Sharplink Gaming (NASDAQ:SBET) Price Target Cut to $11.00 by Analysts at B. Riley Financial

Key Points

• B. Riley cut its price target on Sharplink Gaming from $14 to $11 but maintained a Buy rating; the new target implies 87.23% upside from the prior close.
• Analyst sentiment remains generally positive: eight analysts rate the stock Buy and one rates it Sell, giving it a Moderate Buy consensus and a $15.57 consensus target.
• Shares fell to $5.88 on Tuesday. In its latest quarter, Sharplink reported $13.46 million in revenue, above the $10.51 million consensus estimate.

Sharplink Gaming (NASDAQ:SBET - Get Free Report) had its price target decreased by equities researchers at B. Riley Financial from $14.00 to $11.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a "buy" rating on the stock. B. Riley Financial's price target indicates a potential upside of 87.23% from the stock's previous close.

A number of other research firms have also weighed in on SBET. 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. Cantor Fitzgerald boosted their price objective on Sharplink Gaming from $8.30 to $17.00 and gave the stock an "overweight" rating in a report on Thursday, September 10th. Citigroup restated a "market outperform" rating on shares of Sharplink Gaming in a report on Thursday, August 13th. Canaccord Genuity Group cut their target price on Sharplink Gaming from $16.00 to $8.00 and set a "buy" rating on the stock in a research report on Tuesday, August 18th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Sharplink Gaming in a report on Friday, October 2nd. Eight investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $15.57.

Sharplink Gaming Price Performance

Shares of NASDAQ:SBET traded down $0.26 during trading on Tuesday, reaching $5.88. 6,908,229 shares of the stock were exchanged, compared to its average volume of 8,287,721. Sharplink Gaming has a 1-year low of $4.46 and a 1-year high of $12.29. The stock has a fifty day moving average of $8.34 and a two-hundred day moving average of $7.14. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 116.96 and a beta of 11.23.

Sharplink Gaming (NASDAQ:SBET - Get Free Report) last posted its quarterly earnings results on Friday, November 6th. The company reported $3.45 earnings per share (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 business had revenue of $13.46 million during the quarter, compared to the consensus estimate of $10.51 million. Sell-side analysts forecast that Sharplink Gaming will post 0.12 EPS for the current year.

Insider Transactions at Sharplink Gaming

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

Institutional Trading of Sharplink Gaming

Institutional investors and hedge funds have recently modified their holdings of the business. SBI Securities Co. Ltd. increased its stake in shares of Sharplink Gaming by 70.7% during the 3rd quarter. SBI Securities Co. Ltd. now owns 3,462 shares of the company's stock worth $32,000 after purchasing an additional 1,434 shares during the last quarter. GAMMA Investing LLC lifted its stake in Sharplink Gaming by 355.7% in the third quarter. GAMMA Investing LLC now owns 6,116 shares of the company's stock valued at $57,000 after purchasing an additional 4,774 shares during the last quarter. Independent Financial Group LLC bought a new position in Sharplink Gaming during the first quarter valued at $65,000. Ameritas Advisory Services LLC bought a new position in Sharplink Gaming during the second quarter valued at $66,000. Finally, SummitTX Capital L.P. purchased a new stake in Sharplink Gaming in the first quarter worth $73,000. 13.75% of the stock is owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.