Key Points
- Major shareholder Mike Zoi sold 90,900 shares on March 5 at an average price of $4.49 (worth $408,141), and between Feb 23–Mar 9 sold roughly 285,447 shares totaling about $1.19 million, cutting his stake by 6.8% to 1,245,364 shares (≈$5.59M).
- Motorsport Games is a small-cap stock (market cap ≈ $27.98M) with a 52‑week range of $0.73–$5.41, a P/E of 12.10, 50‑day/200‑day moving averages of $3.60/$3.07, and a consensus analyst rating of “Hold.”
- Institutional ownership is very low (≈1.66%), though several hedge funds have recently initiated small positions in the company.
Motorsport Games Inc. (NASDAQ:MSGM - Get Free Report) major shareholder Mike Zoi sold 24,720 shares of the business's stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $4.84, for a total transaction of $119,644.80. Following the completion of the transaction, the insider directly owned 1,191,420 shares of the company's stock, valued at $5,766,472.80. This trade represents a 2.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.
Mike Zoi also recently made the following trade(s):
- On Friday, March 6th, Mike Zoi sold 29,224 shares of Motorsport Games stock. The stock was sold at an average price of $4.70, for a total value of $137,352.80.
- On Thursday, March 5th, Mike Zoi sold 90,900 shares of Motorsport Games stock. The shares were sold at an average price of $4.49, for a total value of $408,141.00.
- On Wednesday, March 4th, Mike Zoi sold 40,535 shares of Motorsport Games stock. The shares were sold at an average price of $4.03, for a total value of $163,356.05.
- On Tuesday, March 3rd, Mike Zoi sold 11,675 shares of Motorsport Games stock. The stock was sold at an average price of $3.77, for a total value 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 value 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 shares were 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.
Motorsport Games Stock Performance
MSGM stock opened at $4.84 on Tuesday. Motorsport Games Inc. has a one year low of $0.73 and a one year high of $5.41. The firm has a market cap of $27.98 million, a price-to-earnings ratio of 12.10 and a beta of 1.79. The firm has a 50-day simple moving average of $3.60 and a two-hundred day simple moving average of $3.07.
Analyst Ratings Changes
A number of equities research analysts recently commented on MSGM shares. Weiss Ratings reissued a "hold (c-)" rating on shares of Motorsport Games in a research report on Monday, December 29th. Wall Street Zen raised shares of Motorsport Games to a "buy" rating in a report on Saturday, January 31st. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold".
Check Out Our Latest Report on MSGM
Institutional Trading of Motorsport Games
A number of hedge funds have recently modified their holdings of the stock. Heron Bay Capital Management acquired a new stake in Motorsport Games during the second quarter worth about $132,000. Dimensional Fund Advisors LP acquired a new position in Motorsport Games in the third quarter valued at approximately $46,000. HRT Financial LP acquired a new position in Motorsport Games in the fourth quarter valued at approximately $37,000. State Street Corp purchased a new stake in Motorsport Games in the 4th quarter worth approximately $39,000. Finally, XTX Topco Ltd acquired a new stake in shares of Motorsport Games during the 4th quarter worth approximately $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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