Golden Matrix Group, Inc. (NASDAQ:GMGI - Free Report) - Equities research analysts at Zacks Small Cap issued their Q1 2025 earnings per share estimates for Golden Matrix Group in a research note issued to investors on Tuesday, March 25th. Zacks Small Cap analyst M. Marin anticipates that the company will earn $0.01 per share for the quarter. 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 Q2 2025 earnings at $0.01 EPS, Q3 2025 earnings at $0.02 EPS, Q4 2025 earnings at $0.02 EPS and FY2025 earnings at $0.06 EPS.
Separately, Maxim Group began coverage on shares of Golden Matrix Group in a research report on Friday, February 21st. They set a "buy" rating and a $4.00 price objective on the stock.
Read Our Latest Stock Report on Golden Matrix Group
Golden Matrix Group Stock Performance
Golden Matrix Group stock traded down $0.00 during mid-day trading on Thursday, hitting $2.04. The company's stock had a trading volume of 44,873 shares, compared to its average volume of 144,929. Golden Matrix Group has a 52-week low of $1.70 and a 52-week high of $6.27. The company has a quick ratio of 0.75, a current ratio of 0.82 and a debt-to-equity ratio of 0.18. The firm's 50 day moving average is $2.00 and its 200 day moving average is $2.19.
Insider Activity at Golden Matrix Group
In other Golden Matrix Group news, insider Aleksandar Milovanovic acquired 140,000 shares of the company's stock in a transaction dated Friday, March 21st. The shares were acquired at an average cost of $1.96 per share, for a total transaction of $274,400.00. Following the completion of the purchase, the insider now owns 79,460,291 shares of the company's stock, valued at approximately $155,742,170.36. This trade represents a 0.18 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders bought 523,726 shares of company stock valued at $1,016,690. Insiders own 23.20% of the company's stock.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in shares of Golden Matrix Group in the 4th quarter valued at approximately $28,000. Kera Capital Partners Inc. acquired a new stake in shares of Golden Matrix Group in the 4th quarter valued at $40,000. Virtu Financial LLC grew its holdings in shares of Golden Matrix Group by 56.0% in the 3rd quarter. Virtu Financial LLC now owns 23,431 shares of the company's stock worth $55,000 after purchasing an additional 8,408 shares during the last quarter. Barclays PLC increased its position in shares of 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 purchasing an additional 22,420 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Golden Matrix Group by 24.7% during the 4th quarter. Bank of New York Mellon Corp now owns 40,632 shares of the company's stock valued at $80,000 after purchasing an additional 8,061 shares during the last quarter. 2.74% of the stock is currently owned by institutional investors and hedge funds.
About Golden Matrix Group
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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.
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