Motorsport Games (NASDAQ:MSGM) Major Shareholder Sells $3,717,063.45 in Stock

by · The Cerbat Gem

Motorsport Games Inc. (NASDAQ:MSGM – Get Free Report) major shareholder Mike Zoi sold 904,395 shares of the stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $4.11, for a total value of $3,717,063.45. Following the transaction, the insider owned 254,453 shares in the company, valued at $1,045,801.83. The trade was a 78.04% decrease in their position. The transaction was disclosed in a document filed 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 10th, Mike Zoi sold 31,131 shares of Motorsport Games stock. The stock was 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 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 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.

Motorsport Games Stock Performance

Shares of NASDAQ MSGM traded down $0.07 during mid-day trading on Monday, reaching $4.02. The company had a trading volume of 44,484 shares, compared to its average volume of 45,642. Motorsport Games Inc. has a one year low of $2.11 and a one year high of $5.41. The firm has a market cap of $23.24 million, a price-to-earnings ratio of 2.79 and a beta of 1.77. The business’s 50-day simple moving average is $3.97 and its 200 day simple moving average is $3.37.

Motorsport Games (NASDAQ:MSGM – Get Free Report) last issued its quarterly earnings results on Tuesday, March 10th. The company reported $0.15 EPS for the quarter. Motorsport Games had a return on equity of 129.70% and a net margin of 61.31%.The company had revenue of $3.85 million for the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MSGM. XTX Topco Ltd bought a new position in Motorsport Games in the fourth quarter valued at about $34,000. HRT Financial LP bought a new position in Motorsport Games in the fourth quarter valued at about $37,000. State Street Corp bought a new position in Motorsport Games in the fourth quarter valued at about $39,000. Finally, Dimensional Fund Advisors LP bought a new position in Motorsport Games in the third quarter valued at about $46,000. Institutional investors own 1.66% of the company’s stock.

Analyst Ratings Changes

MSGM has been the topic of a number of recent analyst reports. Wall Street Zen upgraded Motorsport Games from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 14th. Weiss Ratings restated a “hold (c-)” rating on shares of Motorsport Games in a research report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

Get 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).

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