Motorsport Games (NASDAQ:MSGM) Major Shareholder Mike Zoi Sells 4,959 Shares

Motorsport Games Inc. (NASDAQ:MSGM) major shareholder Mike Zoi sold 4,959 shares of the company’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $3.29, for a total value of $16,315.11. Following the sale, the insider owned 1,475,426 shares in the company, valued at approximately $4,854,151.54. This trade represents a 0.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major 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 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 value 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.

Motorsport Games Price Performance

Shares of MSGM stock traded down $0.14 during trading hours on Thursday, reaching $3.51. 53,602 shares of the stock were exchanged, compared to its average volume of 79,257. Motorsport Games Inc. has a 12-month low of $0.73 and a 12-month high of $5.41. The business’s fifty day moving average is $3.44 and its two-hundred day moving average is $3.01. The firm has a market capitalization of $20.26 million, a P/E ratio of 8.76 and a beta of 1.76.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

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

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).