Gambling.com Group (NASDAQ:GAMB) Price Target Lowered to $8.00 at Stifel Nicolaus

Gambling.com Group (NASDAQ:GAMB) had its target price reduced by stock analysts at Stifel Nicolaus from $12.00 to $8.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ target price indicates a potential upside of 88.15% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Glj Research set a $7.50 price objective on Gambling.com Group in a report on Thursday. BTIG Research restated a “neutral” rating on shares of Gambling.com Group in a report on Friday, November 14th. Macquarie Infrastructure dropped their target price on Gambling.com Group from $14.00 to $9.00 and set an “outperform” rating for the company in a research report on Friday, November 14th. 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. Finally, Truist Financial set a $5.00 price objective on shares of Gambling.com Group in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Gambling.com Group presently has an average rating of “Moderate Buy” and an average price target of $8.00.

Gambling.com Group Trading Down 2.3%

Shares of NASDAQ:GAMB traded down $0.10 during mid-day trading on Friday, reaching $4.25. 354,096 shares of the company were exchanged, compared to its average volume of 515,454. Gambling.com Group has a 1 year low of $3.98 and a 1 year high of $14.95. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.46 and a quick ratio of 0.46. The firm’s 50-day simple moving average is $4.63 and its 200 day simple moving average is $6.10. The firm has a market cap of $151.85 million, a price-to-earnings ratio of 85.06 and a beta of 0.88.

Gambling.com Group (NASDAQ:GAMB) last announced its earnings results on Thursday, March 12th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.10. Gambling.com Group had a return on equity of 37.78% and a net margin of 1.23%.The company had revenue of $46.24 million for the quarter, compared to analyst estimates of $46.06 million. Equities research analysts forecast that Gambling.com Group will post 0.88 EPS for the current year.

Institutional Investors Weigh In On Gambling.com Group

Large investors have recently bought and sold shares of the stock. Jane Street Group LLC raised its position in Gambling.com Group by 103.4% in the 1st quarter. Jane Street Group LLC now owns 83,969 shares of the company’s stock valued at $1,060,000 after purchasing an additional 42,678 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in shares of Gambling.com Group during the second quarter worth about $783,000. SBI Securities Co. Ltd. grew its position 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 worth $29,000 after buying an additional 2,416 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Gambling.com Group by 0.9% during the second quarter. Geode Capital Management LLC now owns 215,084 shares of the company’s stock worth $2,557,000 after buying an additional 1,822 shares during the period. Finally, Creative Planning increased its stake in shares of Gambling.com Group by 76.2% during the second quarter. Creative Planning now owns 62,836 shares of the company’s stock worth $747,000 after buying an additional 27,171 shares during the period. Hedge funds and other institutional investors own 72.26% of the company’s stock.

About Gambling.com Group

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.