XTX Topco Ltd Buys 92,189 Shares of Sharplink Gaming Inc. $SBET

XTX Topco Ltd raised its stake in shares of Sharplink Gaming Inc. (NASDAQ:SBET) by 509.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 110,270 shares of the company’s stock after buying an additional 92,189 shares during the period. XTX Topco Ltd owned about 0.11% of Sharplink Gaming worth $1,095,000 as of its most recent SEC filing.

Separately, Thames Capital Management LLC purchased a new position in shares of Sharplink Gaming in the 2nd quarter worth $1,566,000. Institutional investors and hedge funds own 13.75% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on SBET shares. JMP Securities started coverage on Sharplink Gaming in a research report on Thursday, October 16th. They set a “market outperform” rating and a $50.00 price objective for the company. Citizens Jmp started coverage on Sharplink Gaming in a research note on Thursday, October 16th. They set a “mkt outperform” rating and a $50.00 price target for the company. B. Riley reduced their price target on shares of Sharplink Gaming from $32.00 to $19.00 and set a “buy” rating for the company in a research report on Tuesday, November 18th. Zacks Research raised shares of Sharplink Gaming to a “hold” rating in a report on Friday, October 17th. Finally, Sanford C. Bernstein began coverage on shares of Sharplink Gaming in a research report on Friday, October 31st. They set an “outperform” rating and a $24.00 target price for the company. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $38.20.

Sharplink Gaming Stock Up 4.2%

NASDAQ SBET opened at $10.69 on Friday. The stock’s 50-day moving average price is $13.80 and its 200-day moving average price is $18.30. Sharplink Gaming Inc. has a 52 week low of $2.26 and a 52 week high of $124.12. The company has a market capitalization of $2.10 billion, a P/E ratio of -4.47 and a beta of 9.98.

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.