Motorsport Games (NASDAQ:MSGM) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Motorsport Games (NASDAQ:MSGM) from a buy rating to a strong-buy rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Motorsport Games in a research note on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Motorsport Games currently has a consensus rating of “Hold”.

Motorsport Games Price Performance

NASDAQ MSGM opened at $4.68 on Friday. The firm has a market capitalization of $27.05 million, a price-to-earnings ratio of 3.25 and a beta of 1.79. The company has a 50 day simple moving average of $3.70 and a 200-day simple moving average of $3.11. Motorsport Games has a 52-week low of $0.73 and a 52-week high of $5.41.

Motorsport Games (NASDAQ:MSGM) last announced its quarterly earnings data on Tuesday, March 10th. The company reported $0.15 EPS for the quarter. The firm had revenue of $3.85 million for the quarter. Motorsport Games had a net margin of 61.31% and a return on equity of 129.70%.

Insider Transactions at Motorsport Games

In other Motorsport Games news, major shareholder Mike Zoi sold 31,131 shares of the stock in a transaction that occurred 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 transaction, the insider owned 1,158,848 shares in the company, 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 document filed with the SEC, which is available at the SEC website. Insiders sold a total of 321,537 shares of company stock worth $1,348,505 over the last three months. 17.34% of the stock is owned by corporate insiders.

Institutional Trading of Motorsport Games

A number of institutional investors and hedge funds have recently modified their holdings of MSGM. Heron Bay Capital Management bought a new stake in shares of Motorsport Games during the 2nd quarter worth $132,000. Dimensional Fund Advisors LP bought a new position in Motorsport Games in the 3rd quarter worth $46,000. State Street Corp acquired a new position in Motorsport Games during the 4th quarter worth $39,000. HRT Financial LP acquired a new position in Motorsport Games during the 4th quarter worth $37,000. Finally, XTX Topco Ltd bought a new stake in Motorsport Games during the fourth quarter valued at about $34,000. 1.66% of the stock is currently owned by institutional investors and hedge funds.

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).