Equities Analysts Set Expectations for GMGI Q1 Earnings

Golden Matrix Group, Inc. (NASDAQ:GMGI) – Equities research analysts at Zacks Small Cap issued their Q1 2025 earnings estimates for shares of Golden Matrix Group in a research note issued on Tuesday, March 25th. Zacks Small Cap analyst M. Marin forecasts that the company will post earnings per share of $0.01 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 started coverage on Golden Matrix Group in a report on Friday, February 21st. They set a “buy” rating and a $4.00 price target on the stock.

Golden Matrix Group Stock Down 2.9 %

Shares of NASDAQ:GMGI opened at $2.04 on Thursday. 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 company has a 50-day moving average price of $2.00 and a 200-day moving average price of $2.19. Golden Matrix Group has a 12 month low of $1.70 and a 12 month high of $6.27.

Insider Buying and Selling

In other news, insider Aleksandar Milovanovic acquired 20,000 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were acquired at an average cost of $1.85 per share, with a total value of $37,000.00. Following the transaction, the insider now owns 77,934,616 shares in the company, valued at $144,179,039.60. The trade was a 0.03 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders acquired 523,726 shares of company stock valued at $1,016,690 over the last quarter. 23.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in Golden Matrix Group in the fourth quarter worth $28,000. Kera Capital Partners Inc. bought a new stake in shares of Golden Matrix Group during the 4th quarter valued at $40,000. Virtu Financial LLC grew its position 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 buying an additional 8,408 shares during the period. Barclays PLC increased its stake in shares of Golden Matrix Group by 332.6% in 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 in the last quarter. Finally, Bank of New York Mellon Corp lifted its position 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 acquiring an additional 8,061 shares during the period. Hedge funds and other institutional investors own 2.74% 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.