Anthony Brian Goodman Sells 50,000 Shares of Golden Matrix Group (NASDAQ:GMGI) Stock

Golden Matrix Group, Inc. (NASDAQ:GMGI) CEO Anthony Brian Goodman sold 50,000 shares of Golden Matrix Group stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $0.80, for a total transaction of $40,000.00. Following the transaction, the chief executive officer directly owned 7,270,483 shares in the company, valued at approximately $5,816,386.40. This trade represents a 0.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Anthony Brian Goodman also recently made the following trade(s):

• On Monday, December 8th, Anthony Brian Goodman sold 50,000 shares of Golden Matrix Group stock. The shares were sold at an average price of $0.74, for a total transaction of $37,000.00.
• On Monday, December 1st, Anthony Brian Goodman sold 50,000 shares of Golden Matrix Group stock. The stock was sold at an average price of $0.82, for a total transaction of $41,000.00.
• On Monday, November 24th, Anthony Brian Goodman sold 50,000 shares of Golden Matrix Group stock. The shares were sold at an average price of $0.80, for a total value of $40,000.00.

Golden Matrix Group Stock Up 3.6%

Shares of GMGI traded up $0.03 during mid-day trading on Tuesday, reaching $0.82. 116,752 shares of the stock traded hands, compared to its average volume of 231,086. The stock has a fifty day simple moving average of $0.91 and a 200 day simple moving average of $1.25. Golden Matrix Group, Inc. has a 12-month low of $0.70 and a 12-month high of $2.60. The company has a quick ratio of 0.52, a current ratio of 0.61 and a debt-to-equity ratio of 0.07. The firm has a market cap of $116.38 million, a price-to-earnings ratio of -16.48 and a beta of 0.32.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. UBS Group set a $1.80 price target on Golden Matrix Group in a research note on Tuesday, October 14th. Weiss Ratings reissued a “sell (d)” rating on shares of Golden Matrix Group in a research report on Tuesday, October 14th. Finally, Loop Capital set a $1.80 price target on shares of Golden Matrix Group in a report on Tuesday. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $2.53.

Institutional Investors Weigh In On Golden Matrix Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Marex Group plc bought a new stake in Golden Matrix Group during the second quarter valued at $26,000. Nuveen LLC acquired a new stake in Golden Matrix Group during the first quarter worth about $52,000. Susquehanna International Group LLP lifted its holdings in Golden Matrix Group by 33.7% in the third quarter. Susquehanna International Group LLP now owns 114,409 shares of the company’s stock worth $129,000 after acquiring an additional 28,819 shares during the last quarter. Virtu Financial LLC acquired a new position in Golden Matrix Group in the third quarter valued at approximately $33,000. Finally, Marshall Wace LLP acquired a new stake in shares of Golden Matrix Group during the 2nd quarter worth approximately $57,000. 2.74% of the stock is owned by institutional investors and hedge funds.

Golden Matrix Group Company Profile

Golden Matrix Group, Inc provides enterprise software-as-a-service solutions for online casino and sports betting operators. The company develops and owns online gaming intellectual property; and builds gaming platforms for customers located primarily in the Asia Pacific region. Its platform facilitates gaming customers in operating online casinos, sportsbooks, lottery, and live games; and provides customers with access to a portfolio of licensed gaming content, which are provided by gaming content providers.