Sharplink Gaming Inc. (NASDAQ:SBET) Receives $38.20 Consensus PT from Brokerages

by · The Cerbat Gem

Shares of Sharplink Gaming Inc. (NASDAQ:SBET – Get Free Report) have received a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $34.3333.

A number of equities analysts have recently issued reports on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Sharplink Gaming in a research note on Wednesday, October 8th. Citizens Jmp initiated coverage on shares of Sharplink Gaming in a research note on Thursday, October 16th. They issued a “mkt outperform” rating and a $50.00 target price on the stock. Zacks Research raised shares of Sharplink Gaming to a “hold” rating in a research report on Friday, October 17th. JMP Securities initiated coverage on shares of Sharplink Gaming in a research note on Thursday, October 16th. They set a “market outperform” rating and a $50.00 price target for the company. Finally, Cantor Fitzgerald began coverage on Sharplink Gaming in a report on Monday. They set an “overweight” rating and a $15.00 price objective on the stock.

Read Our Latest Stock Report on Sharplink Gaming

Institutional Investors Weigh In On Sharplink Gaming

Several institutional investors and hedge funds have recently made changes to their positions in SBET. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Sharplink Gaming during the 3rd quarter worth about $49,000. IFP Advisors Inc acquired a new stake in shares of Sharplink Gaming during the third quarter worth approximately $102,000. Global Retirement Partners LLC bought a new position in shares of Sharplink Gaming in the third quarter valued at approximately $103,000. Highbridge Capital Management LLC acquired a new position in shares of Sharplink Gaming in the 3rd quarter worth approximately $144,000. Finally, PFG Investments LLC acquired a new position in shares of Sharplink Gaming in the 3rd quarter worth approximately $171,000. Institutional investors and hedge funds own 13.75% of the company’s stock.

Sharplink Gaming Trading Up 0.7%

SBET opened at $10.34 on Friday. The stock’s 50 day simple moving average is $10.52 and its 200-day simple moving average is $15.40. The stock has a market cap of $2.03 billion, a PE ratio of -4.33 and a beta of 11.12. Sharplink Gaming has a 1 year low of $2.26 and a 1 year high of $124.12.

About Sharplink Gaming

(Get Free Report)

SharpLink Gaming, Inc operates as an online technology company that connects sports fans, leagues, and sports websites to sports betting and iGaming content. The company operates through four segments: Affiliate Marketing Services United States, Affiliate Marketing Services International, Sports Gaming Client Services, and SportsHub Games Network. It operates a performance marketing platform, which owns and operates state-specific web domains to attract, acquire, and drive local sports betting and casino traffic directly to the company's sportsbook and casino partners, which are licensed to operate in each respective state; and offers sports betting data to sports media publishers.

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