Hel Ved Capital Management Ltd purchased a new position in shares of Sharplink Gaming Inc. (NASDAQ:SBET – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 108,100 shares of the company’s stock, valued at approximately $966,000. Hel Ved Capital Management Ltd owned about 0.05% of Sharplink Gaming as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd bought a new stake in Sharplink Gaming during the third quarter worth about $49,000. Empowered Funds LLC bought a new stake in Sharplink Gaming during the fourth quarter worth about $56,000. R Squared Ltd bought a new stake in Sharplink Gaming during the fourth quarter worth about $90,000. Abacus Planning Group Inc. bought a new stake in Sharplink Gaming during the fourth quarter worth about $94,000. Finally, CI Investments Inc. bought a new stake in Sharplink Gaming during the fourth quarter worth about $100,000. Institutional investors own 13.75% of the company’s stock.
Insider Activity
In other news, Director Leslie Bernhard sold 12,892 shares of the business’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $7.41, for a total value of $95,529.72. Following the completion of the sale, the director owned 24,998 shares of the company’s stock, valued at approximately $185,235.18. The trade was a 34.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert M. Gutkowski sold 12,892 shares of the business’s 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 completion of the sale, the director directly owned 24,998 shares of the company’s stock, valued at approximately $185,235.18. This trade represents a 34.02% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 38,676 shares of company stock valued at $286,589. Insiders own 3.60% of the company’s stock.
Analyst Ratings Changes
View Our Latest Research Report on SBET
Sharplink Gaming Trading Up 1.5%
NASDAQ SBET opened at $5.51 on Friday. Sharplink Gaming Inc. has a 1-year low of $5.06 and a 1-year high of $40.46. The stock has a 50-day moving average of $6.63 and a 200-day moving average of $7.96. The firm has a market cap of $1.09 billion, a PE ratio of -9.18 and a beta of 10.39.
Sharplink Gaming (NASDAQ:SBET – Get Free Report) last released its earnings results on Friday, May 8th. The company reported ($3.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.62) by ($2.63). Sharplink Gaming had a negative net margin of 3,604.61% and a negative return on equity of 38.53%. The company had revenue of $12.06 million during the quarter, compared to the consensus estimate of $14.60 million. During the same period last year, the firm posted ($1.84) EPS. As a group, equities research analysts forecast that Sharplink Gaming Inc. will post 0.15 earnings per share for the current fiscal year.
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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