Sharplink Gaming (NASDAQ:SBET) Sets New 52-Week Low – Here’s What Happened

Posted by Brian Himes on May 28th, 2026

Sharplink Gaming Inc. (NASDAQ:SBET – Get Free Report) shares hit a new 52-week low during trading on Thursday . The company traded as low as $5.66 and last traded at $5.8020, with a volume of 1911965 shares changing hands. The stock had previously closed at $6.00.

Analysts Set New Price Targets

SBET has been the topic of several analyst reports. Canaccord Genuity Group reissued a “buy” rating and set a $16.00 target price on shares of Sharplink Gaming in a report on Tuesday, March 17th. Citizens Jmp cut their price objective on Sharplink Gaming from $50.00 to $40.00 and set a “market outperform” rating on the stock in a research note on Wednesday, March 11th. Cantor Fitzgerald raised Sharplink Gaming to a “strong-buy” rating in a research report on Thursday, April 9th. Wall Street Zen upgraded shares of Sharplink Gaming from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Finally, Alliance Global Partners reissued a “buy” rating on shares of Sharplink Gaming in a report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $22.11.

Check Out Our Latest Research Report on Sharplink Gaming

Sharplink Gaming Stock Performance

The firm has a market capitalization of $1.17 billion, a P/E ratio of -9.89 and a beta of 10.69. The firm has a 50-day moving average of $6.97 and a 200-day moving average of $8.37.

Sharplink Gaming (NASDAQ:SBET – Get Free Report) last announced its earnings results on Friday, May 8th. The company reported ($3.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.62) by ($2.63). The company had revenue of $12.06 million during the quarter, compared to the consensus estimate of $14.60 million. Sharplink Gaming had a negative return on equity of 38.53% and a negative net margin of 3,604.61%.During the same period in the prior year, the business posted ($1.84) earnings per share. On average, research analysts forecast that Sharplink Gaming Inc. will post 0.15 EPS for the current fiscal year.

Insider Transactions at Sharplink Gaming

In related news, Director Obie Mckenzie sold 12,892 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $7.41, for a total value of $95,529.72. Following the transaction, the director owned 24,998 shares of the company’s stock, valued at $185,235.18. This represents a 34.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Leslie Bernhard sold 12,892 shares of the stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $7.41, for a total transaction of $95,529.72. Following the transaction, the director owned 24,998 shares in the company, valued at approximately $185,235.18. The trade was a 34.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 38,676 shares of company stock worth $286,589. Insiders own 3.60% of the company’s stock.

Institutional Trading of Sharplink Gaming

A number of institutional investors have recently bought and sold shares of SBET. J. Derek Lewis & Associates Inc. lifted its position in Sharplink Gaming by 112.4% during the 1st quarter. J. Derek Lewis & Associates Inc. now owns 103,000 shares of the company’s stock worth $664,000 after acquiring an additional 54,500 shares during the period. Bank of America Corp DE lifted its position in Sharplink Gaming by 56.6% during the 1st 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 during the period. SummitTX Capital L.P. acquired a new stake in Sharplink Gaming during the 1st quarter worth about $73,000. Weiss Asset Management LP lifted its position in 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 period. Finally, Galaxy Digital Inc. acquired a new stake in Sharplink Gaming during the 1st quarter valued at approximately $192,000. 13.75% of the stock is currently owned by institutional investors and hedge funds.

About Sharplink Gaming

(Get Free Report)

SharpLink Gaming, Inc operates as an online technology company that connects sports fans, leagues, and sports websites to sports betting and iGaming content. The company operates through four segments: Affiliate Marketing Services United States, Affiliate Marketing Services International, Sports Gaming Client Services, and SportsHub Games Network. It operates a performance marketing platform, which owns and operates state-specific web domains to attract, acquire, and drive local sports betting and casino traffic directly to the company's sportsbook and casino partners, which are licensed to operate in each respective state; and offers sports betting data to sports media publishers.