Motorsport Games (NASDAQ:MSGM) Major Shareholder Red Oak Partners, Llc Buys 4,328 Shares of Stock

Motorsport Games Inc. (NASDAQ:MSGMGet Free Report) major shareholder Red Oak Partners, Llc acquired 4,328 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The shares were purchased at an average price of $3.91 per share, with a total value of $16,922.48. Following the completion of the acquisition, the insider owned 341,797 shares of the company’s stock, valued at $1,336,426.27. This represents a 1.28% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Red Oak Partners, Llc also recently made the following trade(s):

  • On Monday, August 31st, Red Oak Partners, Llc bought 4,554 shares of Motorsport Games stock. The stock was purchased at an average price of $3.93 per share, for a total transaction of $17,897.22.
  • On Thursday, August 27th, Red Oak Partners, Llc bought 3,280 shares of Motorsport Games stock. The stock was purchased at an average cost of $3.90 per share, for a total transaction of $12,792.00.
  • On Friday, August 21st, Red Oak Partners, Llc bought 5,212 shares of Motorsport Games stock. The stock was purchased at an average cost of $3.67 per share, for a total transaction 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 cost 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 stock was purchased at an average cost 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 stock was purchased at an average cost of $4.14 per share, with a total value 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 price of $4.07 per share, for a total transaction of $13,024.00.
  • On Tuesday, June 30th, Red Oak Partners, Llc acquired 27,744 shares of Motorsport Games stock. The shares were acquired at an average cost of $3.95 per share, for a total transaction of $109,588.80.

Motorsport Games Price Performance

NASDAQ MSGM opened at $3.88 on Tuesday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $16.18 million, a PE ratio of 9.02, a price-to-earnings-growth ratio of 0.52 and a beta of 1.71. The company has a 50 day moving average price of $4.27 and a two-hundred day moving average price of $4.17. Motorsport Games Inc. has a 12-month low of $2.11 and a 12-month high of $5.56.

Motorsport Games (NASDAQ:MSGMGet Free Report) last posted its earnings results on Friday, August 14th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.02 by $0.17. Motorsport Games had a net margin of 16.15% and a return on equity of 41.13%. The company had revenue of $3.54 million during the quarter, compared to the consensus estimate of $2.90 million. As a group, equities analysts predict that Motorsport Games Inc. will post 0.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on MSGM. Wall Street Zen downgraded shares of Motorsport Games from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 7th. Weiss Ratings raised Motorsport Games from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 24th. Finally, Zacks Research upgraded Motorsport Games to a “hold” rating in a research note on Wednesday, July 1st. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

View Our Latest Stock Analysis on Motorsport Games

Institutional Investors Weigh In On Motorsport Games

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC increased its stake in shares of Motorsport Games by 43.8% in 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 during the period. XTX Topco Ltd acquired a new position in shares of Motorsport Games during the 4th quarter worth about $34,000. State Street Corp bought a new stake in Motorsport Games during the 4th quarter valued at approximately $39,000. HRT Financial LP acquired a new stake in Motorsport Games in the 4th quarter valued at approximately $37,000. Finally, Dimensional Fund Advisors LP acquired a new stake in Motorsport Games in the 3rd quarter valued at approximately $46,000. 1.66% of the stock is owned by institutional investors and hedge funds.

Motorsport Games Company Profile

(Get Free Report)

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).

Further Reading

Insider Buying and Selling by Quarter for Motorsport Games (NASDAQ:MSGM)

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