Sharplink Gaming (NASDAQ:SBET) Issues Quarterly Earnings Results

by · The Markets Daily

Sharplink Gaming (NASDAQ:SBET – Get Free Report) released its quarterly earnings results on Friday. The company reported $3.45 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $13.46 million for the quarter, compared to the consensus estimate of $10.51 million. Sharplink Gaming had a negative return on equity of 33.40% and a negative net margin of 3,406.29%.

Sharplink Gaming Stock Performance

Shares of Sharplink Gaming stock traded down $0.18 on Friday, hitting $6.24. The stock had a trading volume of 10,888,724 shares, compared to its average volume of 8,867,431. The firm has a market capitalization of $1.36 billion, a P/E ratio of 124.80 and a beta of 11.23. The stock has a 50 day moving average of $8.39 and a 200 day moving average of $7.16. Sharplink Gaming has a twelve month low of $4.46 and a twelve month high of $12.58.

Insider Buying and Selling

In related news, Director Joseph Lubin sold 5,676,952 shares of Sharplink Gaming stock in a transaction 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 legal filing with the SEC, which is accessible through this hyperlink. 3.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

SBET has been the topic of several research analyst reports. Wall Street Zen raised shares of Sharplink Gaming from a “strong sell” rating to a “sell” rating in a research report on Sunday, August 30th. Citizens Jmp decreased their price target on shares of Sharplink Gaming to $30.00 and set a “market outperform” rating on the stock in a research report on Thursday, July 9th. Citigroup reaffirmed a “market outperform” rating on shares of Sharplink Gaming in a report on Thursday, August 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sharplink Gaming in a report on Friday, October 2nd. Finally, B. Riley Financial reissued a “buy” rating and set a $14.00 price target (up from $12.00) on shares of Sharplink Gaming in a research note on Tuesday, September 22nd. Eight research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.00.

Read Our Latest Research Report on SBET

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.

SharpLink’s activities have historically focused on the United States and other regulated online gaming markets, where it has supported operators with player acquisition, engagement and retention initiatives.

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