Insider Selling: Motorsport Games (NASDAQ:MSGM) Major Shareholder Sells $140,400.81 in Stock

Motorsport Games Inc. (NASDAQ:MSGM) major shareholder Mike Zoi sold 31,131 shares of the business’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $4.51, for a total transaction of $140,400.81. Following the completion of the sale, the insider directly owned 1,158,848 shares in the company, valued at $5,226,404.48. This trade represents a 2.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 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 stock was 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 Thursday, March 5th, Mike Zoi sold 90,900 shares of Motorsport Games stock. The shares were sold at an average price of $4.49, for a total transaction of $408,141.00.
• 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 value 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 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 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.

Motorsport Games Price Performance

Motorsport Games stock opened at $4.08 on Friday. The business has a 50 day simple moving average of $3.67 and a 200 day simple moving average of $3.10. The company has a market capitalization of $23.58 million, a PE ratio of 2.83 and a beta of 1.79. Motorsport Games Inc. has a one year low of $0.73 and a one year high of $5.41.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Heron Bay Capital Management bought a new position in Motorsport Games in the 2nd quarter valued at $132,000. Dimensional Fund Advisors LP acquired a new stake in shares of Motorsport Games in the 3rd quarter valued at $46,000. State Street Corp bought a new stake in shares of Motorsport Games during the fourth quarter worth $39,000. HRT Financial LP bought a new stake in shares of Motorsport Games during the fourth quarter worth $37,000. Finally, XTX Topco Ltd acquired a new position in shares of Motorsport Games during the fourth quarter valued at $34,000. Institutional investors and hedge funds own 1.66% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on MSGM shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Motorsport Games in a research report on Monday, December 29th. Wall Street Zen raised shares of Motorsport Games from a “buy” rating to a “strong-buy” rating in a research note on Saturday. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Motorsport Games presently has an average rating of “Hold”.

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).