Motorsport Games (NASDAQ:MSGM) Major Shareholder Buys $12,792.00 in Stock

Motorsport Games Inc. (NASDAQ:MSGMGet Free Report) major shareholder Red Oak Partners, Llc acquired 3,280 shares of the business’s stock in a transaction dated Thursday, August 27th. The stock was acquired at an average price of $3.90 per share, for a total transaction of $12,792.00. Following the completion of the transaction, the insider owned 338,966 shares in the company, valued at approximately $1,321,967.40. The trade was a 0.98% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases 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 shares were acquired at an average cost of $3.93 per share, for a total transaction of $17,897.22.
  • On Friday, August 28th, Red Oak Partners, Llc bought 4,328 shares of Motorsport Games stock. The shares were acquired at an average price of $3.91 per share, with a total value of $16,922.48.
  • On Friday, August 21st, Red Oak Partners, Llc purchased 5,212 shares of Motorsport Games stock. The stock was acquired 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 stock was bought at an average price of $3.86 per share, for a total transaction of $89,331.98.
  • On Tuesday, August 18th, Red Oak Partners, Llc purchased 19,709 shares of Motorsport Games stock. The stock was 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 acquired 10,404 shares of Motorsport Games stock. The shares were bought 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 acquired 12,737 shares of Motorsport Games stock. The stock was bought at an average price 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 bought at an average price 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 bought at an average cost of $3.95 per share, with a total value of $109,588.80.

Motorsport Games Trading Up 4.3%

Shares of MSGM opened at $4.08 on Thursday. The firm’s 50-day moving average price is $4.27 and its 200-day moving average price is $4.18. The firm has a market capitalization of $17.01 million, a price-to-earnings ratio of 9.49, a PEG 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.

Motorsport Games (NASDAQ:MSGMGet Free Report) last announced its quarterly earnings results on Friday, August 14th. The company reported $0.19 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $2.90 million. Sell-side analysts anticipate that Motorsport Games Inc. will post 0.3 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. XTX Topco Ltd purchased a new position in Motorsport Games during the 4th quarter valued at about $34,000. HRT Financial LP bought a new stake in Motorsport Games during the fourth quarter worth about $37,000. State Street Corp purchased a new stake in Motorsport Games in the fourth quarter worth about $39,000. Dimensional Fund Advisors LP purchased a new stake in Motorsport Games in the third quarter worth about $46,000. Finally, Renaissance Technologies LLC increased 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 valued at $113,000 after purchasing an additional 8,400 shares in the last quarter. 1.66% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Weiss Ratings upgraded Motorsport Games from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 24th. Zacks Research upgraded Motorsport Games from a “hold” rating to a “strong-buy” rating in a research note on Monday. Finally, Wall Street Zen lowered Motorsport Games from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 7th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy”.

Get Our Latest Stock Report on MSGM

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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