141,092 Shares in Sharplink Gaming Inc. $SBET Bought by Cresset Asset Management LLC

Cresset Asset Management LLC bought a new stake in Sharplink Gaming Inc. (NASDAQ:SBET) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 141,092 shares of the company’s stock, valued at approximately $2,400,000. Cresset Asset Management LLC owned about 0.07% of Sharplink Gaming as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. purchased a new position in shares of Sharplink Gaming in the 3rd quarter worth about $46,447,000. Marshall Wace LLP purchased a new position in shares of Sharplink Gaming during the 2nd quarter valued at about $26,852,000. CloudAlpha Capital Management Limited Hong Kong bought a new stake in Sharplink Gaming in the 3rd quarter worth approximately $30,812,000. Citigroup Inc. purchased a new stake in Sharplink Gaming in the third quarter worth approximately $27,560,000. Finally, APEIRON CAPITAL Ltd purchased a new stake in Sharplink Gaming in the third quarter worth approximately $23,038,000. Hedge funds and other institutional investors own 13.75% of the company’s stock.

Sharplink Gaming Stock Performance

Shares of SBET stock opened at $7.34 on Friday. Sharplink Gaming Inc. has a fifty-two week low of $2.26 and a fifty-two week high of $124.12. The stock has a 50 day moving average price of $8.46 and a two-hundred day moving average price of $12.02. The company has a market capitalization of $1.44 billion, a P/E ratio of -3.07 and a beta of 11.40.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Canaccord Genuity Group set a $16.00 price target on shares of Sharplink Gaming and gave the stock a “buy” rating in a research note on Thursday, January 29th. Wall Street Zen cut shares of Sharplink Gaming from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. B. Riley Financial reduced their target price on shares of Sharplink Gaming from $19.00 to $10.00 and set a “buy” rating on the stock in a report on Monday, February 23rd. Cantor Fitzgerald began 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. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Sharplink Gaming in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.14.

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.