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

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

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Motorsport Games in a report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Motorsport Games has a consensus rating of “Hold”.

Motorsport Games Stock Performance

Motorsport Games stock opened at $4.12 on Friday. The company has a market capitalization of $23.81 million, a PE ratio of 10.30 and a beta of 1.76. Motorsport Games has a fifty-two week low of $0.73 and a fifty-two week high of $5.41. The company has a 50 day moving average price of $3.17 and a 200-day moving average price of $3.00.

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

Institutional Investors Weigh In On Motorsport Games

A hedge fund recently bought a new stake in Motorsport Games stock. Heron Bay Capital Management purchased a new stake in Motorsport Games Inc. (NASDAQ:MSGM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 45,416 shares of the company’s stock, valued at approximately $132,000. Heron Bay Capital Management owned approximately 0.79% of Motorsport Games at the end of the most recent reporting period. 1.66% of the stock is currently owned by institutional investors.

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).