Motorsport Games (NASDAQ:MSGM) Major Shareholder Mike Zoi Sells 11,675 Shares of Stock

Motorsport Games Inc. (NASDAQ:MSGM) major shareholder Mike Zoi sold 11,675 shares of Motorsport Games stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $3.77, for a total value of $44,014.75. Following the completion of the sale, the insider directly owned 1,376,799 shares in the company, valued at $5,190,532.23. This trade represents a 0.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Wednesday, March 4th, Mike Zoi sold 40,535 shares of Motorsport Games stock. The stock was sold at an average price of $4.03, for a total value of $163,356.05.
• 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 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 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 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 transaction 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 transaction 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 Price Performance

NASDAQ:MSGM traded up $0.42 during trading hours on Thursday, hitting $4.47. 447,829 shares of the company were exchanged, compared to its average volume of 87,093. Motorsport Games Inc. has a 52-week low of $0.73 and a 52-week high of $5.41. The stock has a market capitalization of $25.84 million, a price-to-earnings ratio of 11.18 and a beta of 1.79. The company’s 50 day moving average price is $3.51 and its 200-day moving average price is $3.03.

Institutional Trading of Motorsport Games

A number of institutional investors have recently bought and sold shares of MSGM. Heron Bay Capital Management bought a new stake in Motorsport Games in the second quarter valued at about $132,000. Dimensional Fund Advisors LP acquired a new stake in Motorsport Games in the 3rd quarter valued at about $46,000. HRT Financial LP bought a new position in Motorsport Games in the 4th quarter worth approximately $37,000. State Street Corp bought a new stake in shares of Motorsport Games during the fourth quarter worth $39,000. Finally, XTX Topco Ltd bought a new position in shares of Motorsport Games in the 4th quarter valued at about $34,000. Institutional investors and hedge funds own 1.66% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Weiss Ratings restated a “hold (c-)” rating on shares of Motorsport Games in a research report on Monday, December 29th. Wall Street Zen raised Motorsport Games to a “buy” rating in a research note on Saturday, January 31st. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Motorsport Games 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).