Motorsport Games (NASDAQ:MSGM) Major Shareholder Mike Zoi Sells 24,720 Shares of Stock

Motorsport Games Inc. (NASDAQ:MSGM) major shareholder Mike Zoi sold 24,720 shares of the stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $4.84, for a total transaction of $119,644.80. Following the completion of the transaction, the insider directly owned 1,191,420 shares of the company’s stock, valued at approximately $5,766,472.80. The trade was a 2.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large 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 Friday, March 6th, Mike Zoi sold 29,224 shares of Motorsport Games stock. The stock was sold at an average price of $4.70, for a total value 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 value 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 value of $163,356.05.
• On Tuesday, March 3rd, Mike Zoi sold 11,675 shares of Motorsport Games stock. The shares were sold at an average price of $3.77, for a total value 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 value 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.
• 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 transaction of $175,583.31.

Motorsport Games Stock Up 4.5%

MSGM stock opened at $4.84 on Tuesday. Motorsport Games Inc. has a twelve month low of $0.73 and a twelve month high of $5.41. The stock has a market capitalization of $27.98 million, a price-to-earnings ratio of 12.10 and a beta of 1.79. The firm’s fifty day simple moving average is $3.60 and its two-hundred day simple moving average is $3.07.

Institutional Trading of Motorsport Games

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

Analyst Ratings Changes

Several equities analysts recently commented on MSGM shares. Wall Street Zen upgraded 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 equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus 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).