Fieldview Capital Management LLC Acquires New Shares in Sharplink Gaming Inc. $SBET

Fieldview Capital Management LLC acquired a new position in Sharplink Gaming Inc. (NASDAQ:SBET) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 86,951 shares of the company’s stock, valued at approximately $1,479,000.

A number of other hedge funds have also bought and sold shares of SBET. Global Retirement Partners LLC purchased a new stake in shares of Sharplink Gaming during the 3rd quarter valued at about $103,000. Highbridge Capital Management LLC bought a new stake in shares of Sharplink Gaming in the third quarter worth approximately $144,000. PFG Investments LLC purchased a new position in shares of Sharplink Gaming during the third quarter valued at approximately $171,000. Insigneo Advisory Services LLC purchased a new position in shares of Sharplink Gaming during the third quarter valued at approximately $173,000. Finally, NewEdge Advisors LLC bought a new position in Sharplink Gaming during the second quarter valued at approximately $101,000. Hedge funds and other institutional investors own 13.75% of the company’s stock.

Sharplink Gaming Stock Performance

Shares of Sharplink Gaming stock opened at $7.60 on Tuesday. Sharplink Gaming Inc. has a fifty-two week low of $2.26 and a fifty-two week high of $124.12. The company has a market capitalization of $1.49 billion, a P/E ratio of -3.18 and a beta of 11.40. The company has a fifty day moving average of $8.43 and a 200 day moving average of $11.89.

Sharplink Gaming (NASDAQ:SBET) last posted its quarterly earnings results on Monday, March 9th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.11. Sharplink Gaming had a negative return on equity of 2.26% and a negative net margin of 7.86%.The business had revenue of $13.31 million for the quarter, compared to analysts’ expectations of $17.19 million.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on SBET shares. B. Riley Financial dropped 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. Wall Street Zen lowered shares of Sharplink Gaming from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Canaccord Genuity Group set a $16.00 price target on Sharplink Gaming and gave the company a “buy” rating in a report on Thursday, January 29th. Cantor Fitzgerald assumed coverage on Sharplink Gaming in a research note on Monday, January 5th. They issued an “overweight” rating and a $15.00 price target on the stock. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Sharplink Gaming in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Sharplink Gaming currently has an average rating of “Moderate Buy” and an average price target of $26.14.

Sharplink Gaming 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. 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.