Motorsport Games (NASDAQ:MSGM) Major Shareholder Mike Zoi Sells 9,603 Shares

Motorsport Games Inc. (NASDAQ:MSGM) major shareholder Mike Zoi sold 9,603 shares of the stock in a transaction on Friday, February 27th. The shares were sold at an average price of $3.71, for a total transaction of $35,627.13. Following the transaction, the insider directly owned 1,394,974 shares in the company, valued at approximately $5,175,353.54. The trade was a 0.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Thursday, February 26th, Mike Zoi sold 5,059 shares of Motorsport Games stock. The stock was sold at an average price of $3.52, for a total value 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 transaction of $33,515.96.
• 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 value of $175,583.31.
• On Friday, February 20th, Mike Zoi sold 4,959 shares of Motorsport Games stock. The shares were sold at an average price of $3.29, for a total transaction of $16,315.11.

Motorsport Games Stock Performance

NASDAQ:MSGM opened at $3.90 on Friday. The stock has a 50-day simple moving average of $3.47 and a 200-day simple moving average of $3.02. The stock has a market cap of $22.54 million, a P/E ratio of 9.75 and a beta of 1.76. Motorsport Games Inc. has a 1 year low of $0.73 and a 1 year high of $5.41.

Institutional Investors Weigh In On Motorsport Games

Large investors have recently made changes to their positions in the company. XTX Topco Ltd acquired a new position in Motorsport Games during the fourth quarter valued at $34,000. State Street Corp acquired a new position in Motorsport Games in the 4th quarter valued at approximately $39,000. HRT Financial LP acquired a new position in Motorsport Games in the 4th quarter valued at approximately $37,000. Dimensional Fund Advisors LP purchased a new stake in Motorsport Games in the 3rd quarter worth approximately $46,000. Finally, Heron Bay Capital Management acquired a new stake in shares of Motorsport Games during the 2nd quarter valued at $132,000. Institutional investors and hedge funds own 1.66% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Wall Street Zen upgraded shares of Motorsport Games to a “buy” rating in a report on Saturday, January 31st. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Motorsport Games in a research report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus 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).