Motorsport Games Inc. (NASDAQ:MSGM – Get Free Report) major shareholder Red Oak Partners, Llc acquired 4,554 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The stock was purchased at an average cost of $3.93 per share, with a total value of $17,897.22. Following the acquisition, the insider directly owned 344,776 shares of the company’s stock, valued at $1,354,969.68. This trade represents a 1.34% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Red Oak Partners, Llc also recently made the following trade(s):
- On Friday, August 28th, Red Oak Partners, Llc bought 4,328 shares of Motorsport Games stock. The shares were purchased at an average cost of $3.91 per share, for a total transaction of $16,922.48.
- On Thursday, August 27th, Red Oak Partners, Llc bought 3,280 shares of Motorsport Games stock. The stock was purchased at an average price of $3.90 per share, for a total transaction of $12,792.00.
- On Friday, August 21st, Red Oak Partners, Llc purchased 5,212 shares of Motorsport Games stock. The stock was purchased at an average cost of $3.67 per share, with a total value of $19,128.04.
- On Thursday, August 20th, Red Oak Partners, Llc purchased 23,143 shares of Motorsport Games stock. The shares were purchased 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 purchased 19,709 shares of Motorsport Games stock. The shares were purchased at an average price of $4.00 per share, with a total value of $78,836.00.
- On Monday, August 17th, Red Oak Partners, Llc purchased 10,404 shares of Motorsport Games stock. The shares were purchased at an average cost of $3.87 per share, for a total transaction of $40,263.48.
- On Thursday, July 2nd, Red Oak Partners, Llc bought 12,737 shares of Motorsport Games stock. The stock was acquired at an average price 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 shares were acquired 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 shares were bought at an average cost of $3.95 per share, with a total value of $109,588.80.
Motorsport Games Trading Down 0.3%
Motorsport Games stock traded down $0.01 during trading on Monday, hitting $3.88. The company had a trading volume of 19,548 shares, compared to its average volume of 74,791. The stock has a market cap of $16.18 million, a price-to-earnings ratio of 9.02, a price-to-earnings-growth ratio of 0.52 and a beta of 1.71. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.23. Motorsport Games Inc. has a 1-year low of $2.11 and a 1-year high of $5.56. The company’s 50 day simple moving average is $4.27 and its 200-day simple moving average is $4.16.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP acquired a new position in shares of Motorsport Games in the 3rd quarter valued at $46,000. State Street Corp acquired a new position in Motorsport Games in the fourth quarter valued at $39,000. HRT Financial LP acquired a new position in Motorsport Games in the fourth quarter valued at $37,000. XTX Topco Ltd purchased a new position in shares of Motorsport Games during the fourth quarter worth about $34,000. Finally, Renaissance Technologies LLC increased its position 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 purchasing an additional 8,400 shares in the last quarter. 1.66% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
MSGM has been the topic of a number of recent research reports. Weiss Ratings raised Motorsport Games from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 24th. Wall Street Zen downgraded Motorsport Games from a “strong-buy” rating to a “buy” rating in a report on Sunday, June 7th. Finally, Zacks Research raised Motorsport Games to a “hold” rating in a research report on Wednesday, July 1st. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Motorsport Games currently has an average rating of “Hold”.
Read Our Latest Research Report on Motorsport Games
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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