The average one-year price target for Motorsport Games Inc – (NASDAQ:MSGM) has been revised to 9.69 / share. This is an increase of 31.03% from the previous estimate of 7.40 as of October 31, 2023.
The price target is an average of many targets provided by analysts. The latest targets range from a low of 9.60 to a high of 9.98/share. The average price target represents an increase of 308.86% from the last reported closing price of 2.37 / share.
What is the Basic Sense?
There are 13 funds or institutions reporting positions in Motorsport Games Inc -. This is a decrease of 5 owner(s) or 27.78% in the last quarter. Average portfolio weight of all funds dedicated to MSGM is 0.00%, a decrease of 82.76%. Total shares owned by institutions decreased in the last three months by 53.12% to 37K shares.
What Are Other Shareholders Doing?
Alliancebernstein holds 12K shares representing 0.45% ownership of the company. No change in the last quarter.
VEXMX – Vanguard Extended Market Index Fund Investor Shares holds 11K shares representing 0.39% ownership of the company. No change in the last quarter.
DFAS – Dimensional US Small Cap ETF holds 8K shares representing 0.28% ownership of the company. No change in the last quarter.
EMC Capital Management holds 4K shares representing 0.16% ownership of the company. In its previous filing, the company reported owning 3K shares, representing an increase of 32.91%. The company decreased its portfolio allocation in MSGM by 86.77% during the last quarter.
FSMAX – Fidelity Extended Market Index Fund holds 2K shares representing 0.07% ownership of the company. No change in the last quarter.
Background Information on Motorsports Games
(This description is provided by the company.)
Motorsport Games, a Motorsport Network company, combines innovative and engaging video games with exciting sports competitions and content for racing fans and gamers around the world. The Company is the officially licensed video game developer and publisher for iconic motorsport racing series such as NASCAR and the British Touring Car Championship (“BTCC”) and award-winning sports partner of choice for NASCAR, 24 Hours of Le Mans, Formula E, BTCC and the FIA World Rallycross -Championship, among others.
Fintel is one of the most comprehensive investment research platforms available for individual investors, traders, financial advisors and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fundamental sentiment, option sentiment, insider trading, option flow, unusual options trades and much more. Additionally, our exclusive stock options are powered by advanced, back-tested quantitative models for enhanced returns.
Click to Learn More
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.