Collar Capital Management LLC Takes Position in Sharplink Gaming Inc. $SBET

Collar Capital Management LLC bought a new stake in Sharplink Gaming Inc. (NASDAQ:SBET) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 100,053 shares of the company’s stock, valued at approximately $1,702,000. Collar Capital Management LLC owned about 0.06% of Sharplink Gaming at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. NewEdge Advisors LLC purchased a new position in shares of Sharplink Gaming during the second quarter worth about $101,000. S.A. Mason LLC acquired a new stake in shares of Sharplink Gaming in the 3rd quarter valued at about $249,000. Qube Research & Technologies Ltd acquired a new stake in shares of Sharplink Gaming in the 2nd quarter valued at about $151,000. Generali Investments CEE investicni spolecnost a.s. purchased a new position in Sharplink Gaming during the 3rd quarter worth approximately $407,000. Finally, HUB Investment Partners LLC acquired a new position in Sharplink Gaming during the second quarter worth approximately $298,000. 13.75% of the stock is owned by hedge funds and other institutional investors.

Sharplink Gaming Stock Down 0.6%

NASDAQ SBET opened at $9.18 on Friday. The stock has a market capitalization of $1.81 billion, a P/E ratio of -3.84 and a beta of 10.98. Sharplink Gaming Inc. has a 52-week low of $2.26 and a 52-week high of $124.12. The firm has a 50-day moving average price of $11.27 and a 200 day moving average price of $16.04.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on SBET shares. Weiss Ratings reissued a “sell (d)” rating on shares of Sharplink Gaming in a report on Wednesday, October 8th. B. Riley decreased their price target on shares of Sharplink Gaming from $32.00 to $19.00 and set a “buy” rating for the company in a research note on Tuesday, November 18th. Citizens Jmp assumed coverage on shares of Sharplink Gaming in a research note on Thursday, October 16th. They issued a “mkt outperform” rating and a $50.00 price objective on the stock. JMP Securities began coverage on shares of Sharplink Gaming in a research note on Thursday, October 16th. They set a “market outperform” rating and a $50.00 target price for the company. Finally, Sanford C. Bernstein initiated coverage on Sharplink Gaming in a report on Friday, October 31st. They set an “outperform” rating and a $24.00 price target on the stock. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $38.20.

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.