21,835 Shares in Motorsport Games Inc. (NASDAQ:MSGM) Acquired by Citadel Advisors LLC

Citadel Advisors LLC bought a new position in shares of Motorsport Games Inc. (NASDAQ:MSGM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 21,835 shares of the company’s stock, valued at approximately $29,000. Citadel Advisors LLC owned approximately 0.58% of Motorsport Games at the end of the most recent reporting period.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Motorsport Games to a “buy” rating in a report on Friday, June 6th.

Motorsport Games Stock Performance

NASDAQ MSGM opened at $2.81 on Friday. The stock has a market capitalization of $16.24 million, a P/E ratio of 1.73 and a beta of 1.88. Motorsport Games Inc. has a 1 year low of $0.73 and a 1 year high of $3.50. The business’s fifty day moving average is $2.38 and its two-hundred day moving average is $1.65.

Motorsport Games (NASDAQ:MSGM) last posted its quarterly earnings results on Friday, May 9th. The company reported $0.33 earnings per share (EPS) for the quarter. The company had revenue of $1.76 million for the quarter. Motorsport Games had a return on equity of 215.50% and a net margin of 52.74%.

About Motorsport Games

Motorsport Games Inc develops and publishes multi-platform racing video games in the United States. It operates through Gaming and Esports segments. The company offers rFactor 2, a realistic racing simulation game; NASCAR Heat Mobile, a racing experience for mobile devices; NASCAR Heat 3, NASCAR Heat 4, NASCAR Heat 5, NASCAR Heat Ultimate Edition, and NASCAR 21: Ignition, which are racing video games; KartKraft, a kart racing simulator; NASCAR Rivals, a racing video game; and Le Mans Ultimate, a official game of the FIA World Endurance Championship and 24 Hours of Le Mans.