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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/7/2022 | $18.00 | Buy | Needham |
Needham initiated coverage of Esports Technologies with a rating of Buy and set a new price target of $18.00
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https://www.actionnetwork.com/general/florida-online-sports-betting-re-launches-2-years-after-shutdownAfter an arduous two year journey, online sports betting has returned to the state of Florida.The only online book available in the state — Hard Rock, owned by the Seminole Tribe — has begun taking online bets as of Tuesday morning for select users that already had accounts on the platform.Only those part of Hard Rock's loyalty programs who had accounts with the sportsbook in Florida from Nov. 1 to Nov. 21, 2021 are eligible to place wagers at this time.The soft launch is perhaps the culmination of a long saga that dates back two years.While the Hard Rock sportsbook app launched on Nov. 1, 2
Gainers Shift Techs (NASDAQ:SFT) stock moved upwards by 10.3% to $0.15 during Thursday's after-market session. Today's trading volume for this security ended up closing at 1.5 million shares, which is 263.1 percent of its average volume over the last 100 days. The market value of their outstanding shares is at $2.5 million. XWELL (NASDAQ:XWEL) stock increased by 9.26% to $2.24. The market value of their outstanding shares is at $9.3 million. Aterian (NASDAQ:ATER) shares rose 6.38% to $0.35. Today's trading volume for this security ended up closing at 94.1K shares, which is 10.7 percent of its average volume over the last 100 days. The market value of their outstanding shares is at $29.8 m
EBET to Cease from Trading on NasdaqLAS VEGAS, NV / ACCESSWIRE / October 12, 2023 / EBET, Inc. ("EBET" or the "Company"), a global online i-gaming casino website operator, today announced that on October 12, 2023 it received formal notice from the NASDAQ Stock Market that the Company's common stock has been suspended from trading on the Nasdaq Capital Market effective October 13, 2023, due to failure to demonstrate compliance with Listing Rules 5550(a)(2) and 5550(b)(1). The Company's common stock will be quoted on the Pink Sheets platform operated by OTC Markets Group Inc. (the "OTC") and will commence trading on October 13, 2023 at the market open under the "EBET" ticker symbol.The Com
Extends Forbearance Through June 2025Defers Monthly Cash Interest ExpenseIncreases Revolving Loan Capacity to $4,000,000LAS VEGAS, NV / ACCESSWIRE / October 2, 2023 / EBET, Inc. ("EBET" or the "Company") (NASDAQ:EBET), a global online i-gaming casino website operator, today announced that it has amended its existing $30,000,000 Term Loan and increased borrowing availability by upsizing EBET's existing $2,000,000 discretionary Revolving Loan to $4,000,000 through a Second Amendment to Credit Agreement and an amendment to its existing Forbearance Agreement with CPBF Lending, LLC ("CPBF"), its lender (together, the "Amended Credit Agreements").The Amended Credit Agreements allow EBET to convert
LAS VEGAS, NV / ACCESSWIRE / September 29, 2023 / EBET, Inc., (NASDAQ:EBET) a leading global provider of advanced wagering products and technology, announced, today announced that it filed an amendment to articles of incorporation with the Secretary of State of the State of Nevada to effect a 1-for-30 reverse stock split of its common stock. The reverse stock split will take effect at 4:01 pm (Eastern Time) on September 29, 2023, and the Company's common stock will open for trading on The Nasdaq Capital Market on October 2, 2023 on a post-split basis, under the existing ticker symbol "EBET" but with a new CUSIP number 278700 208.As a result of the reverse stock split, every 30 shares of the
Reports Significant Progress Reducing Net Loss and Increasing Adjusted EBITDA for First Two Months Under Profitability Plan, Reducing Net Loss for First Two Months of Q4 to $3.8 Million vs. Q3 Net Loss of $9.0 Million LAS VEGAS, Sept. 21, 2022 /PRNewswire/ -- EBET, Inc. (NASDAQ:EBET), a leading global provider of advanced wagering products and technology, announced today that it had made significant progress in reducing Net Loss and increasing Adjusted EBITDA for the two months ended August 2022. The company reported its Net Loss for this two-month period to be $3.8 million, with an Adjusted EBITDA that was approximately breakeven based on unaudited interim financial results (see "Reconcilia
Earnings Call Scheduled Today at 4:30 PM EDT to Detail 3rd Quarter Results of Corporate Restructuring, Revenue of $18.2 Million and Gross Profit of $7.2 Million LAS VEGAS, Aug. 15, 2022 /PRNewswire/ -- EBET, Inc. (NASDAQ:EBET), a leading global provider of advanced wagering products and technology, announced today a profitability plan to reach a positive EBITDA run rate beginning August 2022 (current month). EBET has taken significant measures to become EBITDA positive in August 2022 (current month). The measures taken to enhance the profitability of its newly acquired iGaming
LAS VEGAS, Feb. 9, 2022 /PRNewswire/ -- Esports Technologies, Inc. (NASDAQ:EBET, ", Esports Technologies", ))), a leading global provider of advanced esports wagering products and technology, announced revenue for the quarter ended December 31, 2021 of approximately $7.1 million and a gross profit of approximately $2.5 million, with substantially all of it coming in the month of December. During the quarter, EBET increased its cash position to $11.8 million, up $2.8 million from the previous fiscal year end. The company also reaffirmed its guidance of $70 million in revenue for the remainder of fiscal year 2022, which will include 10 months of reporting since the acquisition of the online sp
LAS VEGAS, July 22, 2021 /PRNewswire/ -- Esports Technologies, Inc. (NASDAQ:EBET), a leading global provider of advanced esports wagering products and technology, has appointed Michael Holm as Affiliate Director. In this new position, Holm's primary objective will be to streamline the Esports Technologies affiliate platform and leverage a network of affiliate partners, bolstering a consistent level of performance across multiple markets and across a wide range of products such as esports, sportsbook, casino and 'Play for Fun' games. Holm brings more than 15 years of iGaming e
LAS VEGAS, June 2, 2021 /PRNewswire/ -- Esports Technologies, Inc. (NASDAQ:EBET), a leading global provider of advanced esports wagering products and technology, today announced the appointment of accomplished gaming industry veteran Mark Thorne as its new Chief Marketing Officer. Thorne brings nearly 20 years of industry experience to the executive team, having served in leadership roles with Betfair (LON: FLTR), GVC (LON: ENT), Betfirst, Bonnier Gaming, and Twin.com. New CMO Brings Decades of Valuable Commercial and Marketing Leadership ExperienceIn this newly created role,
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