Sharplink Gaming (NASDAQ:SBET) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded SharpLink Gaming from “sell” to “hold.” Across analysts, the stock carries a “Moderate Buy” consensus and an average price target of $15.57.
• SharpLink reported quarterly EPS of $3.45 and revenue of $13.46 million, beating analyst estimates of $10.51 million in revenue; however, it posted a deeply negative net margin.
• Director Joseph Lubin sold 5.68 million shares for about $47.6 million. The stock was down 2.8% and opened at $5.61.

Sharplink Gaming (NASDAQ:SBET - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued on Saturday, Wall Street Zen reports.

SBET has been the topic of a number of other research reports. TD Cowen restated a "buy" rating and issued a $13.00 target price (down from $16.00) on shares of Sharplink Gaming in a research report on Friday, July 31st. Cantor Fitzgerald boosted their target price 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. Weiss Ratings reiterated a "sell (d-)" rating on shares of Sharplink Gaming in a report on Friday, October 2nd. Citigroup reiterated a "market outperform" rating on shares of Sharplink Gaming in a research note on Thursday, August 13th. Finally, Canaccord Genuity Group dropped their price target on Sharplink Gaming from $16.00 to $8.00 and set a "buy" rating for the company in a research note on Tuesday, August 18th. Eight investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $15.57.

Sharplink Gaming Trading Down 2.8%

SBET stock opened at $5.61 on Friday. The firm has a 50-day moving average price of $8.13 and a 200-day moving average price of $7.06. Sharplink Gaming has a 12 month low of $4.46 and a 12 month high of $12.29. The stock has a market capitalization of $1.22 billion, a P/E ratio of 80.14 and a beta of 11.23.

Sharplink Gaming (NASDAQ:SBET - Get Free Report) last announced its quarterly earnings results on Friday, November 6th. The company reported $3.45 earnings per share (EPS) for the quarter. The company had revenue of $13.46 million for the quarter, compared to analyst estimates of $10.51 million. Sharplink Gaming had a negative net margin of 2,012.44% and a negative return on equity of 37.15%. As a group, equities analysts predict that Sharplink Gaming will post 2.19 EPS for the current fiscal year.

Insider Activity

In related news, Director Joseph Lubin sold 5,676,952 shares of the firm's stock in a transaction that occurred on Thursday, October 8th. The shares were sold at an average price of $8.39, for a total value of $47,629,627.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sharplink Gaming

A number of institutional investors have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC raised its stake in shares of Sharplink Gaming by 412.5% during the third quarter. Steward Partners Investment Advisory LLC now owns 78,157 shares of the company's stock valued at $725,000 after acquiring an additional 62,907 shares during the last quarter. Private Advisor Group LLC lifted its holdings in shares of Sharplink Gaming by 97.5% during the third quarter. Private Advisor Group LLC now owns 20,479 shares of the company's stock worth $190,000 after purchasing an additional 10,108 shares during the period. Landscape Capital Management L.L.C. acquired a new position in shares of Sharplink Gaming during the third quarter worth $370,000. Composition Wealth LLC bought a new stake in shares of Sharplink Gaming in the third quarter worth $114,000. Finally, Voya Investment Management LLC grew its stake in shares of Sharplink Gaming by 1,230.3% in the third quarter. Voya Investment Management LLC now owns 484,086 shares of the company's stock worth $4,492,000 after purchasing an additional 447,698 shares during the last quarter. 13.75% of the stock is owned by institutional investors.

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.

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