Gambling.com Group (NASDAQ:GAMB) PT Lowered to $13.00

Gambling.com Group (NASDAQ:GAMB) had its price target reduced by analysts at Truist Securities from $17.00 to $13.00 in a research note issued to investors on Thursday, Stock Target Advisor reports. The brokerage currently has a “buy” rating on the stock. Truist Securities’ price target suggests a potential upside of 39.78% from the company’s previous close.

GAMB has been the topic of a number of other reports. Truist lowered their price objective on Gambling.com Group from $17.00 to $13.00 and set a “buy” rating on the stock in a research note on Thursday. Zacks Investment Research lowered Gambling.com Group from a “hold” rating to a “sell” rating in a report on Wednesday, January 5th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $12.25.

Shares of Gambling.com Group stock opened at $9.30 on Thursday. Gambling.com Group has a 52-week low of $6.56 and a 52-week high of $16.97. The firm has a 50-day moving average price of $11.27. The company has a current ratio of 14.47, a quick ratio of 14.47 and a debt-to-equity ratio of 0.09.

Gambling.com Group (NASDAQ:GAMB) last announced its quarterly earnings data on Wednesday, November 17th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.09. Gambling.com Group had a return on equity of 41.78% and a net margin of 47.66%. The business had revenue of $10.12 million for the quarter, compared to analysts’ expectations of $9.77 million. As a group, sell-side analysts forecast that Gambling.com Group will post 0.42 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Morgan Stanley purchased a new position in shares of Gambling.com Group during the third quarter worth about $76,000. Millennium Management LLC purchased a new position in shares of Gambling.com Group during the third quarter worth about $118,000. Geode Capital Management LLC purchased a new position in shares of Gambling.com Group during the third quarter worth about $125,000. Gabelli Funds LLC purchased a new position in shares of Gambling.com Group during the third quarter worth about $172,000. Finally, ACT Capital L.L.C. purchased a new position in shares of Gambling.com Group during the third quarter worth about $274,000. 7.94% of the stock is owned by institutional investors.

Gambling.com Group Company Profile

Gambling.com Group Limited is a marketing company as well as provider of digital marketing services. The company through its proprietary technology platform, publishes a portfolio of premier branded websites including Gambling.com and Bookies.com. It operates principally in Ireland, the United States and Malta.

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