Key Points
- Major shareholder Mike Zoi sold 40,535 Motorsport Games shares on March 4 at an average price of $4.03 for about $163,356, reducing his stake by 2.94% to 1,336,264 shares (valued ≈ $5.39M).
- That March 4 sale is part of a sustained insider selling spree—Zoi sold roughly 145,562 shares between Feb. 20 and Mar. 4 across multiple trades, signaling significant insider liquidation over recent weeks.
- Motorsport Games shares jumped 9.9% to $4.45 on above-average volume; the company has a market cap of $25.72M, institutional ownership of about 1.66%, and an average analyst rating of “Hold.”
Motorsport Games Inc. (NASDAQ:MSGM - Get Free Report) major shareholder Mike Zoi sold 40,535 shares of Motorsport Games stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $4.03, for a total transaction of $163,356.05. Following the sale, the insider owned 1,336,264 shares of the company's stock, valued at approximately $5,385,143.92. This trade represents a 2.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.
Mike Zoi also recently made the following trade(s):
- On Tuesday, March 3rd, Mike Zoi sold 11,675 shares of Motorsport Games stock. The shares were sold at an average price of $3.77, for a total transaction of $44,014.75.
- On Monday, March 2nd, Mike Zoi sold 6,500 shares of Motorsport Games stock. The stock was sold at an average price of $3.74, for a total transaction of $24,310.00.
- On Friday, February 27th, Mike Zoi sold 9,603 shares of Motorsport Games stock. The stock was sold at an average price of $3.71, for a total value of $35,627.13.
- On Thursday, February 26th, Mike Zoi sold 5,059 shares of Motorsport Games stock. The stock was sold at an average price of $3.52, for a total value of $17,807.68.
- On Wednesday, February 25th, Mike Zoi sold 9,362 shares of Motorsport Games stock. The shares were sold at an average price of $3.58, for a total value of $33,515.96.
- 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 transaction of $175,583.31.
- On Friday, February 20th, Mike Zoi sold 4,959 shares of Motorsport Games stock. The stock was sold at an average price of $3.29, for a total value of $16,315.11.
Motorsport Games Trading Up 9.9%
Shares of Motorsport Games stock traded up $0.40 during trading hours on Thursday, reaching $4.45. The stock had a trading volume of 149,198 shares, compared to its average volume of 78,410. The firm has a market capitalization of $25.72 million, a price-to-earnings ratio of 11.13 and a beta of 1.79. Motorsport Games Inc. has a 1 year low of $0.73 and a 1 year high of $5.41. The firm has a 50 day simple moving average of $3.51 and a two-hundred day simple moving average of $3.03.
Hedge Funds Weigh In On Motorsport Games
A number of institutional investors have recently added to or reduced their stakes in the company. Heron Bay Capital Management purchased a new position in Motorsport Games in the 2nd quarter valued at about $132,000. Dimensional Fund Advisors LP purchased a new stake in shares of Motorsport Games during the third quarter worth about $46,000. State Street Corp acquired a new position in shares of Motorsport Games in the fourth quarter worth about $39,000. HRT Financial LP acquired a new position in shares of Motorsport Games in the fourth quarter worth about $37,000. Finally, XTX Topco Ltd purchased a new position in Motorsport Games in the fourth quarter valued at about $34,000. Institutional investors and hedge funds own 1.66% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have issued reports on MSGM. Wall Street Zen upgraded shares of Motorsport Games to a "buy" rating in a research note on Saturday, January 31st. Weiss Ratings restated a "hold (c-)" rating on shares of Motorsport Games in a report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of "Hold".
View Our Latest Research Report on Motorsport Games
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).
Further Reading
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