Mike Zoi Sells 9,603 Shares of Motorsport Games (NASDAQ:MSGM) Stock

Motorsport Games Inc. (NASDAQ:MSGM) major shareholder Mike Zoi sold 9,603 shares of the business’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $3.71, for a total value of $35,627.13. Following the transaction, the insider owned 1,394,974 shares of the company’s stock, valued at $5,175,353.54. The trade was a 0.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own at least 10% 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 Thursday, February 26th, Mike Zoi sold 5,059 shares of Motorsport Games stock. The shares were sold at an average price of $3.52, for a total value 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 transaction of $32,435.20.
• On Monday, February 23rd, Mike Zoi sold 48,909 shares of Motorsport Games stock. The shares were sold at an average price of $3.59, for a total transaction of $175,583.31.
• On Friday, February 20th, Mike Zoi sold 4,959 shares of Motorsport Games stock. The shares were sold at an average price of $3.29, for a total transaction of $16,315.11.

Motorsport Games Stock Performance

MSGM opened at $3.90 on Friday. The firm’s fifty day moving average is $3.47 and its two-hundred day moving average is $3.02. The firm has a market cap of $22.54 million, a PE ratio of 9.75 and a beta of 1.76. Motorsport Games Inc. has a twelve month low of $0.73 and a twelve month high of $5.41.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MSGM. Wall Street Zen upgraded Motorsport Games to a “buy” rating in a report on Saturday, January 31st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Motorsport Games in a report on Monday, December 29th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Institutional Investors Weigh In On Motorsport Games

Institutional investors have recently bought and sold shares of the company. Heron Bay Capital Management acquired a new position in Motorsport Games during the 2nd quarter worth approximately $132,000. Dimensional Fund Advisors LP acquired a new stake in shares of Motorsport Games in the third quarter valued at approximately $46,000. State Street Corp bought a new stake in shares of Motorsport Games in the fourth quarter worth $39,000. HRT Financial LP acquired a new position in Motorsport Games during the fourth quarter worth $37,000. Finally, XTX Topco Ltd acquired a new position in Motorsport Games during the fourth quarter worth $34,000. 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).