Leading broker tips PointsBet (ASX:PBH) share price to shoot higher

The PointsBet Holdings Ltd (ASX: PBH) share price was on form last week.

The sports betting company’s shares rose 5.5% over the five days.

This latest gain means the PointsBet share price is up 15% year to date and 255% over the last 12 months.

Why did the PointsBet share price charge higher last week?

Investors were buying the company’s shares following the release of a strong third quarter update.

For the three months ended 31 March, the company reported a 236% increase in turnover to $905.2 million.

This was driven by strong growth across both the Australian and United States markets.

In Australia, turnover increased 137% jump to $423.2 million, whereas in the United States, it reported a 431% increase in turnover to $482…