Motorsport Games (NASDAQ:MSGM) Major Shareholder Mike Zoi Sells 90,900 Shares

Motorsport Games Inc. (NASDAQ:MSGM) major shareholder Mike Zoi sold 90,900 shares of the company’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $4.49, for a total transaction of $408,141.00. Following the sale, the insider directly owned 1,245,364 shares in the company, valued at approximately $5,591,684.36. This trade represents a 6.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own more than 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 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 transaction of $119,644.80.
• On Friday, March 6th, Mike Zoi sold 29,224 shares of Motorsport Games stock. The shares were sold at an average price of $4.70, for a total transaction of $137,352.80.
• On Wednesday, March 4th, Mike Zoi sold 40,535 shares of Motorsport Games stock. The shares were sold at an average price of $4.03, for a total transaction of $163,356.05.
• On Tuesday, March 3rd, Mike Zoi sold 11,675 shares of Motorsport Games stock. The shares were 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 stock was 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 shares were sold at an average price of $3.71, for a total transaction 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 stock was 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 value of $175,583.31.

Motorsport Games Stock Performance

Shares of NASDAQ MSGM opened at $4.84 on Tuesday. Motorsport Games Inc. has a fifty-two week low of $0.73 and a fifty-two week high of $5.41. The stock has a market cap of $27.98 million, a PE ratio of 12.10 and a beta of 1.79. The stock has a fifty day moving average of $3.60 and a 200-day moving average of $3.07.

Institutional Investors Weigh In On Motorsport Games

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Heron Bay Capital Management purchased a new position in Motorsport Games in the 2nd quarter worth approximately $132,000. Dimensional Fund Advisors LP purchased a new stake in shares of Motorsport Games during the 3rd quarter valued at $46,000. State Street Corp purchased a new stake in shares of Motorsport Games during the 4th quarter valued at $39,000. HRT Financial LP bought a new stake in shares of Motorsport Games during the 4th quarter worth $37,000. Finally, XTX Topco Ltd bought a new stake in shares of Motorsport Games during the 4th quarter worth $34,000. 1.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MSGM has been the topic of several analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Motorsport Games in a research report on Monday, December 29th. Wall Street Zen raised shares of Motorsport Games to a “buy” rating in a research note on Saturday, January 31st. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

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).