Q1 Earnings Estimate for GMGI Issued By Zacks Small Cap

Golden Matrix Group, Inc. (NASDAQ:GMGI) – Research analysts at Zacks Small Cap issued their Q1 2025 earnings per share (EPS) estimates for Golden Matrix Group in a note issued to investors on Tuesday, March 25th. Zacks Small Cap analyst M. Marin anticipates that the company will post earnings of $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 assumed coverage on shares of 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 %

Golden Matrix Group stock opened at $2.04 on Thursday. Golden Matrix Group has a one year low of $1.70 and a one year high of $6.27. The business’s fifty day moving average is $2.00 and its 200 day moving average is $2.19. The company has a quick ratio of 0.75, a current ratio of 0.82 and a debt-to-equity ratio of 0.18.

Insiders Place Their Bets

In other news, insider Aleksandar Milovanovic purchased 140,000 shares of the stock in a transaction dated Friday, March 21st. The shares were purchased at an average cost of $1.96 per share, with a total value of $274,400.00. Following the acquisition, the insider now directly owns 79,460,291 shares of the company’s stock, valued at $155,742,170.36. This represents a 0.18 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders purchased 523,726 shares of company stock valued at $1,016,690. Company insiders own 23.20% of the company’s stock.

Institutional Trading of Golden Matrix Group

Several large investors have recently modified their holdings of the company. Bank of New York Mellon Corp lifted its holdings in Golden Matrix Group by 24.7% in the fourth 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. Virtu Financial LLC increased its position in shares of Golden Matrix Group by 56.0% during the 3rd quarter. Virtu Financial LLC now owns 23,431 shares of the company’s stock valued at $55,000 after purchasing an additional 8,408 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Golden Matrix Group by 6.7% in the 4th quarter. Northern Trust Corp now owns 169,308 shares of the company’s stock worth $335,000 after purchasing an additional 10,690 shares during the period. SG Americas Securities LLC bought a new position in shares of Golden Matrix Group in the 4th quarter worth approximately $28,000. Finally, Kera Capital Partners Inc. purchased a new position in shares of Golden Matrix Group in the fourth quarter worth approximately $40,000. Institutional investors own 2.74% of the company’s stock.

About Golden Matrix Group

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.