Sharplink Gaming (NASDAQ:SBET) Stock Price Target Lowered at B. Riley Financial

Sharplink Gaming (NASDAQ:SBET) had its price objective decreased by equities researchers at B. Riley Financial from $14.00 to $11.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. B. Riley Financial‘s price target points to a potential upside of 87.23% from the stock’s previous close.

Several other brokerages have also recently weighed in on SBET. Canaccord Genuity Group reduced their price target on Sharplink Gaming from $16.00 to $8.00 and set a “buy” rating for the company in a research report on Tuesday, August 18th. Wall Street Zen upgraded Sharplink Gaming from a “strong sell” rating to a “sell” rating in a research report on Sunday, August 30th. TD Cowen restated a “buy” rating and issued a $13.00 price objective (down from $16.00) on shares of Sharplink Gaming in a research report on Friday, July 31st. Cantor Fitzgerald boosted their price objective on shares of Sharplink Gaming from $8.30 to $17.00 and gave the company an “overweight” rating in a research note on Thursday, September 10th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Sharplink Gaming in a research note on Friday, October 2nd. Eight equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.57.

Sharplink Gaming Price Performance

Shares of SBET traded down $0.26 during trading hours on Tuesday, hitting $5.88. The company’s stock had a trading volume of 6,908,229 shares, compared to its average volume of 8,287,721. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 116.96 and a beta of 11.23. The business has a 50 day simple moving average of $8.34 and a two-hundred day simple moving average of $7.14. Sharplink Gaming has a 52-week low of $4.46 and a 52-week high of $12.29.

Sharplink Gaming (NASDAQ:SBET) last announced its quarterly earnings results on Friday, November 6th. The company reported $3.45 EPS for the quarter. Sharplink Gaming had a negative net margin of 3,406.29% and a negative return on equity of 33.40%. The company had revenue of $13.46 million for the quarter, compared to analysts’ expectations of $10.51 million. Research analysts predict that Sharplink Gaming will post 0.12 earnings per share for the current year.

Insider Activity at Sharplink Gaming

In other news, Director Joseph Lubin sold 5,676,952 shares of the business’s stock in a transaction dated Thursday, October 8th. The stock was sold at an average price of $8.39, for a total transaction of $47,629,627.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On Sharplink Gaming

A number of institutional investors have recently made changes to their positions in SBET. Weiss Asset Management LP lifted its holdings in shares of Sharplink Gaming by 19.1% during the 1st quarter. Weiss Asset Management LP now owns 3,042,548 shares of the company’s stock worth $19,624,000 after acquiring an additional 488,247 shares during the last quarter. Renaissance Technologies LLC purchased a new position in Sharplink Gaming in the first quarter worth $11,691,000. Bank of America Corp DE grew its position in Sharplink Gaming by 56.6% in 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. J. Derek Lewis & Associates Inc. increased its stake in Sharplink Gaming by 16.0% in the third quarter. J. Derek Lewis & Associates Inc. now owns 278,750 shares of the company’s stock valued at $2,689,000 after acquiring an additional 38,500 shares during the last quarter. Finally, Lakewood Capital Management LP bought a new position in Sharplink Gaming in the second quarter valued at $2,683,000. Institutional investors own 13.75% of the company’s stock.

About Sharplink Gaming

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.