Motorsport Games Inc. (NASDAQ:MSGM – Get Free Report) major shareholder Red Oak Partners, Llc bought 5,212 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were bought at an average cost of $3.67 per share, for a total transaction of $19,128.04. Following the transaction, the insider owned 336,820 shares of the company’s stock, valued at $1,236,129.40. The trade was a 1.57% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Red Oak Partners, Llc also recently made the following trade(s):
- On Thursday, August 20th, Red Oak Partners, Llc purchased 23,143 shares of Motorsport Games stock. The shares were bought at an average price of $3.86 per share, with a total value of $89,331.98.
- On Tuesday, August 18th, Red Oak Partners, Llc acquired 19,709 shares of Motorsport Games stock. The shares were bought at an average price of $4.00 per share, for a total transaction of $78,836.00.
- On Monday, August 17th, Red Oak Partners, Llc bought 10,404 shares of Motorsport Games stock. The stock was purchased at an average price of $3.87 per share, with a total value of $40,263.48.
- On Thursday, July 2nd, Red Oak Partners, Llc purchased 12,737 shares of Motorsport Games stock. The shares were purchased at an average cost of $4.14 per share, for a total transaction of $52,731.18.
- On Wednesday, July 1st, Red Oak Partners, Llc acquired 3,200 shares of Motorsport Games stock. The stock was purchased at an average cost of $4.07 per share, with a total value of $13,024.00.
- On Tuesday, June 30th, Red Oak Partners, Llc bought 27,744 shares of Motorsport Games stock. The stock was acquired at an average price of $3.95 per share, for a total transaction of $109,588.80.
Motorsport Games Stock Performance
Motorsport Games stock traded up $0.10 during mid-day trading on Monday, reaching $4.05. 46,341 shares of the company’s stock were exchanged, compared to its average volume of 76,357. The business’s fifty day simple moving average is $4.26 and its 200 day simple moving average is $4.15. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.23. Motorsport Games Inc. has a one year low of $2.11 and a one year high of $5.56. The firm has a market capitalization of $16.90 million, a PE ratio of 9.42, a P/E/G ratio of 0.53 and a beta of 1.71.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on MSGM. Zacks Research upgraded shares of Motorsport Games to a “hold” rating in a research note on Wednesday, July 1st. Weiss Ratings upgraded Motorsport Games from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, July 10th. Finally, Wall Street Zen lowered shares of Motorsport Games from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 7th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.
View Our Latest Stock Analysis on Motorsport Games
Hedge Funds Weigh In On Motorsport Games
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC raised its position in shares of Motorsport Games by 43.8% during the 1st quarter. Renaissance Technologies LLC now owns 27,600 shares of the company’s stock valued at $113,000 after buying an additional 8,400 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Motorsport Games during the 4th quarter worth $34,000. State Street Corp purchased a new position in Motorsport Games in the fourth quarter worth $39,000. HRT Financial LP purchased a new position in Motorsport Games in the fourth quarter worth $37,000. Finally, Dimensional Fund Advisors LP bought a new position in Motorsport Games in the third quarter valued at $46,000. Hedge funds and other institutional investors own 1.66% of the company’s stock.
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).
Featured Articles
- Five stocks we like better than Motorsport Games
- Visa Just Put Hims & Hers in the Penalty Box—Here’s Why It Matters
- Treasury Yields Are Surging Again: 3 Stocks That Could Feel the Pain
- Snowflake Could Be Headed for New Highs Despite Insider Selling
- MongoDB Is Surging—And the Next Catalyst Is Almost Here
Receive News & Ratings for Motorsport Games Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Motorsport Games and related companies with MarketBeat.com's FREE daily email newsletter.
