Anthony Brian Goodman Sells 50,000 Shares of Golden Matrix Group (NASDAQ:GMGI) Stock

Golden Matrix Group, Inc. (NASDAQ:GMGI) CEO Anthony Brian Goodman sold 50,000 shares of the company’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $0.74, for a total transaction of $37,000.00. Following the completion of the sale, the chief executive officer directly owned 7,320,483 shares in the company, valued at approximately $5,417,157.42. The trade was a 0.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Anthony Brian Goodman also recently made the following trade(s):

• On Monday, December 15th, Anthony Brian Goodman sold 50,000 shares of Golden Matrix Group stock. The shares were sold at an average price of $0.80, for a total value of $40,000.00.
• On Monday, December 1st, Anthony Brian Goodman sold 50,000 shares of Golden Matrix Group stock. The stock was sold at an average price of $0.82, for a total transaction of $41,000.00.
• On Monday, November 24th, Anthony Brian Goodman sold 50,000 shares of Golden Matrix Group stock. The stock was sold at an average price of $0.80, for a total transaction of $40,000.00.

Golden Matrix Group Price Performance

GMGI stock traded up $0.03 during midday trading on Tuesday, reaching $0.82. The company had a trading volume of 116,752 shares, compared to its average volume of 231,086. Golden Matrix Group, Inc. has a 1-year low of $0.70 and a 1-year high of $2.60. The stock has a 50 day moving average price of $0.91 and a 200-day moving average price of $1.25. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.61 and a quick ratio of 0.52. The company has a market capitalization of $116.38 million, a price-to-earnings ratio of -16.48 and a beta of 0.32.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. UBS Group set a $1.80 price objective on shares of Golden Matrix Group in a research note on Tuesday, October 14th. Weiss Ratings restated a “sell (d)” rating on shares of Golden Matrix Group in a research report on Tuesday, October 14th. Finally, Loop Capital set a $1.80 price objective on shares of Golden Matrix Group in a research note on Tuesday. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $2.53.

Institutional Investors Weigh In On Golden Matrix Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Marex Group plc bought a new position in shares of Golden Matrix Group during the 2nd quarter worth about $26,000. Nuveen LLC bought a new position in Golden Matrix Group in the first quarter worth approximately $52,000. Virtu Financial LLC acquired a new stake in Golden Matrix Group in the third quarter valued at approximately $33,000. Marshall Wace LLP bought a new stake in shares of Golden Matrix Group during the second quarter valued at approximately $57,000. Finally, Topline Capital Management LLC bought a new position in shares of Golden Matrix Group in the 2nd quarter worth $90,000. 2.74% of the stock is owned by institutional investors.

Golden Matrix Group Company Profile

Golden Matrix Group, Inc provides enterprise software-as-a-service solutions for online casino and sports betting operators. The company develops and owns online gaming intellectual property; and builds gaming platforms for customers located primarily in the Asia Pacific region. Its platform facilitates gaming customers in operating online casinos, sportsbooks, lottery, and live games; and provides customers with access to a portfolio of licensed gaming content, which are provided by gaming content providers.