Motorsport Games (NASDAQ:MSGM) Director John Delta Purchases 4,000 Shares of Stock

Motorsport Games Inc. (NASDAQ:MSGM) Director John Delta bought 4,000 shares of the stock in a transaction on Friday, December 12th. The shares were acquired at an average price of $2.59 per share, with a total value of $10,360.00. Following the purchase, the director owned 12,000 shares of the company’s stock, valued at $31,080. The trade was a 50.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

John Delta also recently made the following trade(s):

• On Thursday, December 11th, John Delta purchased 1,000 shares of Motorsport Games stock. The stock was acquired at an average cost of $2.66 per share, with a total value of $2,660.00.

Motorsport Games Price Performance

Shares of NASDAQ:MSGM traded down $0.09 during trading on Friday, reaching $2.55. 35,935 shares of the company’s stock traded hands, compared to its average volume of 178,596. The stock has a market capitalization of $14.74 million, a P/E ratio of 6.38 and a beta of 1.77. Motorsport Games Inc. has a 12 month low of $0.73 and a 12 month high of $5.41. The company has a 50 day moving average of $2.67 and a 200-day moving average of $2.89.

Motorsport Games (NASDAQ:MSGM) last issued its earnings results on Thursday, November 6th. The company reported $0.14 EPS for the quarter. The company had revenue of $3.10 million during the quarter. Motorsport Games had a return on equity of 86.01% and a net margin of 34.24%.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Motorsport Games in a research report on Monday. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Motorsport Games has a consensus rating of “Hold”.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of MSGM. Connective Capital Management LLC raised its stake in shares of Motorsport Games by 354.9% during the first quarter. Connective Capital Management LLC now owns 74,000 shares of the company’s stock valued at $78,000 after purchasing an additional 57,733 shares in the last quarter. Heron Bay Capital Management acquired a new position in Motorsport Games during the 2nd quarter valued at about $132,000. Finally, Dimensional Fund Advisors LP bought a new stake in shares of Motorsport Games during the 3rd quarter worth about $46,000. 1.66% of the stock is owned by institutional investors and hedge funds.

About Motorsport Games

Motorsport Games Inc develops and publishes multi-platform racing video games in the United States. It operates through Gaming and Esports segments. The company offers rFactor 2, a realistic racing simulation game; NASCAR Heat Mobile, a racing experience for mobile devices; NASCAR Heat 3, NASCAR Heat 4, NASCAR Heat 5, NASCAR Heat Ultimate Edition, and NASCAR 21: Ignition, which are racing video games; KartKraft, a kart racing simulator; NASCAR Rivals, a racing video game; and Le Mans Ultimate, a official game of the FIA World Endurance Championship and 24 Hours of Le Mans.