Key Points
- Major shareholder Mike Zoi sold 31,131 shares on March 10 at $4.51 and, together with multiple trades from Feb. 24–Mar. 10, has sold roughly $1.16 million of Motorsport Games stock, leaving him with 1,158,848 shares (a 2.62% reduction in his ownership).
- Motorsport Games shares recently traded at $3.93 with a market cap of $22.71 million and a PE of 2.73; the company reported $0.15 EPS for the quarter and high margins, while institutional ownership is low (1.66%) and analysts’ consensus rating is an average "Hold".
Motorsport Games Inc. (NASDAQ:MSGM - Get Free Report) major shareholder Mike Zoi sold 31,131 shares of the stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $4.51, for a total transaction of $140,400.81. Following the completion of the sale, the insider owned 1,158,848 shares in the company, valued at $5,226,404.48. This represents a 2.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.
Mike Zoi also recently made the following trade(s):
- On Monday, March 9th, Mike Zoi sold 24,720 shares of Motorsport Games stock. The stock was sold at an average price of $4.84, for a total transaction of $119,644.80.
- On Friday, March 6th, Mike Zoi sold 29,224 shares of Motorsport Games stock. The shares were sold at an average price of $4.70, for a total transaction 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 transaction of $408,141.00.
- On Wednesday, March 4th, Mike Zoi sold 40,535 shares of Motorsport Games stock. The stock was sold at an average price of $4.03, for a total transaction 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 transaction of $44,014.75.
- On Monday, March 2nd, Mike Zoi sold 6,500 shares of Motorsport Games stock. The shares were 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 stock was 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.
Motorsport Games Price Performance
Shares of Motorsport Games stock traded up $0.17 during trading hours on Friday, hitting $3.93. The company's stock had a trading volume of 30,039 shares, compared to its average volume of 120,327. The company has a market capitalization of $22.71 million, a PE ratio of 2.73 and a beta of 1.79. The stock has a 50 day moving average of $3.65 and a 200 day moving average of $3.09. Motorsport Games Inc. has a 12 month low of $0.73 and a 12 month high of $5.41.
Motorsport Games (NASDAQ:MSGM - Get Free Report) last released its quarterly earnings data on Tuesday, March 10th. The company reported $0.15 earnings per share for the quarter. Motorsport Games had a return on equity of 129.70% and a net margin of 61.31%.The business had revenue of $3.85 million for the quarter.
Institutional Investors Weigh In On Motorsport Games
Institutional investors have recently bought and sold shares of the company. Heron Bay Capital Management acquired a new position in Motorsport Games during the 2nd quarter worth approximately $132,000. Dimensional Fund Advisors LP bought a new stake in shares of Motorsport Games in the third quarter worth $46,000. State Street Corp acquired a new position in Motorsport Games during the fourth quarter worth $39,000. HRT Financial LP acquired a new position in Motorsport Games during the fourth quarter worth $37,000. Finally, XTX Topco Ltd bought a new position in Motorsport Games in the fourth quarter valued at $34,000. Institutional investors own 1.66% of the company's stock.
Analyst Ratings Changes
Several brokerages have recently issued reports on MSGM. Wall Street Zen raised shares of Motorsport Games to a "buy" rating in a research report on Saturday, January 31st. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Motorsport Games in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Motorsport Games 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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