Motorsport Games Inc. (NASDAQ:MSGM – Get Free Report) major shareholder Red Oak Partners, Llc purchased 27,744 shares of the company’s stock in a transaction on Tuesday, June 30th. The stock was bought at an average price of $3.95 per share, for a total transaction of $109,588.80. Following the completion of the purchase, the insider directly owned 285,611 shares of the company’s stock, valued at $1,128,163.45. The trade was a 10.76% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Motorsport Games Stock Performance
MSGM stock opened at $4.31 on Friday. The stock has a market cap of $17.97 million, a P/E ratio of 3.68, a PEG ratio of 0.75 and a beta of 1.70. Motorsport Games Inc. has a twelve month low of $2.11 and a twelve month high of $5.56. The company’s 50 day moving average is $4.30 and its two-hundred day moving average is $3.91.
Institutional Trading of Motorsport Games
Several institutional investors and hedge funds have recently bought and sold shares of the business. XTX Topco Ltd acquired a new stake in Motorsport Games during the 4th quarter worth $34,000. HRT Financial LP acquired a new position in Motorsport Games in the fourth quarter valued at $37,000. State Street Corp purchased a new stake in shares of Motorsport Games in the fourth quarter valued at about $39,000. Dimensional Fund Advisors LP purchased a new stake in shares of Motorsport Games in the third quarter valued at about $46,000. Finally, Renaissance Technologies LLC boosted its stake in shares of Motorsport Games by 43.8% during the first quarter. Renaissance Technologies LLC now owns 27,600 shares of the company’s stock worth $113,000 after buying an additional 8,400 shares during the period. Hedge funds and other institutional investors own 1.66% of the company’s stock.
Wall Street Analysts Forecast Growth
Read Our Latest Report on Motorsport Games
Motorsport Games News Summary
Here are the key news stories impacting Motorsport Games this week:
- Positive Sentiment: Red Oak Partners bought 27,744 shares of Motorsport Games, signaling insider confidence and increasing its ownership by 10.76%. SEC filing
- Positive Sentiment: Zacks Research upgraded Motorsport Games (NASDAQ: MSGM) to hold, improving the stock’s analyst backdrop. Tickerreport.com
- Neutral Sentiment: Sidoti released earnings estimates for 2026 and 2027 that imply improving profitability, but these are projections and not confirmed operating results.
About Motorsport Games
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).
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