Gambling.com Group (NASDAQ:GAMB) Price Target Cut to $9.00 by Analysts at Macquarie

Gambling.com Group (NASDAQ:GAMB) had its price objective reduced by Macquarie from $14.00 to $9.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Macquarie’s price target indicates a potential upside of 70.68% from the company’s previous close.

Other analysts have also issued reports about the stock. Weiss Ratings lowered shares of Gambling.com Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Saturday, October 25th. Wall Street Zen cut shares of Gambling.com Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 16th. Zacks Research lowered Gambling.com Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 1st. Stifel Nicolaus reiterated a “buy” rating and set a $12.00 target price (down from $15.00) on shares of Gambling.com Group in a research report on Friday. Finally, Jefferies Financial Group reduced their price target on Gambling.com Group from $13.00 to $8.00 and set a “buy” rating for the company in a research report on Friday. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $13.00.

Gambling.com Group Stock Performance

NASDAQ:GAMB traded up $0.02 during trading hours on Friday, reaching $5.27. The company had a trading volume of 1,658,999 shares, compared to its average volume of 548,056. The firm’s 50 day moving average price is $7.69 and its 200-day moving average price is $10.05. The firm has a market cap of $188.31 million, a price-to-earnings ratio of 12.97 and a beta of 0.85. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.57. Gambling.com Group has a 52 week low of $4.79 and a 52 week high of $17.14.

Gambling.com Group (NASDAQ:GAMB) last issued its quarterly earnings data on Thursday, November 13th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.19 by $0.07. Gambling.com Group had a return on equity of 38.04% and a net margin of 9.66%.The company had revenue of $38.98 million during the quarter, compared to analyst estimates of $41.06 million. Gambling.com Group has set its FY 2025 guidance at EPS. On average, analysts forecast that Gambling.com Group will post 0.88 EPS for the current year.

Hedge Funds Weigh In On Gambling.com Group

Several institutional investors have recently added to or reduced their stakes in GAMB. Cubist Systematic Strategies LLC raised its stake in Gambling.com Group by 185.5% during the first quarter. Cubist Systematic Strategies LLC now owns 193,686 shares of the company’s stock valued at $2,444,000 after purchasing an additional 125,834 shares in the last quarter. Diversified Investment Strategies LLC increased its holdings in shares of Gambling.com Group by 52.8% in the 2nd quarter. Diversified Investment Strategies LLC now owns 275,000 shares of the company’s stock worth $3,270,000 after buying an additional 95,000 shares during the last quarter. Trexquant Investment LP bought a new stake in shares of Gambling.com Group in the 1st quarter worth about $1,249,000. Steamboat Capital Partners LLC raised its position in shares of Gambling.com Group by 47.6% during the 1st quarter. Steamboat Capital Partners LLC now owns 147,422 shares of the company’s stock valued at $1,860,000 after buying an additional 47,517 shares in the last quarter. Finally, Acadian Asset Management LLC raised its position in shares of Gambling.com Group by 26.1% during the 1st quarter. Acadian Asset Management LLC now owns 394,841 shares of the company’s stock valued at $4,974,000 after buying an additional 81,836 shares in the last quarter. Hedge funds and other institutional investors own 72.26% of the company’s stock.

Gambling.com Group Company Profile

Gambling.com Group Limited operates as a performance marketing company for the online gambling industry worldwide. It provides digital marketing services for the iGaming and social casino products. The company's focus is on online casino, online sports betting, and fantasy sports industry. It publishes various branded websites, including Gambling.com, Casinos.com, RotoWire.com, and Bookies.com.