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 report released on Tuesday, March 25th. Zacks Small Cap analyst M. Marin expects 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 initiated coverage on Golden Matrix Group in a report on Friday, February 21st. They set a “buy” rating and a $4.00 target price on the stock.

Golden Matrix Group Price Performance

Golden Matrix Group stock opened at $2.15 on Thursday. Golden Matrix Group has a 52 week low of $1.70 and a 52 week high of $6.27. The firm’s 50-day simple moving average is $2.00 and its 200 day simple moving average is $2.20. The company has a current ratio of 0.82, a quick ratio of 0.75 and a debt-to-equity ratio of 0.18.

Hedge Funds Weigh In On Golden Matrix Group

A number of large investors have recently modified their holdings of the company. Bank of New York Mellon Corp increased 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 worth $80,000 after purchasing an additional 8,061 shares in the last quarter. Virtu Financial LLC lifted its holdings 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 acquiring an additional 8,408 shares in the last quarter. Northern Trust Corp boosted its position in Golden Matrix Group by 6.7% during 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 acquired a new stake in Golden Matrix Group in the 4th quarter valued at $28,000. Finally, Kera Capital Partners Inc. purchased a new position in Golden Matrix Group in the fourth quarter valued at about $40,000. 2.74% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Golden Matrix Group

In related news, insider Aleksandar Milovanovic acquired 140,000 shares of the stock in a transaction dated Friday, March 21st. The stock was bought at an average cost of $1.96 per share, with a total value of $274,400.00. Following the purchase, the insider now directly owns 79,460,291 shares of the company’s stock, valued at approximately $155,742,170.36. This represents a 0.18 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have acquired 523,726 shares of company stock worth $1,016,690 over the last quarter. 23.20% of the stock is currently owned by insiders.

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.