Compass Financial Management LLC Makes New $1.11 Million Investment in Sharplink Gaming Inc. $SBET

Compass Financial Management LLC purchased a new stake in Sharplink Gaming Inc. (NASDAQ:SBET) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 231,220 shares of the company’s stock, valued at approximately $1,110,000. Compass Financial Management LLC owned 0.11% of Sharplink Gaming at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Wolverine Asset Management LLC bought a new stake in Sharplink Gaming in the 4th quarter valued at approximately $4,398,000. Highbridge Capital Management LLC boosted its position in Sharplink Gaming by 5,947.5% during the 4th quarter. Highbridge Capital Management LLC now owns 512,764 shares of the company’s stock worth $4,584,000 after acquiring an additional 504,285 shares during the last quarter. Clear Street Group Inc. bought a new position in shares of Sharplink Gaming during the 4th quarter worth approximately $5,253,000. Boundless Plain Holdings Ltd bought a new position in shares of Sharplink Gaming during the 4th quarter worth approximately $8,150,000. Finally, Weiss Asset Management LP raised its holdings in shares of Sharplink Gaming by 19.1% in the first quarter. Weiss Asset Management LP now owns 3,042,548 shares of the company’s stock valued at $19,624,000 after purchasing an additional 488,247 shares during the last quarter. 13.75% of the stock is currently owned by institutional investors.

Sharplink Gaming Stock Performance

NASDAQ SBET opened at $7.91 on Monday. Sharplink Gaming Inc. has a 12 month low of $4.46 and a 12 month high of $21.03. The stock has a 50 day moving average of $5.87 and a 200-day moving average of $6.50. The company has a market cap of $1.72 billion, a PE ratio of 158.20 and a beta of 10.48.

Sharplink Gaming (NASDAQ:SBET) last issued its earnings results on Saturday, August 8th. The company reported ($1.88) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($1.89). The firm had revenue of $11.53 million for the quarter, compared to analyst estimates of $12.26 million. Sharplink Gaming had a negative return on equity of 33.40% and a negative net margin of 3,406.29%. As a group, sell-side analysts predict that Sharplink Gaming Inc. will post 0.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SBET has been the topic of a number of research reports. Weiss Ratings raised shares of Sharplink Gaming from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, July 6th. Cantor Fitzgerald decreased their target price on shares of Sharplink Gaming from $10.50 to $8.10 and set an “overweight” rating for the company in a research report on Wednesday, July 1st. Canaccord Genuity Group lowered their price target on shares of Sharplink Gaming from $16.00 to $8.00 and set a “buy” rating on the stock in a research note on Tuesday, August 18th. Alliance Global Partners restated a “buy” rating on shares of Sharplink Gaming in a research note on Monday, May 11th. Finally, Citizens Jmp decreased their price objective on Sharplink Gaming to $30.00 and set a “market outperform” rating for the company in a report on Thursday, July 9th. Nine 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. According to data from MarketBeat.com, Sharplink Gaming has an average rating of “Moderate Buy” and a consensus price target of $19.01.

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.