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

Motorsport Games Inc. (NASDAQ:MSGM) major shareholder Mike Zoi sold 31,131 shares of the company’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $4.51, for a total transaction of $140,400.81. Following the completion of the transaction, the insider owned 1,158,848 shares of the company’s stock, valued at $5,226,404.48. This trade represents a 2.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Major shareholders that own 10% or more 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 shares were 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 Thursday, March 5th, Mike Zoi sold 90,900 shares of Motorsport Games stock. The stock was 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 transaction 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 value 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 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 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.

Motorsport Games Stock Down 5.4%

Shares of MSGM stock traded down $0.21 during mid-day trading on Thursday, reaching $3.70. 139,870 shares of the company’s stock traded hands, compared to its average volume of 121,811. The company’s 50-day moving average price is $3.64 and its 200-day moving average price is $3.08. The company has a market cap of $21.38 million, a P/E ratio of 2.57 and a beta of 1.79. Motorsport Games Inc. has a 12 month low of $0.73 and a 12 month high of $5.41.

Motorsport Games (NASDAQ:MSGM) last issued its quarterly earnings results on Tuesday, March 10th. The company reported $0.15 earnings per share (EPS) for the quarter. Motorsport Games had a net margin of 61.31% and a return on equity of 150.78%. The company had revenue of $3.85 million during the quarter.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Wall Street Zen raised Motorsport Games to a “buy” rating in a research 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 equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Institutional Trading of Motorsport Games

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

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).