Motorsport Games (NASDAQ:MSGM) Stock Rating Upgraded by Wall Street Zen

Motorsport Games (NASDAQ:MSGM) was upgraded by stock analysts at Wall Street Zen to a “buy” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Motorsport Games in a research note on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Motorsport Games Trading Down 5.7%

Shares of MSGM opened at $4.12 on Friday. The firm has a market cap of $23.81 million, a P/E ratio of 10.30 and a beta of 1.76. Motorsport Games has a 12-month low of $0.73 and a 12-month high of $5.41. The company’s 50-day moving average price is $3.17 and its 200 day moving average price is $2.99.

Motorsport Games (NASDAQ:MSGM) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.14 EPS for the quarter. The business had revenue of $3.10 million during the quarter. Motorsport Games had a net margin of 34.24% and a return on equity of 86.01%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Motorsport Games stock. Dimensional Fund Advisors LP bought a new position in shares of Motorsport Games Inc. (NASDAQ:MSGM) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 16,814 shares of the company’s stock, valued at approximately $46,000. Dimensional Fund Advisors LP owned approximately 0.29% of Motorsport Games as of its most recent filing with the SEC. 1.66% of the stock is owned by institutional investors and hedge funds.

Motorsport Games Company Profile

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).