Q2 EPS Forecast for Golden Matrix Group Lowered by Analyst

Golden Matrix Group, Inc. (NASDAQ:GMGI) – Equities research analysts at Zacks Small Cap reduced their Q2 2025 EPS estimates for Golden Matrix Group in a research note issued to investors on Tuesday, May 13th. Zacks Small Cap analyst M. Marin now anticipates that the company will post earnings per share of $0.00 for the quarter, down from their previous estimate of $0.01. The consensus estimate for Golden Matrix Group’s current full-year earnings is $0.03 per share. Zacks Small Cap also issued estimates for Golden Matrix Group’s Q3 2025 earnings at $0.00 EPS, Q4 2025 earnings at $0.01 EPS and FY2025 earnings at $0.01 EPS.

Separately, Maxim Group began coverage on Golden Matrix Group in a research note on Friday, February 21st. They issued a “buy” rating and a $4.00 price target on the stock.

Golden Matrix Group Price Performance

Shares of GMGI opened at $1.70 on Thursday. The firm has a fifty day simple moving average of $1.98 and a two-hundred day simple moving average of $2.10. The firm has a market cap of $235.23 million, a PE ratio of -34.00 and a beta of 0.41. The company has a current ratio of 0.82, a quick ratio of 0.75 and a debt-to-equity ratio of 0.18. Golden Matrix Group has a 1-year low of $1.63 and a 1-year high of $6.27.

Institutional Trading of Golden Matrix Group

Several hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers lifted its position in shares of Golden Matrix Group by 390.5% during the 4th quarter. Rhumbline Advisers now owns 106,449 shares of the company’s stock valued at $211,000 after buying an additional 84,749 shares in the last quarter. Barclays PLC raised its stake in Golden Matrix Group by 332.6% during the 3rd quarter. Barclays PLC now owns 29,160 shares of the company’s stock worth $67,000 after acquiring an additional 22,420 shares during the period. SG Americas Securities LLC purchased a new position in Golden Matrix Group during the fourth quarter valued at approximately $28,000. Geode Capital Management LLC lifted its holdings in Golden Matrix Group by 14.4% during the fourth quarter. Geode Capital Management LLC now owns 623,498 shares of the company’s stock valued at $1,235,000 after purchasing an additional 78,427 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Golden Matrix Group by 460.5% in the fourth quarter. JPMorgan Chase & Co. now owns 50,819 shares of the company’s stock worth $101,000 after purchasing an additional 41,752 shares during the period. Institutional investors own 2.74% of the company’s stock.

Insider Transactions at Golden Matrix Group

In related news, insider Aleksandar Milovanovic bought 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were bought at an average cost of $1.86 per share, with a total value of $186,000.00. Following the acquisition, the insider now owns 78,514,616 shares in the company, valued at $146,037,185.76. This trade represents a 0.13% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have acquired 709,606 shares of company stock worth $1,386,655 in the last quarter. Company insiders own 23.20% of the company’s stock.

Golden Matrix Group Company Profile

Golden Matrix Group, Inc provides enterprise software-as-a-service solutions for online casino and sports betting operators. The company develops and owns online gaming intellectual property; and builds gaming platforms for customers located primarily in the Asia Pacific region. Its platform facilitates gaming customers in operating online casinos, sportsbooks, lottery, and live games; and provides customers with access to a portfolio of licensed gaming content, which are provided by gaming content providers.