Sharplink Gaming (NASDAQ:SBET) Now Covered by Cantor Fitzgerald

Cantor Fitzgerald assumed coverage on shares of Sharplink Gaming (NASDAQ:SBET) in a report released on Monday, Marketbeat.com reports. The brokerage issued an overweight rating and a $15.00 price target on the stock.

A number of other equities research analysts have also recently issued reports on SBET. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Sharplink Gaming in a report on Wednesday, October 8th. 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 on the stock. Sanford C. Bernstein assumed coverage on Sharplink Gaming in a research report on Friday, October 31st. They issued an “outperform” rating and a $24.00 price objective for the company. B. Riley reduced their target price on Sharplink Gaming from $32.00 to $19.00 and set a “buy” rating for the company in a research note on Tuesday, November 18th. Finally, Citizens Jmp started coverage on Sharplink Gaming in a research note on Thursday, October 16th. They issued a “mkt outperform” rating and a $50.00 price target on the stock. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $34.33.

Sharplink Gaming Trading Up 6.0%

Shares of SBET opened at $10.27 on Monday. The company’s fifty day simple moving average is $10.59 and its 200 day simple moving average is $15.39. Sharplink Gaming has a 1-year low of $2.26 and a 1-year high of $124.12. The company has a market cap of $2.02 billion, a price-to-earnings ratio of -4.30 and a beta of 11.12.

Institutional Trading of Sharplink Gaming

Several hedge funds have recently added to or reduced their stakes in SBET. Caitong International Asset Management Co. Ltd acquired a new position in Sharplink Gaming in the 3rd quarter valued at $49,000. NewEdge Advisors LLC bought a new stake in shares of Sharplink Gaming in the second quarter valued at about $101,000. IFP Advisors Inc acquired a new position in shares of Sharplink Gaming in the third quarter valued at about $102,000. Global Retirement Partners LLC bought a new position in Sharplink Gaming during the third quarter worth about $103,000. Finally, Highbridge Capital Management LLC acquired a new stake in Sharplink Gaming in the 3rd quarter worth about $144,000. 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.