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

Motorsport Games Inc. (NASDAQ:MSGM) major shareholder Red Oak Partners, Llc bought 4,328 shares of the business’s stock in a transaction on Friday, August 28th. The stock was acquired at an average cost of $3.91 per share, for a total transaction of $16,922.48. Following the completion of the transaction, the insider owned 341,797 shares in the company, valued at $1,336,426.27. This represents a 1.28% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large 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 Monday, August 31st, Red Oak Partners, Llc purchased 4,554 shares of Motorsport Games stock. The shares were bought at an average cost of $3.93 per share, with a total value of $17,897.22.
• On Thursday, August 27th, Red Oak Partners, Llc purchased 3,280 shares of Motorsport Games stock. The stock was bought at an average price of $3.90 per share, with a total value of $12,792.00.
• On Friday, August 21st, Red Oak Partners, Llc purchased 5,212 shares of Motorsport Games stock. The stock was bought at an average price 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 cost 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 cost 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 price 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 shares were bought 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 bought 3,200 shares of Motorsport Games stock. The stock was bought 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 bought at an average cost of $3.95 per share, with a total value of $109,588.80.

Motorsport Games Stock Down 0.3%

Shares of Motorsport Games stock traded down $0.01 during trading on Monday, reaching $3.88. The company had a trading volume of 19,548 shares, compared to its average volume of 74,791. The company 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 firm’s fifty day moving average is $4.27 and its 200-day moving average is $4.16. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.85 and a current ratio of 1.85. Motorsport Games Inc. has a fifty-two week low of $2.11 and a fifty-two week high of $5.56.

Motorsport Games (NASDAQ:MSGM) last posted its quarterly earnings results on Friday, August 14th. The company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.17. The business had revenue of $3.54 million during the quarter, compared to the consensus estimate of $2.90 million. Motorsport Games had a return on equity of 41.13% and a net margin of 16.15%. On average, analysts anticipate that Motorsport Games Inc. will post 0.3 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of MSGM. Renaissance Technologies LLC grew 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 during the last quarter. Dimensional Fund Advisors LP acquired a new stake in Motorsport Games during the third quarter worth about $46,000. State Street Corp bought a new position in Motorsport Games in the fourth quarter worth about $39,000. HRT Financial LP bought a new position in Motorsport Games in the fourth quarter worth about $37,000. Finally, XTX Topco Ltd acquired a new position in Motorsport Games in the fourth quarter valued at approximately $34,000. 1.66% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MSGM has been the subject of several research reports. Wall Street Zen lowered 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 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, According to data from MarketBeat, the company currently has an average rating of “Hold”.

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).