Gambling.com Group (NASDAQ:GAMB – Get Free Report)‘s stock had its “speculative buy” rating reissued by investment analysts at Benchmark in a report issued on Friday,Benzinga reports. They presently have a $4.00 target price on the stock, down from their previous target price of $6.00. Benchmark’s target price would indicate a potential downside of 3.38% from the company’s current price.
Other research analysts have also recently issued research reports about the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Gambling.com Group in a research note on Thursday, January 22nd. Wall Street Zen cut Gambling.com Group from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Zacks Research raised Gambling.com Group to a “hold” rating in a research report on Monday, March 16th. Stifel Nicolaus cut their price target on Gambling.com Group from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, April 9th. Finally, Jefferies Financial Group decreased their price objective on Gambling.com Group from $8.00 to $7.00 and set a “buy” rating for the company in a report on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $7.38.
Check Out Our Latest Analysis on Gambling.com Group
Gambling.com Group Price Performance
Gambling.com Group (NASDAQ:GAMB – Get Free Report) last issued its earnings results on Thursday, May 14th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.11). Gambling.com Group had a positive return on equity of 38.87% and a negative net margin of 19.90%. On average, research analysts forecast that Gambling.com Group will post 0.32 earnings per share for the current year.
Institutional Trading of Gambling.com Group
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sei Investments Co. purchased a new position in shares of Gambling.com Group in the 1st quarter valued at $109,000. Cetera Investment Advisers bought a new stake in Gambling.com Group during the first quarter valued at about $107,000. Bank of New York Mellon Corp grew its stake in Gambling.com Group by 24.2% in the first quarter. Bank of New York Mellon Corp now owns 44,795 shares of the company’s stock valued at $174,000 after purchasing an additional 8,737 shares during the last quarter. Strs Ohio grew its stake in Gambling.com Group by 41.9% in the first quarter. Strs Ohio now owns 137,900 shares of the company’s stock valued at $535,000 after purchasing an additional 40,700 shares during the last quarter. Finally, Cornerstone Wealth Group LLC bought a new position in Gambling.com Group in the first quarter worth about $734,000. Institutional investors own 72.26% of the company’s stock.
Gambling.com Group Company Profile
Gambling.com Group is a digital performance marketing company specializing in the online gambling industry. Through a diversified portfolio of affiliate websites, the company generates leads and traffic for operators in segments such as sports betting, online casino, poker, bingo and daily fantasy sports. Its platforms offer in-depth reviews, expert guides, comparison tools and editorial content designed to help players make informed choices and drive conversions for partner brands.
The group’s service offerings include search engine optimization, pay-per-click campaigns, display advertising, email marketing and social media management.
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