Mike Zoi Sells 40,535 Shares of Motorsport Games (NASDAQ:MSGM) Stock

Motorsport Games Inc. (NASDAQ:MSGMGet Free Report) major shareholder Mike Zoi sold 40,535 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $4.03, for a total transaction of $163,356.05. Following the sale, the insider owned 1,336,264 shares of the company’s stock, valued at approximately $5,385,143.92. The trade was a 2.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more 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 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 transaction of $44,014.75.
  • On Monday, March 2nd, Mike Zoi sold 6,500 shares of Motorsport Games stock. The shares were 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 stock was 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 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 shares were sold at an average price of $3.59, for a total value of $175,583.31.
  • On Friday, February 20th, Mike Zoi sold 4,959 shares of Motorsport Games stock. The stock was sold at an average price of $3.29, for a total value of $16,315.11.

Motorsport Games Trading Up 7.7%

Shares of NASDAQ:MSGM opened at $4.36 on Friday. The company has a market capitalization of $25.20 million, a price-to-earnings ratio of 10.90 and a beta of 1.79. Motorsport Games Inc. has a 12-month low of $0.73 and a 12-month high of $5.41. The business has a 50-day moving average price of $3.54 and a 200 day moving average price of $3.04.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. XTX Topco Ltd purchased a new stake in Motorsport Games during the 4th quarter worth approximately $34,000. HRT Financial LP purchased a new stake in shares of Motorsport Games during the fourth quarter worth $37,000. State Street Corp acquired a new stake in shares of Motorsport Games in the fourth quarter valued at $39,000. Dimensional Fund Advisors LP purchased a new position in Motorsport Games in the third quarter valued at $46,000. Finally, Heron Bay Capital Management purchased a new position in Motorsport Games in the second quarter valued at $132,000. Institutional investors and hedge funds own 1.66% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MSGM. Weiss Ratings restated a “hold (c-)” rating on shares of Motorsport Games in a report on Monday, December 29th. Wall Street Zen raised Motorsport Games to a “buy” rating in a research report on Saturday, January 31st. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Get Our Latest Research Report on MSGM

Motorsport Games Company Profile

(Get Free Report)

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).

See Also

Insider Buying and Selling by Quarter for Motorsport Games (NASDAQ:MSGM)

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