MAMO
Massimo GroupMAMO
MAMO
About: Massimo Group is engaged in the mid-tier band the (Mid-Tier Band) of the Powersports Vehicles and Boats Industry. It manufacture, import and distribute a diversified portfolio of products divided into two main lines: a motor sports brand consisting of utility terrain vehicles (UTVs), all-terrain vehicles (ATVs), motorcycles, scooters, golf carts and a juvenile line from go karts to balance bikes; and a motor boat line consisting of pontoon and tritoon boats (Pontoon Boats).
Employees: 122
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
0% less ownership
Funds ownership: 0.03% [Q2] → 0.03% (-0%) [Q3]
6% less capital invested
Capital invested by funds: $44.1K [Q2] → $41.5K (-$2.58K) [Q3]
50% less funds holding
Funds holding: 2 [Q2] → 1 (-1) [Q3]
50% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 2
Research analyst outlook
We haven’t received any recent analyst ratings for MAMO.
Financial journalist opinion
Based on 4 articles about MAMO published over the past 30 days
Neutral
PRNewsWire
3 days ago
Massimo Motor Introduces MVR HVAC Golf Cart and Utility Carts: Revolutionizing Comfort and Functionality in Electric Carts
Fully Enclosed Cabs Equipped with Heating and Air Conditioning Ensure Usability and Protection in all Weather Conditions GARLAND, Texas , Dec. 18, 2024 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, today announced the launch of the MVR HVAC Golf Cart and MVR HVAC Utility Carts, the latest additions to the popular MVR Series of electric carts. Designed to deliver exceptional comfort and performance, these models feature fully enclosed cabs equipped with heating and air conditioning, ensuring usability and protection in all weather conditions.
Neutral
Newsfile Corp
2 weeks ago
Riding the Wave of an Electric Boat Future- Collaborations Key to Success
Vancouver, Kelowna, and Delta, British Columbia--(Newsfile Corp. - December 3, 2024) - Investorideas.com, a go-to investing platform covering electric vehicle stocks issues a snapshot on the future of the electric boating market and some of the partnerships moving the sector forward, featuring Vision Marine Technologies Inc. (NASDAQ: VMAR), a pioneer in electric marine propulsion. Read the full article on Investorideas.com https://www.investorideas.com/News/2024/renewable-energy/12030Electric-Boat.asp According to a recent study by Future Market Insights, "The global electric boats market is on a rapid growth trajectory, expected to expand at a Compound Annual Growth Rate (CAGR) of 10.4% from 2023 to 2033.
Neutral
PRNewsWire
2 weeks ago
Massimo Marine and Vision Marine Technologies Announce Production Partnership for First Commercial Electric Pontoon Platform
Fully Integrated 30-foot Electric Pontoon Platform Designed for Commercial and Recreational Markets Showcases Commitment to Innovation and Sustainability GARLAND, Texas , Dec. 2, 2024 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, today announced the Company's marine division, Massimo Marine, entered into a partnership with Vision Marine Technologies Inc (Nasdaq: VMAR) ("Vision Marine"), a pioneer in electric marine propulsion. This collaboration will produce a fully integrated 30-foot electric pontoon platform designed for commercial and recreational markets.
Neutral
PRNewsWire
3 weeks ago
Massimo Launches Electric MVR Series Golf and Utility Carts: Meeting the Growing Demand for Low-Speed Electric Vehicles
Industry-Leading Features Tailored to Meet the Increasing Demand for Eco-Friendly, Versatile Solutions for Recreation and Work GARLAND, Texas , Nov. 25, 2024 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, today announced the launch of its new MVR Series electric carts, featuring the MVR 2X Golf Cart and the MVR Cargo Max Utility Cart. These high-performance electric vehicles are tailored to meet the increasing demand for low-speed electric vehicles (LSVs) that offer versatility for both recreational and professional use.
