Wolverine Asset Management LLC Makes New Investment in Sharplink Gaming Inc. $SBET

Key Points

• Wolverine Asset Management bought 491,974 shares of Sharplink Gaming (~$4.40M), representing about 0.25% of the company, while other institutions (including JPMorgan and Anatole) also opened positions, leaving institutional ownership at 13.75%.
• Sell‑side sentiment is largely positive — 1 Strong Buy, 7 Buy, 1 Hold and 1 Sell — giving a consensus rating of “Moderate Buy” with an average target price of $22.11.
• Sharplink reported quarterly EPS of $0.06 (beating -$0.05 estimates) but revenue missed at $13.31M versus $17.19M; the stock trades around $7.57 (market cap ~$1.49B) and has shown extreme 12‑month volatility ($2.41–$124.12).

Wolverine Asset Management LLC bought a new position in Sharplink Gaming Inc. (NASDAQ:SBET - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 491,974 shares of the company's stock, valued at approximately $4,398,000. Wolverine Asset Management LLC owned approximately 0.25% of Sharplink Gaming as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in SBET. JPMorgan Chase & Co. bought a new position in shares of Sharplink Gaming in the second quarter worth approximately $3,229,000. Qube Research & Technologies Ltd bought a new position in shares of Sharplink Gaming in the second quarter worth approximately $151,000. NewEdge Advisors LLC bought a new position in shares of Sharplink Gaming in the second quarter worth approximately $101,000. HUB Investment Partners LLC bought a new position in shares of Sharplink Gaming in the second quarter worth approximately $298,000. Finally, Anatole Investment Management Ltd bought a new position in shares of Sharplink Gaming in the second quarter worth approximately $6,332,000. Institutional investors own 13.75% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on SBET. HC Wainwright began coverage on shares of Sharplink Gaming in a research note on Tuesday, April 7th. They issued a "buy" rating and a $10.00 target price on the stock. Canaccord Genuity Group reiterated a "buy" rating and issued a $16.00 target price on shares of Sharplink Gaming in a research note on Tuesday, March 17th. Cantor Fitzgerald upgraded shares of Sharplink Gaming to a "strong-buy" rating in a research note on Thursday, April 9th. TD Cowen began coverage on shares of Sharplink Gaming in a research note on Friday, April 10th. They issued a "buy" rating and a $16.00 target price on the stock. Finally, Wall Street Zen upgraded shares of Sharplink Gaming from a "sell" rating to a "hold" rating in a research note on Saturday, March 14th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Sharplink Gaming has an average rating of "Moderate Buy" and a consensus target price of $22.11.

Sharplink Gaming Stock Up 3.8%

Shares of Sharplink Gaming stock opened at $7.57 on Tuesday. The company has a market cap of $1.49 billion, a price-to-earnings ratio of -3.17 and a beta of 10.69. The company's 50 day moving average is $7.15 and its 200 day moving average is $9.18. Sharplink Gaming Inc. has a twelve month low of $2.41 and a twelve month high of $124.12.

Sharplink Gaming (NASDAQ:SBET - Get Free Report) last issued its quarterly earnings data on Friday, March 6th. The company reported $0.06 earnings per share for the quarter, beating analysts' consensus estimates of ($0.05) by $0.11. The company had revenue of $13.31 million for the quarter, compared to the consensus estimate of $17.19 million. Sharplink Gaming had a negative net margin of 2,618.38% and a negative return on equity of 50.72%. Sell-side analysts expect that Sharplink Gaming Inc. will post 0.1 EPS for the current fiscal year.

About Sharplink Gaming

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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