Golden Matrix Group (NASDAQ:GMGI) CEO Anthony Brian Goodman Sells 50,000 Shares of Stock

Golden Matrix Group, Inc. (NASDAQ:GMGI) CEO Anthony Brian Goodman sold 50,000 shares of the stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $0.80, for a total transaction of $40,000.00. Following the completion of the sale, the chief executive officer owned 7,270,483 shares in the company, valued at $5,816,386.40. This represents a 0.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Anthony Brian Goodman also recently made the following trade(s):

• On Monday, December 8th, Anthony Brian Goodman sold 50,000 shares of Golden Matrix Group stock. The stock was sold at an average price of $0.74, for a total transaction of $37,000.00.
• On Monday, December 1st, Anthony Brian Goodman sold 50,000 shares of Golden Matrix Group stock. The stock was sold at an average price of $0.82, for a total value of $41,000.00.
• On Monday, November 24th, Anthony Brian Goodman sold 50,000 shares of Golden Matrix Group stock. The shares were sold at an average price of $0.80, for a total value of $40,000.00.

Golden Matrix Group Price Performance

Shares of NASDAQ:GMGI opened at $0.82 on Wednesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.52 and a current ratio of 0.61. The business’s fifty day moving average price is $0.91 and its two-hundred day moving average price is $1.25. The stock has a market cap of $116.38 million, a PE ratio of -16.48 and a beta of 0.32. Golden Matrix Group, Inc. has a one year low of $0.70 and a one year high of $2.60.

Institutional Investors Weigh In On Golden Matrix Group

A number of hedge funds and other institutional investors have recently made changes to their positions in GMGI. Marex Group plc acquired a new position in Golden Matrix Group in the second quarter valued at $26,000. Nuveen LLC purchased a new stake in Golden Matrix Group in the 1st quarter valued at about $52,000. Virtu Financial LLC acquired a new position in shares of Golden Matrix Group during the 3rd quarter valued at about $33,000. Marshall Wace LLP acquired a new position in shares of Golden Matrix Group during the 2nd quarter valued at about $57,000. Finally, Topline Capital Management LLC purchased a new position in shares of Golden Matrix Group during the 2nd quarter worth about $90,000. Hedge funds and other institutional investors own 2.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Golden Matrix Group in a research note on Tuesday, October 14th. Loop Capital set a $1.80 target price on shares of Golden Matrix Group in a report on Tuesday. Finally, UBS Group set a $1.80 price target on shares of Golden Matrix Group in a report on Tuesday, October 14th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, Golden Matrix Group presently has a consensus rating of “Hold” and an average price target of $2.53.

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.