Mike Zoi Sells 9,362 Shares of Motorsport Games (NASDAQ:MSGM) Stock

Motorsport Games Inc. (NASDAQ:MSGM) major shareholder Mike Zoi sold 9,362 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $3.58, for a total transaction of $33,515.96. Following the sale, the insider owned 1,408,195 shares of the company’s stock, valued at approximately $5,041,338.10. This represents a 0.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 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 Tuesday, February 24th, Mike Zoi sold 8,960 shares of Motorsport Games stock. The shares were sold at an average price of $3.62, for a total transaction 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.
• On Friday, February 20th, Mike Zoi sold 4,959 shares of Motorsport Games stock. The stock was sold at an average price of $3.29, for a total value of $16,315.11.

Motorsport Games Price Performance

MSGM traded up $0.20 during trading on Friday, reaching $3.90. 66,686 shares of the stock traded hands, compared to its average volume of 79,745. The stock’s 50-day simple moving average is $3.45 and its two-hundred day simple moving average is $3.01. 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 $22.54 million, a price-to-earnings ratio of 9.75 and a beta of 1.76.

Institutional Trading of Motorsport Games

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

Wall Street Analyst Weigh In

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

About Motorsport Games

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).