Richard Christensen Acquires 15,000 Shares of Golden Matrix Group (NASDAQ:GMGI) Stock

Golden Matrix Group, Inc. (NASDAQ:GMGI) CFO Richard Christensen bought 15,000 shares of Golden Matrix Group stock in a transaction that occurred on Monday, November 3rd. The shares were acquired at an average price of $1.02 per share, with a total value of $15,300.00. Following the completion of the transaction, the chief financial officer owned 110,000 shares of the company’s stock, valued at $112,200. This represents a 15.79% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Richard Christensen also recently made the following trade(s):

• On Thursday, November 6th, Richard Christensen bought 10,000 shares of Golden Matrix Group stock. The shares were bought at an average price of $0.99 per share, with a total value of $9,900.00.
• On Tuesday, November 4th, Richard Christensen purchased 10,000 shares of Golden Matrix Group stock. The stock was bought at an average cost of $0.99 per share, with a total value of $9,900.00.
• On Tuesday, September 2nd, Richard Christensen acquired 20,000 shares of Golden Matrix Group stock. The shares were bought at an average price of $1.04 per share, for a total transaction of $20,800.00.
• On Tuesday, August 26th, Richard Christensen acquired 25,000 shares of Golden Matrix Group stock. The shares were bought at an average cost of $1.30 per share, with a total value of $32,500.00.
• On Tuesday, August 12th, Richard Christensen bought 5,000 shares of Golden Matrix Group stock. The stock was bought at an average price of $1.36 per share, with a total value of $6,800.00.
• On Monday, August 11th, Richard Christensen acquired 30,000 shares of Golden Matrix Group stock. The stock was purchased at an average price of $1.39 per share, with a total value of $41,700.00.

Golden Matrix Group Stock Performance

Shares of NASDAQ GMGI opened at $0.97 on Friday. Golden Matrix Group, Inc. has a 1-year low of $0.91 and a 1-year high of $3.06. The company has a current ratio of 0.61, a quick ratio of 0.52 and a debt-to-equity ratio of 0.07. The stock’s 50-day moving average is $1.03 and its 200 day moving average is $1.44. The stock has a market cap of $137.54 million, a price-to-earnings ratio of -19.48 and a beta of 0.29.

Golden Matrix Group (NASDAQ:GMGI) last posted its quarterly earnings results on Wednesday, August 6th. The company reported ($0.03) EPS for the quarter. Golden Matrix Group had a negative return on equity of 3.69% and a negative net margin of 3.00%.The business had revenue of $43.25 million for the quarter, compared to analysts’ expectations of $50.01 million. On average, sell-side analysts anticipate that Golden Matrix Group, Inc. will post 0.03 EPS for the current fiscal year.

Institutional Trading of Golden Matrix Group

Large investors have recently modified their holdings of the business. Topline Capital Management LLC bought a new position in Golden Matrix Group during the 2nd quarter valued at approximately $90,000. Marshall Wace LLP purchased a new stake in shares of Golden Matrix Group in the 2nd quarter worth about $57,000. Nuveen LLC bought a new stake in shares of Golden Matrix Group during the 1st quarter valued at about $52,000. Finally, Marex Group plc purchased a new position in shares of Golden Matrix Group during the second quarter valued at about $26,000. 2.74% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

GMGI has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Golden Matrix Group in a research note on Tuesday, October 14th. UBS Group set a $1.80 target price on 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 stock. According to data from MarketBeat, Golden Matrix Group presently has a consensus rating of “Hold” and an average price target of $2.90.

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.