Mike Zoi Sells 11,675 Shares of Motorsport Games (NASDAQ:MSGM) Stock

Motorsport Games Inc. (NASDAQ:MSGM) major shareholder Mike Zoi sold 11,675 shares of Motorsport Games stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $3.77, for a total transaction of $44,014.75. Following the completion of the sale, the insider directly owned 1,376,799 shares of the company’s stock, valued at approximately $5,190,532.23. This trade represents a 0.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Large 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 Wednesday, March 4th, Mike Zoi sold 40,535 shares of Motorsport Games stock. The stock was sold at an average price of $4.03, for a total value of $163,356.05.
• On Monday, March 2nd, Mike Zoi sold 6,500 shares of Motorsport Games stock. The shares were sold at an average price of $3.74, for a total transaction of $24,310.00.
• 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 value of $17,807.68.
• On Wednesday, February 25th, Mike Zoi sold 9,362 shares of Motorsport Games stock. The stock was sold at an average price of $3.58, for a total value 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 shares were sold at an average price of $3.59, for a total value 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 Trading Up 7.7%

Shares of MSGM opened at $4.36 on Friday. Motorsport Games Inc. has a 1-year low of $0.73 and a 1-year high of $5.41. The firm’s 50-day moving average price is $3.54 and its 200-day moving average price is $3.04. The firm has a market capitalization of $25.20 million, a price-to-earnings ratio of 10.90 and a beta of 1.79.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Wall Street Zen raised shares of Motorsport Games to a “buy” rating in a report on Saturday, January 31st. Weiss Ratings reissued a “hold (c-)” rating on shares of Motorsport Games in a research note on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to MarketBeat, Motorsport Games has an average rating of “Hold”.

Institutional Investors Weigh In On Motorsport Games

Hedge funds have recently modified their holdings of the business. XTX Topco Ltd acquired a new position in Motorsport Games in the 4th quarter valued at about $34,000. HRT Financial LP acquired a new stake in Motorsport Games during the 4th quarter worth approximately $37,000. State Street Corp purchased a new position in Motorsport Games in the fourth quarter valued at $39,000. Dimensional Fund Advisors LP acquired a new position in shares of Motorsport Games during the third quarter worth about $46,000. Finally, Heron Bay Capital Management purchased a new stake in shares of Motorsport Games in the 2nd quarter valued at approximately $132,000. 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).