Red Oak Partners, Llc Purchases 4,328 Shares of Motorsport Games (NASDAQ:MSGM) Stock

Motorsport Games Inc. (NASDAQ:MSGM) major shareholder Red Oak Partners, Llc acquired 4,328 shares of the business’s stock in a transaction on Friday, August 28th. The shares were purchased at an average price of $3.91 per share, with a total value of $16,922.48. Following the transaction, the insider owned 341,797 shares in the company, valued at $1,336,426.27. The trade was a 1.28% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Red Oak Partners, Llc also recently made the following trade(s):

• On Monday, August 31st, Red Oak Partners, Llc bought 4,554 shares of Motorsport Games stock. The stock was purchased at an average price of $3.93 per share, with a total value of $17,897.22.
• On Thursday, August 27th, Red Oak Partners, Llc bought 3,280 shares of Motorsport Games stock. The stock was purchased at an average cost of $3.90 per share, for a total transaction of $12,792.00.
• On Friday, August 21st, Red Oak Partners, Llc purchased 5,212 shares of Motorsport Games stock. The shares were purchased at an average price of $3.67 per share, for a total transaction of $19,128.04.
• On Thursday, August 20th, Red Oak Partners, Llc purchased 23,143 shares of Motorsport Games stock. The shares were purchased at an average cost of $3.86 per share, with a total value of $89,331.98.
• On Tuesday, August 18th, Red Oak Partners, Llc acquired 19,709 shares of Motorsport Games stock. The stock was purchased at an average price of $4.00 per share, with a total value of $78,836.00.
• On Monday, August 17th, Red Oak Partners, Llc acquired 10,404 shares of Motorsport Games stock. The stock was acquired at an average cost of $3.87 per share, for a total transaction of $40,263.48.
• On Thursday, July 2nd, Red Oak Partners, Llc bought 12,737 shares of Motorsport Games stock. The shares were acquired at an average price of $4.14 per share, for a total transaction of $52,731.18.
• On Wednesday, July 1st, Red Oak Partners, Llc bought 3,200 shares of Motorsport Games stock. The shares were acquired at an average cost of $4.07 per share, with a total value of $13,024.00.
• On Tuesday, June 30th, Red Oak Partners, Llc bought 27,744 shares of Motorsport Games stock. The shares were acquired at an average cost of $3.95 per share, with a total value of $109,588.80.

Motorsport Games Stock Up 0.8%

MSGM opened at $3.91 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.85 and a quick ratio of 1.85. Motorsport Games Inc. has a 12 month low of $2.11 and a 12 month high of $5.56. The stock has a market capitalization of $16.30 million, a P/E ratio of 9.09, a P/E/G ratio of 0.52 and a beta of 1.71. The business has a 50 day simple moving average of $4.26 and a 200-day simple moving average of $4.17.

Motorsport Games (NASDAQ:MSGM) last announced its quarterly earnings data on Friday, August 14th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.17. The firm had revenue of $3.54 million for the quarter, compared to analyst estimates of $2.90 million. Motorsport Games had a return on equity of 41.13% and a net margin of 16.15%. On average, equities analysts anticipate that Motorsport Games Inc. will post 0.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

MSGM has been the subject of a number of research analyst reports. Zacks Research upgraded shares of Motorsport Games to a “hold” rating in a report on Wednesday, July 1st. Weiss Ratings raised shares of Motorsport Games from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 24th. Finally, Wall Street Zen lowered shares of Motorsport Games from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 7th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Motorsport Games currently has an average rating of “Hold”.

Institutional Investors Weigh In On Motorsport Games

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. XTX Topco Ltd purchased a new stake in Motorsport Games in the 4th quarter valued at approximately $34,000. HRT Financial LP purchased a new position in Motorsport Games during the fourth quarter worth $37,000. State Street Corp acquired a new position in shares of Motorsport Games in the fourth quarter worth $39,000. Dimensional Fund Advisors LP purchased a new stake in shares of Motorsport Games in the third quarter valued at $46,000. Finally, Renaissance Technologies LLC lifted its position in shares of Motorsport Games by 43.8% in the first quarter. Renaissance Technologies LLC now owns 27,600 shares of the company’s stock valued at $113,000 after acquiring an additional 8,400 shares in the last quarter. Hedge funds and other institutional investors own 1.66% of the company’s stock.

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).