Sharplink Gaming Inc. $SBET Position Lifted by BIT Capital GmbH

BIT Capital GmbH raised its stake in Sharplink Gaming Inc. (NASDAQ:SBET) by 103.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 1,215,819 shares of the company’s stock after acquiring an additional 618,508 shares during the period. BIT Capital GmbH’s holdings in Sharplink Gaming were worth $20,681,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. acquired a new position in Sharplink Gaming in the third quarter worth about $46,447,000. Marshall Wace LLP acquired a new position in shares of Sharplink Gaming in the 2nd quarter worth approximately $26,852,000. CloudAlpha Capital Management Limited Hong Kong bought a new stake in shares of Sharplink Gaming in the 3rd quarter valued at approximately $30,812,000. APEIRON CAPITAL Ltd acquired a new stake in shares of Sharplink Gaming during the 3rd quarter valued at approximately $23,038,000. Finally, Anatole Investment Management Ltd bought a new position in Sharplink Gaming during the second quarter worth $6,332,000. Institutional investors own 13.75% of the company’s stock.

Sharplink Gaming Price Performance

NASDAQ SBET opened at $6.80 on Friday. Sharplink Gaming Inc. has a 12 month low of $2.26 and a 12 month high of $124.12. The firm has a market capitalization of $1.34 billion, a PE ratio of -2.85 and a beta of 11.28. The company’s 50 day simple moving average is $8.95 and its 200 day simple moving average is $13.18.

Wall Street Analyst Weigh In

SBET has been the subject of several recent research reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Sharplink Gaming in a research note on Thursday, January 22nd. Sanford C. Bernstein started coverage on shares of Sharplink Gaming in a research report on Friday, October 31st. They set an “outperform” rating and a $24.00 price objective for the company. Canaccord Genuity Group set a $16.00 target price on shares of Sharplink Gaming and gave the stock a “buy” rating in a report on Thursday, January 29th. Cantor Fitzgerald assumed coverage on Sharplink Gaming in a report on Monday, January 5th. They set an “overweight” rating and a $15.00 target price for the company. Finally, iA Financial set a $20.00 price target on Sharplink Gaming in a research report on Wednesday, January 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Sharplink Gaming presently has an average rating of “Moderate Buy” and a consensus target price of $27.43.

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.