Motorsport Games Inc. (NASDAQ:MSGM - Get Free Report) major shareholder Mike Zoi sold 904,395 shares of the company's stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $4.11, for a total transaction of $3,717,063.45. Following the sale, the insider directly owned 254,453 shares of the company's stock, valued at approximately $1,045,801.83. This trade represents a 78.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.
Mike Zoi also recently made the following trade(s):
- On Tuesday, March 10th, Mike Zoi sold 31,131 shares of Motorsport Games stock. The shares were sold at an average price of $4.51, for a total value of $140,400.81.
- 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 value of $119,644.80.
- 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 stock was 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 stock was 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 shares were 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 shares were 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 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 transaction of $33,515.96.
Motorsport Games Stock Down 1.7%
MSGM opened at $4.02 on Tuesday. The firm has a market capitalization of $23.24 million, a P/E ratio of 2.79 and a beta of 1.77. The firm's 50 day moving average is $3.97 and its 200-day moving average is $3.37. Motorsport Games Inc. has a 52-week low of $2.11 and a 52-week high of $5.41.
Motorsport Games (NASDAQ:MSGM - Get Free Report) last posted its earnings results on Tuesday, March 10th. The company reported $0.15 EPS for the quarter. The business had revenue of $3.85 million for the quarter. Motorsport Games had a net margin of 61.31% and a return on equity of 129.70%.
Hedge Funds Weigh In On Motorsport Games
Several large investors have recently added to or reduced their stakes in MSGM. Dimensional Fund Advisors LP acquired a new position in Motorsport Games in the third quarter worth $46,000. HRT Financial LP bought a new stake in Motorsport Games during the fourth quarter valued at $37,000. State Street Corp acquired a new stake in shares of Motorsport Games during the fourth quarter worth $39,000. Finally, XTX Topco Ltd bought a new position in shares of Motorsport Games in the 4th quarter worth about $34,000. 1.66% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several analysts have recently weighed in on MSGM shares. Weiss Ratings restated a "hold (c-)" rating on shares of Motorsport Games in a research note on Monday, December 29th. Wall Street Zen upgraded Motorsport Games from a "buy" rating to a "strong-buy" rating in a research note on Saturday, March 14th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Motorsport Games presently has an average rating of "Hold".
View Our Latest Report on MSGM
Motorsport Games Company Profile
(
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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