Brokerages Set Sharplink Gaming Inc. (NASDAQ:SBET) PT at $40.80

Sharplink Gaming Inc. (NASDAQ:SBET) has earned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $40.80.

A number of research firms recently commented on SBET. Sanford C. Bernstein initiated coverage on shares of Sharplink Gaming in a research note on Friday, October 31st. They issued an “outperform” rating and a $24.00 price objective for the company. Citizens Jmp assumed coverage on Sharplink Gaming in a report on Thursday, October 16th. They issued a “mkt outperform” rating and a $50.00 target price for the company. Zacks Research raised Sharplink Gaming to a “hold” rating in a research report on Friday, October 17th. Alliance Global Partners started coverage on Sharplink Gaming in a report on Tuesday, August 26th. They set a “buy” rating and a $48.00 price target on the stock. Finally, JMP Securities started coverage on Sharplink Gaming in a research note on Thursday, October 16th. They issued a “market outperform” rating and a $50.00 price objective for the company.

Sharplink Gaming Price Performance

Shares of SBET opened at $10.29 on Friday. The company has a 50-day moving average of $15.04 and a two-hundred day moving average of $18.00. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of -2.05 and a beta of 9.98. Sharplink Gaming has a one year low of $2.26 and a one year high of $124.12.

Institutional Trading of Sharplink Gaming

Several institutional investors have recently made changes to their positions in the stock. Thames Capital Management LLC acquired a new position in Sharplink Gaming in the 2nd quarter worth about $1,566,000. APEIRON CAPITAL Ltd acquired a new stake in shares of Sharplink Gaming during the 3rd quarter valued at about $23,038,000. SLT Holdings LLC bought a new stake in shares of Sharplink Gaming in the 3rd quarter valued at approximately $435,000. Ethos Financial Group LLC acquired a new position in Sharplink Gaming in the third quarter worth approximately $248,000. Finally, SG Americas Securities LLC bought a new position in Sharplink Gaming during the third quarter valued at approximately $2,854,000. 13.75% of the stock is currently owned by institutional investors and hedge funds.

Sharplink Gaming Company Profile

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.