Gambling.com Group (NASDAQ:GAMB) Given New $6.00 Price Target at Stifel Nicolaus

Gambling.com Group (NASDAQ:GAMB) had its price target reduced by stock analysts at Stifel Nicolaus from $8.00 to $6.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 62.43% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Gambling.com Group in a report on Thursday, January 22nd. Wall Street Zen lowered Gambling.com Group from a “hold” rating to a “sell” rating in a research note on Saturday, March 21st. Glj Research set a $7.50 price objective on Gambling.com Group in a research note on Thursday, March 12th. Zacks Research raised shares of Gambling.com Group to a “hold” rating in a research report on Monday, March 16th. Finally, Freedom Capital raised shares of Gambling.com Group to a “strong-buy” rating in a report on Tuesday, December 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $7.63.

Gambling.com Group Stock Performance

Shares of GAMB opened at $3.69 on Thursday. Gambling.com Group has a one year low of $3.63 and a one year high of $14.95. The company has a 50-day simple moving average of $4.18 and a two-hundred day simple moving average of $5.50. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a market capitalization of $129.66 million, a PE ratio of -3.87 and a beta of 0.91.

Gambling.com Group (NASDAQ:GAMB) last released its quarterly earnings results on Thursday, March 12th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.10. The company had revenue of $46.24 million for the quarter, compared to analyst estimates of $46.06 million. Gambling.com Group had a positive return on equity of 38.87% and a negative net margin of 19.90%. On average, analysts anticipate that Gambling.com Group will post 0.88 EPS for the current fiscal year.

Hedge Funds Weigh In On Gambling.com Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Aristides Capital LLC lifted its holdings in shares of Gambling.com Group by 9.0% during the fourth quarter. Aristides Capital LLC now owns 35,900 shares of the company’s stock worth $196,000 after purchasing an additional 2,961 shares during the period. XTX Topco Ltd purchased a new position in shares of Gambling.com Group during the fourth quarter worth $280,000. AQR Capital Management LLC lifted its position in Gambling.com Group by 27.8% during the fourth quarter. AQR Capital Management LLC now owns 137,077 shares of the company’s stock valued at $748,000 after purchasing an additional 29,854 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Gambling.com Group by 7.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 277,719 shares of the company’s stock valued at $1,518,000 after purchasing an additional 20,349 shares during the period. Finally, Barclays PLC boosted its holdings in Gambling.com Group by 31.1% in the fourth quarter. Barclays PLC now owns 119,396 shares of the company’s stock valued at $652,000 after purchasing an additional 28,323 shares during the last quarter. 72.26% of the stock is owned by hedge funds and other institutional investors.

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.