Investors Purchase Large Volume of Call Options on Sharplink Gaming (NASDAQ:SBET)

Posted by Stanley Muller on Sep 11th, 2026

Sharplink Gaming Inc. (NASDAQ:SBET – Get Free Report) saw unusually large options trading activity on Friday. Stock investors bought 33,831 call options on the stock. This represents an increase of 37% compared to the typical daily volume of 24,626 call options.

Wall Street Analysts Forecast Growth

Several analysts recently commented on SBET shares. TD Cowen reiterated a “buy” rating and issued a $13.00 price objective (down from $16.00) on shares of Sharplink Gaming in a research note on Friday, July 31st. Canaccord Genuity Group dropped their target price on shares of Sharplink Gaming from $16.00 to $8.00 and set a “buy” rating for the company in a report on Tuesday, August 18th. Citizens Jmp reduced their price target on shares of Sharplink Gaming to $30.00 and set a “market outperform” rating for the company in a research report on Thursday, July 9th. Cantor Fitzgerald upped their price target on Sharplink Gaming from $8.30 to $17.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Weiss Ratings raised Sharplink Gaming from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, July 6th. Nine analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $16.50.

Check Out Our Latest Stock Analysis on Sharplink Gaming

Sharplink Gaming Stock Performance

NASDAQ:SBET traded up $0.41 during mid-day trading on Friday, hitting $8.84. 11,462,137 shares of the company’s stock traded hands, compared to its average volume of 8,059,086. The firm’s 50 day simple moving average is $6.82 and its 200 day simple moving average is $6.67. Sharplink Gaming has a 1 year low of $4.46 and a 1 year high of $19.53. The company has a market cap of $1.92 billion, a PE ratio of 177.90 and a beta of 10.56.

Sharplink Gaming (NASDAQ:SBET – Get Free Report) last announced its quarterly earnings results on Saturday, August 8th. The company reported ($1.88) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($1.89). 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 $11.53 million during the quarter, compared to analysts’ expectations of $12.26 million. On average, research analysts expect that Sharplink Gaming will post 0.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sharplink Gaming

Hedge funds have recently bought and sold shares of the stock. Lakewood Capital Management LP acquired a new position in shares of Sharplink Gaming in the 2nd quarter valued at $2,683,000. Highbridge Capital Management LLC raised its position in shares of Sharplink Gaming by 5,947.5% in the 4th quarter. Highbridge Capital Management LLC now owns 512,764 shares of the company’s stock worth $4,584,000 after buying an additional 504,285 shares during the period. Clear Street Group Inc. purchased a new position in shares of Sharplink Gaming in the 4th quarter worth $5,253,000. Bank of America Corp DE boosted its holdings 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 valued at $8,227,000 after acquiring an additional 460,991 shares during the last quarter. Finally, Compass Financial Management LLC acquired a new position in Sharplink Gaming in the second quarter valued at $1,110,000. Hedge funds and other institutional investors own 13.75% of the company’s stock.

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.