Collar Capital Management LLC Makes New Investment in Sharplink Gaming Inc. $SBET

Collar Capital Management LLC bought a new stake in Sharplink Gaming Inc. (NASDAQ:SBET) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 100,053 shares of the company’s stock, valued at approximately $1,702,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. NewEdge Advisors LLC purchased a new position in shares of Sharplink Gaming in the 2nd quarter valued at about $101,000. S.A. Mason LLC acquired a new position in Sharplink Gaming during the third quarter worth about $249,000. Qube Research & Technologies Ltd acquired a new position in Sharplink Gaming during the second quarter worth about $151,000. Generali Investments CEE investicni spolecnost a.s. purchased a new position in Sharplink Gaming in the third quarter valued at about $407,000. Finally, HUB Investment Partners LLC acquired a new stake in shares of Sharplink Gaming during the 2nd quarter valued at approximately $298,000. 13.75% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on SBET shares. B. Riley lowered their price target on Sharplink Gaming from $32.00 to $19.00 and set a “buy” rating on the stock in a report on Tuesday, November 18th. Zacks Research raised Sharplink Gaming to a “hold” rating in a report on Friday, October 17th. Weiss Ratings restated a “sell (d)” rating on shares of Sharplink Gaming in a research report on Wednesday, October 8th. Sanford C. Bernstein began coverage on shares of Sharplink Gaming in a research report on Friday, October 31st. They issued an “outperform” rating and a $24.00 price objective on the stock. Finally, Citizens Jmp began coverage on shares of Sharplink Gaming in a research note on Thursday, October 16th. They issued a “mkt outperform” rating and a $50.00 price objective on the stock. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.20.

Sharplink Gaming Stock Down 0.6%

Shares of NASDAQ:SBET opened at $9.18 on Friday. The company has a market capitalization of $1.81 billion, a P/E ratio of -3.84 and a beta of 10.98. Sharplink Gaming Inc. has a 52-week low of $2.26 and a 52-week high of $124.12. The stock’s fifty day simple moving average is $11.27 and its 200-day simple moving average is $16.04.

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.