Motorsport Games (NASDAQ:MSGM) Major Shareholder Mike Zoi Sells 31,131 Shares

Motorsport Games Inc. (NASDAQ:MSGMGet Free Report) major shareholder Mike Zoi sold 31,131 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $4.51, for a total value of $140,400.81. Following the completion of the transaction, the insider directly owned 1,158,848 shares of the company’s stock, valued at approximately $5,226,404.48. The trade was a 2.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases 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 shares were 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 shares were 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 shares were 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 shares were 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 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 stock was 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 shares were sold at an average price of $3.58, for a total transaction 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 transaction of $32,435.20.

Motorsport Games Stock Performance

Shares of NASDAQ MSGM traded up $0.17 during mid-day trading on Friday, hitting $3.93. 30,039 shares of the stock were exchanged, compared to its average volume of 120,327. Motorsport Games Inc. has a twelve month low of $0.73 and a twelve month high of $5.41. The stock’s fifty day simple moving average is $3.65 and its two-hundred day simple moving average is $3.09. The company has a market cap of $22.71 million, a P/E ratio of 2.73 and a beta of 1.79.

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

Institutional Investors Weigh In On Motorsport Games

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

Analyst Ratings Changes

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

View Our Latest Research Report on MSGM

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).

Further Reading

Insider Buying and Selling by Quarter for Motorsport Games (NASDAQ:MSGM)

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