Sharplink Gaming (NASDAQ:SBET) Shares Up 7.7% – Time to Buy?

23 Oct 2026, 14:01 by Danessa Lincoln · The Markets Daily

Sharplink Gaming Inc. (NASDAQ:SBET – Get Free Report)’s stock price was up 7.7% during mid-day trading on Wednesday. The company traded as high as $8.46 and last traded at $8.4750. Approximately 5,617,289 shares were traded during trading, a decline of 30% from the average daily volume of 8,075,837 shares. The stock had previously closed at $7.87.

Analysts Set New Price Targets

Several brokerages recently weighed in on SBET. TD Cowen reissued a “buy” rating and set a $13.00 price target (down from $16.00) on shares of Sharplink Gaming in a research report on Friday, July 31st. B. Riley Financial reaffirmed a “buy” rating and set a $14.00 price target (up from $12.00) on shares of Sharplink Gaming in a report on Tuesday, September 22nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Sharplink Gaming in a report on Friday, October 2nd. Cantor Fitzgerald boosted their target price 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, Canaccord Genuity Group reduced their price objective 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. Nine research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $17.00.

Get Our Latest Analysis on Sharplink Gaming

Sharplink Gaming Trading Up 1.2%

The company has a 50 day simple moving average of $8.54 and a two-hundred day simple moving average of $7.03. The firm has a market capitalization of $1.73 billion, a P/E ratio of 159.56 and a beta of 10.60.

Sharplink Gaming (NASDAQ:SBET – Get Free Report) last announced its quarterly earnings results on Saturday, August 8th. The company reported ($1.88) EPS for the quarter, missing the consensus estimate of $0.01 by ($1.89). Sharplink Gaming had a negative return on equity of 33.40% and a negative net margin of 3,406.29%. The company had revenue of $11.53 million during the quarter, compared to analysts’ expectations of $12.26 million. On average, sell-side analysts expect that Sharplink Gaming Inc. will post 0.12 EPS for the current fiscal year.

Insider Buying and Selling at Sharplink Gaming

In related news, Director Joseph Lubin sold 5,676,952 shares of the business’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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On Sharplink Gaming

Several institutional investors have recently bought and sold shares of SBET. SBI Securities Co. Ltd. raised its position in shares of Sharplink Gaming by 70.7% in the 3rd quarter. SBI Securities Co. Ltd. now owns 3,462 shares of the company’s stock valued at $32,000 after purchasing an additional 1,434 shares during the last quarter. CI Investments Inc. lifted its position in Sharplink Gaming by 35.6% during the 1st quarter. CI Investments Inc. now owns 15,135 shares of the company’s stock worth $98,000 after acquiring an additional 3,977 shares during the period. GAMMA Investing LLC grew its stake in Sharplink Gaming by 355.7% during the 3rd 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. Abel Hall LLC lifted its holdings in shares of Sharplink Gaming by 34.8% during the third quarter. Abel Hall LLC now owns 29,000 shares of the company’s stock worth $269,000 after purchasing an additional 7,488 shares during the period. Finally, Independent Financial Group LLC purchased a new stake in Sharplink Gaming in the first quarter valued at approximately $65,000. 13.75% of the stock is currently owned by institutional investors and hedge funds.

Sharplink Gaming Company Profile

(Get Free Report)

SharpLink Gaming Ltd. is a technology and performance-marketing company serving the online sports betting and iGaming industries. The company provides customer-acquisition solutions designed to connect sports fans and gaming audiences with licensed betting and gaming operators through digital marketing, affiliate partnerships and related technology.