Gambling.com Group (NASDAQ:GAMB) Price Target Cut to $7.00 by Analysts at Benchmark

Gambling.com Group (NASDAQ:GAMB) had its target price lowered by Benchmark from $8.00 to $7.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Benchmark’s target price points to a potential upside of 44.36% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Weiss Ratings downgraded Gambling.com Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Saturday, October 25th. Stifel Nicolaus reiterated a “buy” rating and set a $12.00 price objective (down from $15.00) on shares of Gambling.com Group in a research report on Friday, November 14th. Truist Financial dropped their target price on Gambling.com Group from $9.00 to $7.00 and set a “hold” rating for the company in a research report on Friday, November 14th. BTIG Research reaffirmed a “neutral” rating on shares of Gambling.com Group in a research note on Friday, November 14th. Finally, Jefferies Financial Group reduced their price target on shares of Gambling.com Group from $13.00 to $8.00 and set a “buy” rating on the stock in a research report on Friday, November 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $10.44.

Gambling.com Group Stock Performance

Shares of GAMB stock traded down $0.06 during trading hours on Tuesday, hitting $4.85. 97,987 shares of the company were exchanged, compared to its average volume of 385,022. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $173.17 million, a price-to-earnings ratio of 96.12 and a beta of 0.87. The firm has a fifty day simple moving average of $5.34 and a 200 day simple moving average of $7.67. Gambling.com Group has a 52-week low of $4.60 and a 52-week high of $17.14.

Gambling.com Group (NASDAQ:GAMB) last announced its quarterly earnings data on Thursday, November 13th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.07. The business had revenue of $38.98 million for the quarter, compared to analysts’ expectations of $41.06 million. Gambling.com Group had a return on equity of 37.78% and a net margin of 1.23%. Research analysts predict that Gambling.com Group will post 0.88 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC increased its stake in shares of Gambling.com Group by 0.9% in the 2nd quarter. Geode Capital Management LLC now owns 215,084 shares of the company’s stock worth $2,557,000 after acquiring an additional 1,822 shares in the last quarter. AdvisorShares Investments LLC boosted its stake in Gambling.com Group by 8.0% during the second quarter. AdvisorShares Investments LLC now owns 25,520 shares of the company’s stock worth $303,000 after acquiring an additional 1,900 shares in the last quarter. Stoneridge Investment Partners LLC grew its holdings in Gambling.com Group by 9.1% in the third quarter. Stoneridge Investment Partners LLC now owns 26,021 shares of the company’s stock worth $213,000 after purchasing an additional 2,171 shares during the period. SBI Securities Co. Ltd. increased its stake in shares of Gambling.com Group by 21,963.6% during the second quarter. SBI Securities Co. Ltd. now owns 2,427 shares of the company’s stock valued at $29,000 after purchasing an additional 2,416 shares in the last quarter. Finally, J. Safra Sarasin Holding AG increased its stake in shares of Gambling.com Group by 5.9% during the fourth quarter. J. Safra Sarasin Holding AG now owns 46,300 shares of the company’s stock valued at $253,000 after purchasing an additional 2,600 shares in the last quarter. 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.