Golden Matrix Group (GMGI)

• Market cap: $267M
• 1 day: 6.32%
• 5 days: 5.21%
• 1 month: -1.46%
• 3 months: -7.76%
• 6 months: -14.41%
• Year to date: -1.46%
• 1 year: -31.53%
• 5 years: -76.67%
• 10 years: -76.67%
• Sector: Communication Services
• Industry: Electronic Gaming & Multimedia

About: Golden Matrix Group Inc is an established gaming technology company. The company develops and owns online gaming IP and builds configurable and scalable white-label social gaming platforms for its international customers. The company operates in three reportable segments; MeridianBet Group, GMAG, RKings & CFAC. The MeridianBet Group segment earns majority revenue. The company operates in UK, Europe, Asia Pacific, Central and South America, Australia and Africa. It offers configurable and scalable iGaming platforms and operate some of the industry's iconic brands, including MexPlay, GM-AG, and others.

Employees: 1,200

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

157% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 7

40% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 5

5% more funds holding

Funds holding: 41 [Q3] → 43 (+2) [Q4]

0.04% more ownership

Funds ownership: 2.58% [Q3] → 2.62% (+0.04%) [Q4]

9% less capital invested

Capital invested by funds: $7.36M [Q3] → $6.68M (-$682K) [Q4]

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $25K

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $4 98% upside
• Avg. target: $4 98% upside
• High target: $4 98% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

Maxim Group Jack Vander Aarde 13% 1-year accuracy 1 / 8 met price target

98% upside $4

Buy Initiated

21 Feb 2025