Sharplink Gaming Inc. (NASDAQ:SBET – Get Free Report) Director Leslie Bernhard sold 12,892 shares of Sharplink Gaming stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $7.41, for a total value of $95,529.72. Following the transaction, the director owned 24,998 shares of the company’s stock, valued at $185,235.18. This trade represents a 34.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Sharplink Gaming Stock Performance
SBET stock opened at $6.72 on Monday. The company has a market capitalization of $1.33 billion, a P/E ratio of -11.20 and a beta of 10.69. Sharplink Gaming Inc. has a 52-week low of $2.58 and a 52-week high of $124.12. The business has a 50-day simple moving average of $7.19 and a two-hundred day simple moving average of $8.74.
Sharplink Gaming (NASDAQ:SBET – Get Free Report) last released its quarterly earnings results on Friday, May 8th. The company reported ($3.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.62) by ($2.63). The company had revenue of $12.06 million for the quarter, compared to analyst estimates of $14.60 million. Sharplink Gaming had a negative net margin of 3,604.61% and a negative return on equity of 38.53%. During the same quarter last year, the firm posted ($1.84) EPS. As a group, sell-side analysts forecast that Sharplink Gaming Inc. will post 0.15 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Sharplink Gaming
Analyst Upgrades and Downgrades
SBET has been the subject of a number of analyst reports. Cantor Fitzgerald upgraded Sharplink Gaming to a “strong-buy” rating in a research note on Thursday, April 9th. Weiss Ratings restated a “sell (d)” rating on shares of Sharplink Gaming in a research note on Thursday, January 22nd. Alliance Global Partners restated a “buy” rating on shares of Sharplink Gaming in a research note on Monday, May 11th. B. Riley Financial cut their target price on Sharplink Gaming from $19.00 to $10.00 and set a “buy” rating on the stock in a research note on Monday, February 23rd. Finally, Wall Street Zen upgraded Sharplink Gaming from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $22.11.
Check Out Our Latest Stock Report on Sharplink Gaming
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.
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