Insider Selling: Motorsport Games (NASDAQ:MSGM) Major Shareholder Sells 90,900 Shares of Stock

Motorsport Games Inc. (NASDAQ:MSGM) major shareholder Mike Zoi sold 90,900 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $4.49, for a total value of $408,141.00. Following the transaction, the insider owned 1,245,364 shares of the company’s stock, valued at approximately $5,591,684.36. This represents a 6.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major 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 Monday, March 9th, Mike Zoi sold 24,720 shares of Motorsport Games stock. The shares were sold at an average price of $4.84, for a total transaction of $119,644.80.
• On Friday, March 6th, Mike Zoi sold 29,224 shares of Motorsport Games stock. The shares were sold at an average price of $4.70, for a total transaction of $137,352.80.
• On Wednesday, March 4th, Mike Zoi sold 40,535 shares of Motorsport Games stock. The shares were sold at an average price of $4.03, for a total transaction of $163,356.05.
• On Tuesday, March 3rd, Mike Zoi sold 11,675 shares of Motorsport Games stock. The stock was sold at an average price of $3.77, for a total transaction of $44,014.75.
• On Monday, March 2nd, Mike Zoi sold 6,500 shares of Motorsport Games stock. The stock was 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 shares were 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 shares were 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 stock was 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 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 Stock Performance

Shares of NASDAQ MSGM traded up $0.21 during mid-day trading on Monday, hitting $4.84. 146,388 shares of the stock traded hands, compared to its average volume of 93,754. The company has a market cap of $27.97 million, a price-to-earnings ratio of 12.10 and a beta of 1.79. The stock has a fifty day moving average price of $3.56 and a 200-day moving average price of $3.05. Motorsport Games Inc. has a 52 week low of $0.73 and a 52 week high of $5.41.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Wall Street Zen raised shares of Motorsport Games to a “buy” rating in a research report on Saturday, January 31st. Weiss Ratings reaffirmed 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, the company presently has an average rating of “Hold”.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. XTX Topco Ltd purchased a new stake in shares of Motorsport Games during the fourth quarter valued at approximately $34,000. HRT Financial LP bought a new position in shares of Motorsport Games during the fourth quarter valued at $37,000. State Street Corp bought a new stake in Motorsport Games in the 4th quarter worth about $39,000. Dimensional Fund Advisors LP bought a new position in Motorsport Games during the 3rd quarter valued at about $46,000. Finally, Heron Bay Capital Management bought a new stake in shares of Motorsport Games in the second quarter worth approximately $132,000. 1.66% of the stock is owned by hedge funds and other institutional investors.

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).