Mike Zoi Sells 8,960 Shares of Motorsport Games (NASDAQ:MSGM) Stock

Motorsport Games Inc. (NASDAQ:MSGM) major shareholder Mike Zoi sold 8,960 shares of Motorsport Games stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $3.62, for a total value of $32,435.20. Following the transaction, the insider directly owned 1,417,557 shares of the company’s stock, valued at $5,131,556.34. This trade represents a 0.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Mike Zoi also recently made the following trade(s):

• 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 stock opened at $3.70 on Friday. The stock’s 50 day moving average price is $3.45 and its 200 day moving average price is $3.01. The firm has a market cap of $21.39 million, a P/E ratio of 9.25 and a beta of 1.76. Motorsport Games Inc. has a 1 year low of $0.73 and a 1 year high of $5.41.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on MSGM shares. 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 research note on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, Motorsport Games currently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of MSGM. XTX Topco Ltd acquired a new stake in Motorsport Games during the fourth quarter worth about $34,000. HRT Financial LP bought a new position in shares of Motorsport Games during the fourth quarter valued at approximately $37,000. State Street Corp acquired a new stake in shares of Motorsport Games during the 4th quarter worth approximately $39,000. Dimensional Fund Advisors LP bought a new stake in shares of Motorsport Games in the 3rd quarter worth approximately $46,000. Finally, Heron Bay Capital Management acquired a new position in Motorsport Games during the 2nd quarter valued at approximately $132,000. 1.66% of the stock is owned by institutional investors and hedge funds.

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).