Research Analysts Offer Predictions for GMGI Q1 Earnings

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

Golden Matrix Group Stock Down 2.3 %

Shares of NASDAQ GMGI opened at $2.10 on Thursday. The company has a 50 day simple moving average of $2.00 and a two-hundred day simple moving average of $2.20. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.75 and a current ratio of 0.82. Golden Matrix Group has a 12 month low of $1.70 and a 12 month high of $6.27.

Institutional Trading of Golden Matrix Group

Hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in shares of Golden Matrix Group in the fourth quarter worth about $28,000. Kera Capital Partners Inc. purchased a new position in shares of Golden Matrix Group in the 4th quarter valued at about $40,000. Virtu Financial LLC raised its holdings in 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 period. Barclays PLC boosted its position in Golden Matrix Group by 332.6% during the third 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 boosted its position in Golden Matrix Group by 24.7% during the fourth quarter. Bank of New York Mellon Corp now owns 40,632 shares of the company’s stock worth $80,000 after purchasing an additional 8,061 shares in the last quarter. 2.74% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Aleksandar Milovanovic bought 20,000 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was purchased at an average cost of $1.85 per share, with a total value of $37,000.00. Following the acquisition, the insider now directly owns 77,934,616 shares in the company, valued at $144,179,039.60. This trade represents a 0.03 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders purchased a total of 523,726 shares of company stock valued at $1,016,690 in the last quarter. 23.20% of the stock is currently owned by company insiders.

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.