Wealth Enhancement Advisory Services LLC Takes Position in Sharplink Gaming Inc. $SBET

Wealth Enhancement Advisory Services LLC acquired a new position in Sharplink Gaming Inc. (NASDAQ:SBET) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 123,240 shares of the company’s stock, valued at approximately $2,190,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Marshall Wace LLP bought a new stake in Sharplink Gaming during the second quarter valued at approximately $26,852,000. APEIRON CAPITAL Ltd bought a new stake in shares of Sharplink Gaming during the 3rd quarter worth $23,038,000. Anatole Investment Management Ltd bought a new stake in shares of Sharplink Gaming during the 2nd quarter worth $6,332,000. JPMorgan Chase & Co. purchased a new position in Sharplink Gaming in the second quarter worth $3,229,000. Finally, SG Americas Securities LLC bought a new position in Sharplink Gaming in the third quarter valued at $2,854,000. 13.75% of the stock is owned by hedge funds and other institutional investors.

Sharplink Gaming Trading Down 6.0%

NASDAQ SBET opened at $9.37 on Friday. The firm has a market cap of $1.84 billion, a PE ratio of -3.92 and a beta of 11.12. Sharplink Gaming Inc. has a 1-year low of $2.26 and a 1-year high of $124.12. The stock has a 50-day moving average of $10.03 and a 200-day moving average of $15.05.

Analyst Ratings Changes

A number of equities research analysts have weighed in on SBET shares. Sanford C. Bernstein began coverage on Sharplink Gaming in a research report on Friday, October 31st. They set an “outperform” rating and a $24.00 price target on the stock. Citizens Jmp initiated coverage on Sharplink Gaming in a report on Thursday, October 16th. They set a “mkt outperform” rating and a $50.00 price objective on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Sharplink Gaming in a research report on Thursday, January 22nd. Zacks Research raised Sharplink Gaming to a “hold” rating in a research note on Friday, October 17th. Finally, Cantor Fitzgerald assumed coverage on shares of Sharplink Gaming in a research note on Monday, January 5th. They set an “overweight” rating and a $15.00 price target on the stock. Six equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Sharplink Gaming currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.25.

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.