Anthony Brian Goodman Sells 50,000 Shares of Golden Matrix Group (NASDAQ:GMGI) Stock

Golden Matrix Group, Inc. (NASDAQ:GMGI) CEO Anthony Brian Goodman sold 50,000 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $0.80, for a total transaction of $40,000.00. Following the sale, the chief executive officer owned 7,270,483 shares in the company, valued at approximately $5,816,386.40. This trade represents a 0.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Anthony Brian Goodman also recently made the following trade(s):

• On Monday, December 8th, Anthony Brian Goodman sold 50,000 shares of Golden Matrix Group stock. The shares were sold at an average price of $0.74, for a total value of $37,000.00.
• On Monday, December 1st, Anthony Brian Goodman sold 50,000 shares of Golden Matrix Group stock. The shares were sold at an average price of $0.82, for a total value of $41,000.00.
• On Monday, November 24th, Anthony Brian Goodman sold 50,000 shares of Golden Matrix Group stock. The stock was sold at an average price of $0.80, for a total transaction of $40,000.00.

Golden Matrix Group Stock Up 3.6%

Golden Matrix Group stock traded up $0.03 during trading on Tuesday, reaching $0.82. The stock had a trading volume of 116,752 shares, compared to its average volume of 231,086. The company has a quick ratio of 0.52, a current ratio of 0.61 and a debt-to-equity ratio of 0.07. Golden Matrix Group, Inc. has a 52-week low of $0.70 and a 52-week high of $2.60. The stock has a market cap of $116.38 million, a PE ratio of -16.48 and a beta of 0.32. The business has a 50 day moving average price of $0.91 and a 200 day moving average price of $1.25.

Institutional Trading of Golden Matrix Group

Several institutional investors and hedge funds have recently made changes to their positions in GMGI. Marex Group plc acquired a new position in Golden Matrix Group in the 2nd quarter valued at about $26,000. Nuveen LLC purchased a new stake in Golden Matrix Group in the 1st quarter valued at about $52,000. Susquehanna International Group LLP increased its stake in shares of Golden Matrix Group by 33.7% during the 3rd quarter. Susquehanna International Group LLP now owns 114,409 shares of the company’s stock valued at $129,000 after acquiring an additional 28,819 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Golden Matrix Group during the 3rd quarter worth about $33,000. Finally, Marshall Wace LLP acquired a new stake in shares of Golden Matrix Group in the second quarter worth approximately $57,000. 2.74% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on GMGI. Loop Capital set a $1.80 price objective on Golden Matrix Group in a report on Tuesday. UBS Group set a $1.80 price objective on shares of Golden Matrix Group in a report on Tuesday, October 14th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Golden Matrix Group in a report on Tuesday, October 14th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Golden Matrix Group presently has an average rating of “Hold” and a consensus price target of $2.53.

About Golden Matrix Group

Golden Matrix Group, Inc provides enterprise software-as-a-service solutions for online casino and sports betting operators. The company develops and owns online gaming intellectual property; and builds gaming platforms for customers located primarily in the Asia Pacific region. Its platform facilitates gaming customers in operating online casinos, sportsbooks, lottery, and live games; and provides customers with access to a portfolio of licensed gaming content, which are provided by gaming content providers.