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

Motorsport Games Inc. (NASDAQ:MSGM) major shareholder Mike Zoi sold 24,720 shares of the firm’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $4.84, for a total value of $119,644.80. Following the transaction, the insider owned 1,191,420 shares in the company, valued at approximately $5,766,472.80. This trade represents a 2.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 10% 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 Friday, March 6th, Mike Zoi sold 29,224 shares of Motorsport Games stock. The shares were sold at an average price of $4.70, for a total transaction of $137,352.80.
• On Thursday, March 5th, Mike Zoi sold 90,900 shares of Motorsport Games stock. The stock was sold at an average price of $4.49, for a total transaction of $408,141.00.
• 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 Tuesday, March 3rd, Mike Zoi sold 11,675 shares of Motorsport Games stock. The stock was 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 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 value of $35,627.13.
• On Thursday, February 26th, Mike Zoi sold 5,059 shares of Motorsport Games stock. The stock was 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 shares were sold at an average price of $3.58, for a total transaction 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.

Motorsport Games Price Performance

Shares of NASDAQ MSGM traded up $0.21 during mid-day trading on Monday, hitting $4.84. The company had a trading volume of 146,388 shares, compared to its average volume of 93,754. Motorsport Games Inc. has a 12 month low of $0.73 and a 12 month high of $5.41. The firm has a market cap of $27.97 million, a P/E ratio of 12.10 and a beta of 1.79. The business’s 50-day simple moving average is $3.56 and its 200-day simple moving average is $3.05.

Institutional Trading of Motorsport Games

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

Wall Street Analyst Weigh In

MSGM has been the topic of a number of research reports. Weiss Ratings restated a “hold (c-)” rating on shares of Motorsport Games in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Motorsport Games to a “buy” rating in a research report on Saturday, January 31st. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently 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).