Mike Zoi sold 48,909 shares of Motorsport Games on Feb. 23 at an average price of $3.59 for $175,583, leaving him with 1,426,517 shares (a 3.31% reduction); he also sold smaller lots on Feb. 20 and Feb. 24.
- MSGM shares traded down ~1.0% to $3.61 with a market cap of about $20.8M and a consensus Wall Street rating of "Hold," while institutional investors own only about 1.66% of the company.
Motorsport Games Inc. (NASDAQ:MSGM - Get Free Report) major shareholder Mike Zoi sold 4,959 shares of the business's stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $3.29, for a total value of $16,315.11. Following the completion of the transaction, the insider owned 1,475,426 shares in the company, valued at $4,854,151.54. This trade represents a 0.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.
Mike Zoi also recently made the following trade(s):
- On Tuesday, February 24th, Mike Zoi sold 8,960 shares of Motorsport Games stock. The shares were sold at an average price of $3.62, for a total value of $32,435.20.
- On Monday, February 23rd, Mike Zoi sold 48,909 shares of Motorsport Games stock. The stock was sold at an average price of $3.59, for a total value of $175,583.31.
Motorsport Games Price Performance
Shares of NASDAQ:MSGM traded down $0.14 during trading on Thursday, reaching $3.51. The company had a trading volume of 53,602 shares, compared to its average volume of 79,257. Motorsport Games Inc. has a fifty-two week low of $0.73 and a fifty-two week high of $5.41. The stock's fifty day moving average price is $3.44 and its 200 day moving average price is $3.01. The firm has a market capitalization of $20.26 million, a price-to-earnings ratio of 8.76 and a beta of 1.76.
Analyst Ratings Changes
MSGM has been the topic of several analyst reports. Wall Street Zen raised shares of Motorsport Games to a "buy" rating in a report on Saturday, January 31st. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Motorsport Games in a report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of "Hold".
Read Our Latest Stock Report on Motorsport Games
Institutional Trading of Motorsport Games
Institutional investors have recently added to or reduced their stakes in the stock. Heron Bay Capital Management purchased a new position in Motorsport Games in the second quarter valued at about $132,000. Dimensional Fund Advisors LP purchased a new stake in shares of Motorsport Games during the 3rd quarter worth approximately $46,000. State Street Corp acquired a new stake in shares of Motorsport Games in the 4th quarter worth approximately $39,000. HRT Financial LP purchased a new position in Motorsport Games in the 4th quarter valued at approximately $37,000. Finally, XTX Topco Ltd acquired a new position in Motorsport Games during the fourth quarter worth $34,000. Hedge funds and other institutional investors own 1.66% of the company's stock.
About Motorsport Games
(
Get Free Report)
Motorsport Games, Inc is a publicly traded developer and publisher of interactive motorsport entertainment, headquartered in Miami, Florida. The company specializes in creating officially licensed racing simulation titles and managing associated esports competitions. By focusing exclusively on the motorsport genre, Motorsport Games aims to deliver authentic digital experiences that mirror the rules, tracks and vehicles of real-world racing series.
The company's core activities include the development of video games under licenses from major sanctioning bodies such as NASCAR, the Fédération Internationale de l'Automobile (FIA) and International Motor Sports Association (IMSA).
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