Sharplink Gaming Inc. (NASDAQ:SBET) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Analysts give Sharplink Gaming a consensus rating of “Moderate Buy” from eight analysts (6 buys, 1 hold, 1 sell), with an average 1‑year price target of $24.71.
• Shares opened at $7.68 with a 52‑week range of $2.26–$124.12 and a market cap of ~$1.51B; the company reported quarterly EPS of $0.06 (beating estimates) but revenue missed at $13.31M and net margins remain deeply negative.
• Institutional interest increased in Q4—Invesco and Voloridge notably added large stakes—though institutional investors own only about 13.75% of the stock.

Sharplink Gaming Inc. (NASDAQ:SBET - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the eight analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $24.7143.

Several research firms recently commented on SBET. Weiss Ratings restated a "sell (d)" rating on shares of Sharplink Gaming in a research report on Thursday, January 22nd. iA Financial set a $20.00 target price on shares of Sharplink Gaming in a research note on Wednesday, January 7th. Wall Street Zen upgraded Sharplink Gaming from a "sell" rating to a "hold" rating in a research report on Saturday, March 14th. Citizens Jmp dropped their price objective on Sharplink Gaming from $50.00 to $40.00 and set a "market outperform" rating on the stock in a report on Wednesday, March 11th. Finally, Cantor Fitzgerald assumed coverage on shares of Sharplink Gaming in a research report on Monday, January 5th. They issued an "overweight" rating and a $15.00 target price on the stock.

Sharplink Gaming Stock Performance

Shares of SBET stock opened at $7.68 on Friday. Sharplink Gaming has a 52-week low of $2.26 and a 52-week high of $124.12. The firm has a market capitalization of $1.51 billion, a P/E ratio of -3.21 and a beta of 11.40. The stock has a 50 day moving average price of $8.13 and a 200 day moving average price of $11.35.

Sharplink Gaming (NASDAQ:SBET - Get Free Report) last issued its quarterly earnings results on Monday, March 9th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.11. The business had revenue of $13.31 million during the quarter, compared to the consensus estimate of $17.19 million. Sharplink Gaming had a negative return on equity of 50.72% and a negative net margin of 2,618.38%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Invesco Ltd. raised its holdings in Sharplink Gaming by 165.9% in 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 last quarter. Empowered Funds LLC acquired a new stake in shares of Sharplink Gaming during the fourth quarter worth about $56,000. XTX Topco Ltd purchased a new stake in shares of Sharplink Gaming in the 4th quarter valued at about $871,000. Voloridge Investment Management LLC boosted its position in shares of Sharplink Gaming by 344.4% in the 4th quarter. Voloridge Investment Management LLC now owns 2,711,424 shares of the company's stock valued at $24,240,000 after purchasing an additional 2,101,252 shares during the period. Finally, Torno Capital LLC purchased a new position in Sharplink Gaming during the 4th quarter worth approximately $1,480,000. 13.75% of the stock is owned by institutional investors and hedge funds.

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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