Research Analysts Issue Forecasts for GMGI Q1 Earnings

Golden Matrix Group, Inc. (NASDAQ:GMGI) – Analysts at Zacks Small Cap issued their Q1 2025 EPS 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 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 started coverage on 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 Price Performance

Shares of Golden Matrix Group stock opened at $2.10 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. Golden Matrix Group has a twelve month low of $1.70 and a twelve month high of $6.27. The firm’s 50-day moving average price is $2.00 and its 200 day moving average price is $2.20.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Barclays PLC increased its holdings in shares of Golden Matrix Group by 332.6% in the third quarter. Barclays PLC now owns 29,160 shares of the company’s stock valued at $67,000 after purchasing an additional 22,420 shares during the last quarter. Geode Capital Management LLC grew its holdings in Golden Matrix Group by 6.3% in the 3rd quarter. Geode Capital Management LLC now owns 545,071 shares of the company’s stock valued at $1,270,000 after buying an additional 32,182 shares in the last quarter. Virtu Financial LLC increased its stake 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 acquiring an additional 8,408 shares during the last quarter. Kera Capital Partners Inc. purchased a new position in shares of Golden Matrix Group during the 4th quarter worth $40,000. Finally, SG Americas Securities LLC acquired a new position in shares of Golden Matrix Group during the 4th quarter valued at about $28,000. 2.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Golden Matrix Group

In other Golden Matrix Group news, insider Aleksandar Milovanovic acquired 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was bought at an average price of $1.85 per share, with a total value of $37,000.00. Following the purchase, the insider now owns 77,934,616 shares in the company, valued at approximately $144,179,039.60. The trade was a 0.03 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders have bought 523,726 shares of company stock worth $1,016,690. Corporate insiders own 23.20% 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.