Motorsport Games Inc. (NASDAQ:MSGM - Get Free Report) major shareholder Red Oak Partners, Llc bought 3,280 shares of the company's stock in a transaction on Thursday, August 27th. The shares were bought at an average price of $3.90 per share, for a total transaction of $12,792.00. Following the transaction, the insider owned 338,966 shares of the company's stock, valued at approximately $1,321,967.40. This represents a 0.98% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.
Red Oak Partners, Llc also recently made the following trade(s):
- On Monday, August 31st, Red Oak Partners, Llc purchased 4,554 shares of Motorsport Games stock. The stock was bought at an average price of $3.93 per share, with a total value of $17,897.22.
- On Friday, August 28th, Red Oak Partners, Llc purchased 4,328 shares of Motorsport Games stock. The stock was bought at an average price of $3.91 per share, with a total value of $16,922.48.
- On Friday, August 21st, Red Oak Partners, Llc acquired 5,212 shares of Motorsport Games stock. The shares were bought at an average price of $3.67 per share, for a total transaction of $19,128.04.
- On Thursday, August 20th, Red Oak Partners, Llc acquired 23,143 shares of Motorsport Games stock. The shares were bought at an average cost of $3.86 per share, for a total transaction of $89,331.98.
- On Tuesday, August 18th, Red Oak Partners, Llc bought 19,709 shares of Motorsport Games stock. The stock was bought at an average price of $4.00 per share, with a total value of $78,836.00.
- On Monday, August 17th, Red Oak Partners, Llc bought 10,404 shares of Motorsport Games stock. The shares were bought at an average cost of $3.87 per share, with a total value of $40,263.48.
- On Thursday, July 2nd, Red Oak Partners, Llc purchased 12,737 shares of Motorsport Games stock. The shares were bought at an average price of $4.14 per share, for a total transaction of $52,731.18.
- On Wednesday, July 1st, Red Oak Partners, Llc purchased 3,200 shares of Motorsport Games stock. The stock was purchased at an average cost of $4.07 per share, for a total transaction of $13,024.00.
- On Tuesday, June 30th, Red Oak Partners, Llc acquired 27,744 shares of Motorsport Games stock. The stock was purchased at an average price of $3.95 per share, with a total value of $109,588.80.
Motorsport Games Price Performance
Shares of NASDAQ:MSGM opened at $3.88 on Tuesday. The company has a 50 day moving average of $4.27 and a 200 day moving average of $4.17. The stock has a market cap of $16.18 million, a P/E ratio of 9.02, a P/E/G ratio of 0.52 and a beta of 1.71. Motorsport Games Inc. has a 12 month low of $2.11 and a 12 month high of $5.56. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.23.
Motorsport Games (NASDAQ:MSGM - Get Free Report) last posted its earnings results on Friday, August 14th. The company reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.02 by $0.17. Motorsport Games had a net margin of 16.15% and a return on equity of 41.13%. The business had revenue of $3.54 million for the quarter, compared to analyst estimates of $2.90 million. As a group, sell-side analysts forecast that Motorsport Games Inc. will post 0.3 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
MSGM has been the topic of a number of recent analyst reports. Wall Street Zen downgraded Motorsport Games from a "strong-buy" rating to a "buy" rating in a research report on Sunday, June 7th. Weiss Ratings upgraded Motorsport Games from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, August 24th. Finally, Zacks Research upgraded Motorsport Games to a "hold" rating in a research note on Wednesday, July 1st. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of "Hold".
Check Out Our Latest Research Report on Motorsport Games
Hedge Funds Weigh In On Motorsport Games
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP bought a new position in shares of Motorsport Games in the 3rd quarter worth $46,000. State Street Corp bought a new stake in shares of Motorsport Games during the 4th quarter worth $39,000. HRT Financial LP bought a new stake in shares of Motorsport Games during the 4th quarter worth $37,000. XTX Topco Ltd purchased a new position in Motorsport Games in the fourth quarter worth $34,000. Finally, Renaissance Technologies LLC increased its stake in Motorsport Games by 43.8% in the first quarter. Renaissance Technologies LLC now owns 27,600 shares of the company's stock valued at $113,000 after acquiring an additional 8,400 shares during the last quarter. 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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