<div id="readability-page-1"><p>Shares of Sharplink Gaming Inc. (NASDAQ:SBET - Get Free Report) were down 9.2% during mid-day trading on Friday following insider selling activity. The stock traded as low as $6.74 and last traded at $6.7220. Approximately 1,652,127 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 7,134,917 shares. The stock had previously closed at $7.40.</p><div><p><span></span><span>Get <strong>Sharplink Gaming</strong> alerts:</span></p></div><ul><li>2 Stocks to Avoid as Crypto Momentum Wanes</li></ul><p>Specifically,  Director Robert M. Gutkowski sold 12,892 shares of the company's 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 sale, the director directly owned 24,998 shares in the company, valued at $185,235.18. This represents a 34.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Leslie Bernhard sold 12,892 shares of the business's stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $7.41, for a total transaction of $95,529.72. Following the transaction, the director directly owned 24,998 shares of the company's stock, valued at approximately $185,235.18. This represents a 34.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In other Sharplink Gaming news, Director Obie Mckenzie sold 12,892 shares of the stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $7.41, for a total value of $95,529.72. Following the sale, the director directly owned 24,998 shares in the company, valued at $185,235.18. This represents a 34.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. </p><h2>Wall Street Analyst Weigh In</h2><p>SBET has been the subject of a number of research analyst reports. B. Riley Financial dropped their price target on Sharplink Gaming from $19.00 to $10.00 and set a &#34;buy&#34; rating for the company in a research report on Monday, February 23rd. Canaccord Genuity Group  reaffirmed a &#34;buy&#34; rating and issued a $16.00 target price on shares of Sharplink Gaming in a research note on Tuesday, March 17th. Citizens Jmp dropped their target price on shares of Sharplink Gaming from $50.00 to $40.00 and set a &#34;market outperform&#34; rating for the company in a research report on Wednesday, March 11th. Alliance Global Partners  reissued a &#34;buy&#34; rating on shares of Sharplink Gaming in a research note on Monday. Finally, Weiss Ratings  restated a &#34;sell (d)&#34; rating on shares of Sharplink Gaming in a research report on Thursday, January 22nd. One investment analyst  has rated the stock with a Strong Buy rating, seven have assigned  a Buy rating, one  has issued  a Hold rating and one  has assigned  a Sell rating to the company's stock. According to MarketBeat.com, the company  has an average rating of &#34;Moderate Buy&#34; and an average price target of $22.11.</p><ul><li>Analysts Think These Stocks Could More Than Double</li></ul><p><b>Read Our Latest Stock Report on SBET</b></p><h2>Sharplink Gaming Price Performance</h2><p>The firm's 50 day moving average is $7.22 and its 200 day moving average is $8.79. The company has a market capitalization of $1.33 billion, a PE ratio of -11.31 and a beta of 10.69. </p><ul><li>Ethereum Near All-Time High: 3 Stocks Stacking ETH in Treasuries</li></ul><p>Sharplink Gaming (NASDAQ:SBET - Get Free Report) last announced its quarterly earnings results on Friday, May 8th. The company reported ($3.25) earnings per share for the quarter, missing the consensus estimate of ($0.62) by ($2.63). Sharplink Gaming had a negative net margin of 3,604.61% and a negative return on equity of 38.53%. The firm had revenue of $12.06 million for the quarter, compared to analysts' expectations of $14.60 million. During the same period in the previous year, the company earned ($1.84) EPS.  As a group, analysts predict that  Sharplink Gaming Inc. will post 0.1 EPS for the current fiscal year. </p><h2>Institutional Inflows and Outflows</h2><p>Hedge funds have recently bought and sold shares of the business. APEIRON CAPITAL Ltd bought a new stake in shares of  Sharplink Gaming in the 3rd quarter worth approximately $23,038,000.  Wolverine Asset Management LLC bought a new position in shares of  Sharplink Gaming during the fourth quarter valued at approximately $4,398,000.  CloudAlpha Capital Management Limited Hong Kong bought a new position in shares of  Sharplink Gaming during the third quarter valued at approximately $30,812,000.  Wealth Enhancement Advisory Services LLC purchased a new stake in  Sharplink Gaming in the third quarter worth $2,190,000.  Finally, BIT Capital GmbH lifted its stake in  Sharplink Gaming by 103.5% in the third quarter. BIT Capital GmbH now owns 1,215,819 shares of the company's stock worth $20,681,000 after acquiring an additional 618,508 shares during the period. Hedge funds and other institutional investors own  13.75% of the company's stock. </p><h2>Sharplink Gaming Company Profile</h2> (Get Free Report)<p>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.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Sharplink Gaming</li><li>3 AI Data Center Stocks Worth Watching for Capital Rotation</li><li>McDonald's Is the Cheapest It’s Been in Years—Does That Make It a Buy?</li><li>Karman: Defense Darling's Outlook Strengthens After 40% Drop</li><li>Aeluma's Post-Earnings Dip Creates a Buying Opportunity</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Sharplink Gaming Right Now?</h2><p>Before you consider Sharplink Gaming, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sharplink Gaming wasn't on the list.</p><p>While Sharplink Gaming currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

SBET

<p>Sharplink Gaming (NASDAQ:SBET) shares fell 9.2% amid insider selling, with the stock trading as low as $6.74. Directors sold 12,892 shares each at $7.41, reducing their ownership by 34.02%. Analysts have mixed ratings, with a price target range from $10 to $22.11. The company reported a loss of ($3.25) EPS, missing estimates, and had revenue of $12.06 million, below expectations.</p>

Sharplink Gaming (NASDAQ:SBET) Stock Price Down 9.2% Following Insider Selling