Mike Zoi Sells 24,720 Shares of Motorsport Games (NASDAQ:MSGM) Stock

Motorsport Games Inc. (NASDAQ:MSGM) major shareholder Mike Zoi sold 24,720 shares of the firm’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $4.84, for a total transaction of $119,644.80. Following the completion of the sale, the insider owned 1,191,420 shares of the company’s stock, valued at $5,766,472.80. This trade represents a 2.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Mike Zoi also recently made the following trade(s):

• 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 transaction of $137,352.80.
• On Thursday, March 5th, Mike Zoi sold 90,900 shares of Motorsport Games stock. The shares were sold at an average price of $4.49, for a total transaction 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 transaction 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 transaction 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 shares were sold at an average price of $3.52, for a total transaction 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 value of $33,515.96.
• On Tuesday, February 24th, Mike Zoi sold 8,960 shares of Motorsport Games stock. The stock was sold at an average price of $3.62, for a total value of $32,435.20.
• On Monday, February 23rd, Mike Zoi sold 48,909 shares of Motorsport Games stock. The stock was sold at an average price of $3.59, for a total transaction of $175,583.31.

Motorsport Games Price Performance

NASDAQ:MSGM traded up $0.21 during mid-day trading on Monday, reaching $4.84. The company’s stock had a trading volume of 146,388 shares, compared to its average volume of 93,754. The stock has a market cap of $27.97 million, a P/E ratio of 12.10 and a beta of 1.79. Motorsport Games Inc. has a twelve month low of $0.73 and a twelve month high of $5.41. The company’s fifty day simple moving average is $3.56 and its two-hundred day simple moving average is $3.05.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on MSGM shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Motorsport Games in a research note on Monday, December 29th. Wall Street Zen upgraded Motorsport Games to a “buy” rating in a research note on Saturday, January 31st. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

Hedge Funds Weigh In On Motorsport Games

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. XTX Topco Ltd purchased a new position in shares of Motorsport Games in the fourth quarter worth approximately $34,000. State Street Corp acquired a new stake in shares of Motorsport Games during the fourth quarter worth approximately $39,000. HRT Financial LP purchased a new stake in Motorsport Games in the 4th quarter worth approximately $37,000. Dimensional Fund Advisors LP acquired a new position in shares of Motorsport Games in the third quarter worth $46,000. Finally, Heron Bay Capital Management acquired a new position in Motorsport Games in the 2nd quarter worth about $132,000. Institutional investors and hedge funds own 1.66% of the company’s stock.

Motorsport Games Company Profile

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).