Bank of America Corp DE lifted its position in Sharplink Gaming Inc. (NASDAQ:SBET - Free Report) by 56.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,275,442 shares of the company's stock after acquiring an additional 460,991 shares during the period. Bank of America Corp DE owned 0.65% of Sharplink Gaming worth $8,227,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Alyeska Investment Group L.P. raised its holdings in Sharplink Gaming by 70.8% in the fourth quarter. Alyeska Investment Group L.P. now owns 4,268,673 shares of the company's stock worth $38,162,000 after purchasing an additional 1,769,589 shares in the last quarter. Weiss Asset Management LP lifted its position in Sharplink Gaming by 19.1% during the 1st quarter. Weiss Asset Management LP now owns 3,042,548 shares of the company's stock valued at $19,624,000 after acquiring an additional 488,247 shares during the period. Invesco Ltd. lifted its position in Sharplink Gaming by 165.9% during the 4th quarter. Invesco Ltd. now owns 2,734,052 shares of the company's stock valued at $24,442,000 after acquiring an additional 1,706,011 shares during the period. Vanguard Group Inc. bought a new stake in Sharplink Gaming during the third quarter worth about $46,447,000. Finally, Voloridge Investment Management LLC grew its holdings in Sharplink Gaming by 344.4% in the fourth quarter. Voloridge Investment Management LLC now owns 2,711,424 shares of the company's stock worth $24,240,000 after purchasing an additional 2,101,252 shares during the period. Hedge funds and other institutional investors own 13.75% of the company's stock.
Sharplink Gaming Price Performance
Shares of NASDAQ:SBET opened at $8.27 on Tuesday. The company has a market capitalization of $1.80 billion, a P/E ratio of 165.40 and a beta of 10.48. Sharplink Gaming Inc. has a 1-year low of $4.46 and a 1-year high of $20.41. The firm's 50 day simple moving average is $5.92 and its two-hundred day simple moving average is $6.51.
Sharplink Gaming (NASDAQ:SBET - Get Free Report) last issued its earnings results on Saturday, August 8th. The company reported ($1.88) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($1.89). Sharplink Gaming had a negative return on equity of 33.40% and a negative net margin of 3,406.29%.The firm had revenue of $11.53 million during the quarter, compared to the consensus estimate of $12.26 million. On average, sell-side analysts anticipate that Sharplink Gaming Inc. will post 0.09 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several equities research analysts have commented on the company. Citizens Jmp dropped their target price on Sharplink Gaming to $30.00 and set a "market outperform" rating on the stock in a report on Thursday, July 9th. Wall Street Zen downgraded Sharplink Gaming from a "hold" rating to a "strong sell" rating in a report on Saturday. Cantor Fitzgerald dropped their price target on shares of Sharplink Gaming from $10.50 to $8.10 and set an "overweight" rating on the stock in a research note on Wednesday, July 1st. Alliance Global Partners reissued a "buy" rating on shares of Sharplink Gaming in a research report on Monday, May 11th. Finally, Weiss Ratings upgraded shares of Sharplink Gaming from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Monday, July 6th. Nine investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $19.01.
Check Out Our Latest Analysis on Sharplink Gaming
Sharplink Gaming Profile
(
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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