118,790 Shares in Sharplink Gaming Inc. $SBET Bought by Hound Partners LLC

Hound Partners LLC purchased a new position in shares of Sharplink Gaming Inc. (NASDAQ:SBET) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 118,790 shares of the company’s stock, valued at approximately $2,021,000. Sharplink Gaming accounts for about 0.3% of Hound Partners LLC’s portfolio, making the stock its 28th biggest holding. Hound Partners LLC owned about 0.06% of Sharplink Gaming at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in SBET. Vanguard Group Inc. acquired a new position in shares of Sharplink Gaming in the third quarter valued at about $46,447,000. Marshall Wace LLP purchased a new stake in Sharplink Gaming in the second quarter valued at approximately $26,852,000. CloudAlpha Capital Management Limited Hong Kong purchased a new stake in Sharplink Gaming in the third quarter valued at approximately $30,812,000. Citigroup Inc. acquired a new position in Sharplink Gaming in the 3rd quarter worth approximately $27,560,000. Finally, BNP Paribas Financial Markets purchased a new position in Sharplink Gaming during the 3rd quarter worth approximately $25,084,000. Hedge funds and other institutional investors own 13.75% of the company’s stock.

Sharplink Gaming Trading Up 0.7%

Shares of NASDAQ:SBET opened at $7.53 on Monday. Sharplink Gaming Inc. has a 12-month low of $2.26 and a 12-month high of $124.12. The business has a 50 day moving average of $8.31 and a two-hundred day moving average of $11.54. The company has a market capitalization of $1.48 billion, a PE ratio of -3.15 and a beta of 11.40.

Sharplink Gaming (NASDAQ:SBET) last issued its quarterly earnings data on Monday, March 9th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.11. The business had revenue of $13.31 million for the quarter, compared to analysts’ expectations of $17.19 million. Sharplink Gaming had a negative net margin of 2,618.38% and a negative return on equity of 50.72%.

Wall Street Analysts Forecast Growth

Several analysts have commented on SBET shares. Weiss Ratings restated a “sell (d)” rating on shares of Sharplink Gaming in a research note on Thursday, January 22nd. Citizens Jmp cut their price objective on shares of Sharplink Gaming from $50.00 to $40.00 and set a “market outperform” rating on the stock in a research note on Wednesday, March 11th. Wall Street Zen upgraded shares of Sharplink Gaming from a “sell” rating to a “hold” rating in a research note on Saturday. 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. Finally, B. Riley Financial lowered their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $24.71.

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.