SharpLink Gaming (NASDAQ:SBET – Get Free Report) and Progress Software (NASDAQ:PRGS – Get Free Report) are both consumer discretionary companies, but which is the superior business? We will compare the two businesses based on the strength of their institutional ownership, risk, analyst recommendations, earnings, valuation, profitability and dividends.
Risk and Volatility
SharpLink Gaming has a beta of 1.14, meaning that its share price is 14% more volatile than the S&P 500. Comparatively, Progress Software has a beta of 0.93, meaning that its share price is 7% less volatile than the S&P 500.
Earnings & Valuation
This table compares SharpLink Gaming and Progress Software”s revenue, earnings per share and valuation.
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| SharpLink Gaming | $4.95 million | 0.35 | -$14.24 million | N/A | N/A |
| Progress Software | $753.41 million | 3.25 | $68.44 million | $1.56 | 36.20 |
Institutional & Insider Ownership
13.8% of SharpLink Gaming shares are owned by institutional investors. 13.0% of SharpLink Gaming shares are owned by insiders. Comparatively, 3.4% of Progress Software shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.
Profitability
This table compares SharpLink Gaming and Progress Software’s net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| SharpLink Gaming | N/A | N/A | -22.00% |
| Progress Software | 9.08% | 41.56% | 9.86% |
Analyst Ratings
This is a breakdown of recent recommendations and price targets for SharpLink Gaming and Progress Software, as provided by MarketBeat.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| SharpLink Gaming | 0 | 0 | 0 | 0 | 0.00 |
| Progress Software | 0 | 2 | 5 | 0 | 2.71 |
Progress Software has a consensus target price of $72.43, indicating a potential upside of 28.25%. Given Progress Software’s stronger consensus rating and higher possible upside, analysts clearly believe Progress Software is more favorable than SharpLink Gaming.
Summary
Progress Software beats SharpLink Gaming on 9 of the 12 factors compared between the two stocks.
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. It also provides iGaming and affiliate marketing network, which focuses on delivering quality traffic and player acquisitions, and retention and conversions to global iGaming operator partners worldwide; and development, hosting, operations, maintenance, and service of free-to-play games and contests. In addition, the company owns and operates various real-money fantasy sports and sports simulation games and mobile apps on its platform; and is licensed or authorized to operate in every state in the United States, where fantasy sports play is legal and in which SportsHub has elected to operate based on the financial viability. SharpLink Gaming, Inc. was founded in 2019 and is headquartered in Minneapolis, Minnesota.
About Progress Software
Progress Software Corporation develops, deploys, and manages business applications in the United States and internationally. The company offers OpenEdge, an application development platform for running business-critical applications; Chef, a DevOps/DevSecOps automation software; Developer Tools that consists of software development tooling collection, including .NET and JavaScript UI components for web, desktop and mobile applications, reporting and report management tools, and automated testing and mocking tools; Kemp LoadMaster, an application delivery and security product offering cloud-native, and virtual and hardware load balancers; and Sitefinity, a digital experience platform foundation delivering intelligent and ROI-driving tools for marketers. It also provides MOVEit, a managed file transfer software for managing and controlling the movement of sensitive files and securing them both at-rest and in-transit; DataDirect, a secure data connectivity tools for Relational, NoSQL, Big Data and SaaS data sources; WhatsUp Gold, a network infrastructure monitoring software providing complete visibility of all network devices, servers, virtual machines, and cloud and wireless environments to find and fix network problems; Flowmon, a network security and visibility product with automated response across hybrid cloud ecosystems; Corticon, a decision automation platform to transform user experiences by streamlining and automating complex business rules; MarkLogic, a data agility platform to connect data and metadata; and Semaphore, a Semantic AI platform. The company offers project management, implementation, custom software development, programming, and other services, as well as web-enable applications; and training services. It sells its products to end users, independent software vendors, original equipment manufacturers, system integrators, value added resellers, and distributors. The company was founded in 1981 and is headquartered in Burlington, Massachusetts.
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