Sharplink Gaming (NASDAQ:SBET) Stock Gets Price Target Trim from B. Riley Financial

Sharplink Gaming (NASDAQ:SBET) had its price target cut by B. Riley Financial from $14.00 to $11.00 in a research note released on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other research firms have also recently weighed in on SBET. Wall Street Zen raised Sharplink Gaming from a “strong sell” rating to a “sell” rating in a report on Sunday, August 30th. Cantor Fitzgerald lifted their price objective on shares of Sharplink Gaming from $8.30 to $17.00 and gave the stock an “overweight” rating in a research note on Thursday, September 10th. TD Cowen restated a “buy” rating and issued a $13.00 target price (down from $16.00) on shares of Sharplink Gaming in a report on Friday, July 31st. Canaccord Genuity Group cut their price target on shares of Sharplink Gaming from $16.00 to $8.00 and set a “buy” rating on the stock in a report on Tuesday, August 18th. Finally, Citigroup reiterated a “market outperform” rating on shares of Sharplink Gaming in a report on Thursday, August 13th. Eight analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $15.57.

Sharplink Gaming Stock Performance

Sharplink Gaming stock opened at $5.77 on Tuesday. Sharplink Gaming has a one year low of $4.46 and a one year high of $12.29. The company has a 50-day simple moving average of $8.20 and a 200-day simple moving average of $7.08. The firm has a market capitalization of $1.25 billion, a P/E ratio of 82.43 and a beta of 11.23.

Sharplink Gaming (NASDAQ:SBET) last issued its quarterly earnings data on Friday, November 6th. The company reported $3.45 earnings per share for the quarter. Sharplink Gaming had a negative net margin of 2,012.44% and a negative return on equity of 37.15%. The firm had revenue of $13.46 million for the quarter, compared to the consensus estimate of $10.51 million. As a group, sell-side analysts forecast that Sharplink Gaming will post 2.19 earnings per share for the current year.

Insider Activity at Sharplink Gaming

In related news, Director Joseph Lubin sold 5,676,952 shares of the firm’s stock in a transaction on Thursday, October 8th. The stock was sold at an average price of $8.39, for a total value of $47,629,627.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On Sharplink Gaming

A number of hedge funds have recently modified their holdings of the stock. Weiss Asset Management LP boosted its stake in Sharplink Gaming by 19.1% in the 1st quarter. Weiss Asset Management LP now owns 3,042,548 shares of the company’s stock valued at $19,624,000 after buying an additional 488,247 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Sharplink Gaming during the first quarter worth $11,691,000. Bank of America Corp DE raised its stake in Sharplink Gaming by 56.6% during the first quarter. Bank of America Corp DE now owns 1,275,442 shares of the company’s stock worth $8,227,000 after acquiring an additional 460,991 shares in the last quarter. Voya Investment Management LLC lifted its holdings in shares of Sharplink Gaming by 1,230.3% during the third quarter. Voya Investment Management LLC now owns 484,086 shares of the company’s stock valued at $4,492,000 after acquiring an additional 447,698 shares during the period. Finally, J. Derek Lewis & Associates Inc. boosted its stake in shares of Sharplink Gaming by 16.0% in the 3rd quarter. J. Derek Lewis & Associates Inc. now owns 278,750 shares of the company’s stock valued at $2,689,000 after purchasing an additional 38,500 shares in the last quarter. 13.75% of the stock is owned by institutional investors and hedge funds.

Sharplink Gaming Company Profile

SharpLink Gaming, Inc. is a technology and marketing company that historically served the online sports betting and iGaming industries. Its services included affiliate marketing, customer acquisition and digital tools that connected sports fans with sportsbook and casino brands. The company also operated gaming-related digital properties and fantasy sports products. Its legacy business focused on helping operators reach audiences in regulated betting markets, including in the United States. In 2025, SharpLink announced a strategic shift toward an Ethereum-focused digital-asset treasury, including acquiring and staking Ether.