Motorsport Games Inc. (NASDAQ:MSGM – Get Free Report) 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 transaction of $16,315.11. Following the completion of the transaction, the insider owned 1,475,426 shares in the company, valued at approximately $4,854,151.54. The trade was a 0.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Mike Zoi also recently made the following trade(s):
- 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 transaction of $35,627.13.
- On Thursday, February 26th, Mike Zoi sold 5,059 shares of Motorsport Games stock. The stock was sold at an average price of $3.52, for a total transaction of $17,807.68.
- On Wednesday, February 25th, Mike Zoi sold 9,362 shares of Motorsport Games stock. The shares were sold at an average price of $3.58, for a total transaction 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.
- 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 Stock Up 5.4%
Shares of NASDAQ MSGM opened at $3.90 on Friday. Motorsport Games Inc. has a twelve month low of $0.73 and a twelve month high of $5.41. The firm has a market cap of $22.54 million, a PE ratio of 9.75 and a beta of 1.76. The business has a fifty day simple moving average of $3.47 and a two-hundred day simple moving average of $3.02.
Institutional Inflows and Outflows
Analysts Set New Price Targets
A number of research analysts have commented on MSGM shares. Wall Street Zen raised shares of Motorsport Games to a “buy” rating in a research report on Saturday, January 31st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Motorsport Games in a research note on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Motorsport Games has an average rating of “Hold”.
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).
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