Neutral
PRNewsWire
1 month ago
Massimo Launches the All-New 2025 Buck 550-6 Crew UTV: Redefining Value in the Powersports Market
Sets a New Standard in the Industry for Comfort, Functionality, and Affordability in the Six-Seater UTV market GARLAND, Texas , Nov. 21, 2024 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, today announced the launch of its latest 2025 UTV model, the Buck 550-6 Crew, specifically designed to meet the needs of families and outdoor enthusiasts, or light-duty work around a property. The newly redesigned Buck 550-6 Crew UTV sets a new standard for comfort, functionality, and affordability in the six-seater UTV market.
Neutral
PRNewsWire
1 month ago
Massimo Announces Expansion of Successful Partnership with Rural King for 2025
Expanded Massimo Lineup of UTVs, ATVs, Go-Karts, Golf Carts and Mini Bikes to be Available Online at Rural King's Website and in Select Stores Throughout 2025 GARLAND, Texas , Nov. 18, 2024 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, today announced the expansion of its successful retail partnership with Rural King, a leading farm and home store with locations across the U.S. After an outstanding year offering Massimo Motor's selection of go-karts to Rural King customers, both companies are excited to expand this partnership in 2025. The expanded program will introduce a wider range of Massimo products available both online and in-store, including UTVs, ATVs, go-karts, golf carts, and mini bikes.
Neutral
PRNewsWire
1 month ago
Massimo Group Reports Third Quarter 2024 Financial Results
Year-to-Date 2024 Revenue Increases 20.8% YoY to $91.2 Million New Production, Product and Sales Initiatives Driving Motor Vehicle Growth GARLAND, Texas , Nov. 15, 2024 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, has reported its financial and operational results for the third quarter ended September 30, 2024. Key Financial Q3 2024 and Subsequent Operational Highlights and Business Updates ($ millions) Nine Month Comparison Q3 Comparison 9M 2024 9M 2023 $ ChangeYoY % ChangeYoY Q3 2024 Q3 2023 $ ChangeYoY % ChangeYoY Revenue $91.2 $75.5 $15.7 20.8 % $25.6 $29.9 ($4.3) (14.4 %) Gross Profit $28.9 $23.8 $5.1 21.6 % $7.0 $10.1 ($3.1) (30.9 %) Gross Margin 31.7 % 31.5 % 21 bps 27.2 % 33.6 % (647) bps Net Income $3.5 $6.6 ($3.1) (46.9 %) ($2.5) $4.0 ($6.5) (163.2 %) 9M 2024 revenue increased 20.8% to $91.2 million compared to $75.5 million in 9M 2023.
Neutral
Zacks Investment Research
1 month ago
Masimo's Q3 Earnings Rise Y/Y, Healthcare Demand Drives Growth
MAMO sees a 30.7% increase in non-GAAP operating income in Q3 2024. Healthcare segment revenues increase 11.5%, driving overall growth amid strategic shifts.
Negative
Zacks Investment Research
1 month ago
Zacks Initiates Coverage of Massimo With Neutral Recommendation
Explore why Zacks has given Massimo a "Neutral" rating, being the first on Wall Street to initiate coverage on the stock. Uncover insights into Massimo's product launches, automation upgrades, and retail partnerships, as well as challenges it faces from supply chain risks and competitive pressures.
Neutral
PRNewsWire
1 month ago
Massimo Demonstrates Innovation and Growth Potential at the 2024 Equip Expo in Louisville, KY
Strong Interest in Motor Sports Vehicles at Expo Highlights Strategic Business Expansion and Growth Opportunities in 2025 GARLAND, Texas , Oct. 24, 2024 /PRNewswire/ -- Massimo Group (NASDAQ: MAMO) ("Massimo"), a manufacturer and distributor of powersports vehicles and pontoon boats, made a notable impact at this year's Equip Exposition, the largest annual gathering for professionals in landscaping, hardscaping, and contracting, showcasing Massimo Motor's lineup of rugged, versatile vehicles. Every October, landscapers, hardscapers, manufacturers, contractors, and dealers travel to Louisville, Kentucky, to network with other professionals and to test-drive the latest products.
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