Wealth Enhancement Advisory Services LLC Acquires Shares of 123,240 Sharplink Gaming Inc. $SBET

Wealth Enhancement Advisory Services LLC bought a new position in Sharplink Gaming Inc. (NASDAQ:SBET) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 123,240 shares of the company’s stock, valued at approximately $2,190,000. Wealth Enhancement Advisory Services LLC owned about 0.06% of Sharplink Gaming at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in SBET. Global Retirement Partners LLC bought a new position in shares of Sharplink Gaming during the 3rd quarter worth $103,000. NewEdge Advisors LLC purchased a new stake in Sharplink Gaming during the second quarter valued at about $101,000. Ethos Financial Group LLC bought a new position in Sharplink Gaming during the third quarter worth about $248,000. S.A. Mason LLC bought a new position in Sharplink Gaming during the third quarter worth about $249,000. Finally, Qube Research & Technologies Ltd purchased a new position in shares of Sharplink Gaming in the second quarter worth about $151,000. Hedge funds and other institutional investors own 13.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SBET. B. Riley lowered their price target on shares of Sharplink Gaming from $32.00 to $19.00 and set a “buy” rating on the stock in a research report on Tuesday, November 18th. JMP Securities started coverage on shares of Sharplink Gaming in a report on Thursday, October 16th. They set a “market outperform” rating and a $50.00 target price on the stock. Canaccord Genuity Group set a $16.00 target price on Sharplink Gaming and gave the stock a “buy” rating in a research report on Thursday. Cantor Fitzgerald initiated coverage on Sharplink Gaming in a research report on Monday, January 5th. They issued an “overweight” rating and a $15.00 price target for the company. Finally, Zacks Research upgraded Sharplink Gaming to a “hold” rating in a research note on Friday, October 17th. Six research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sharplink Gaming presently has an average rating of “Moderate Buy” and an average target price of $30.25.

Sharplink Gaming Price Performance

Shares of NASDAQ:SBET opened at $9.37 on Friday. The firm has a fifty day moving average price of $10.03 and a two-hundred day moving average price of $15.05. The company has a market cap of $1.84 billion, a price-to-earnings ratio of -3.92 and a beta of 11.12. Sharplink Gaming Inc. has a one year low of $2.26 and a one year high of $124.12.

Sharplink Gaming Company 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.