Benchmark Has Lowered Expectations for Gambling.com Group (NASDAQ:GAMB) Stock Price

Gambling.com Group (NASDAQ:GAMB) had its price target decreased by Benchmark from $7.00 to $6.00 in a research note issued on Friday, MarketBeat.com reports. The brokerage currently has a “buy” rating on the stock. Benchmark’s target price points to a potential upside of 41.11% from the company’s current price.

A number of other research analysts have also recently commented on GAMB. Freedom Capital upgraded Gambling.com Group to a “strong-buy” rating in a research note on Tuesday, December 30th. Jefferies Financial Group decreased their price objective on Gambling.com Group from $13.00 to $8.00 and set a “buy” rating for the company in a report on Friday, November 14th. BTIG Research reissued a “neutral” rating on shares of Gambling.com Group in a research report on Friday, November 14th. Glj Research set a $7.50 target price on shares of Gambling.com Group in a report on Thursday. Finally, Truist Financial set a $5.00 target price on shares of Gambling.com Group in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $8.00.

Gambling.com Group Trading Down 2.3%

Shares of NASDAQ:GAMB traded down $0.10 on Friday, hitting $4.25. The company had a trading volume of 354,096 shares, compared to its average volume of 515,454. The firm’s 50-day simple moving average is $4.63 and its two-hundred day simple moving average is $6.10. The firm has a market capitalization of $151.85 million, a price-to-earnings ratio of 85.32 and a beta of 0.88. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.58. Gambling.com Group has a 1 year low of $3.98 and a 1 year high of $14.95.

Gambling.com Group (NASDAQ:GAMB) last announced its quarterly earnings results on Thursday, March 12th. The company reported $0.30 earnings per share (EPS) 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 analysts’ expectations of $46.06 million. Gambling.com Group had a net margin of 1.23% and a return on equity of 37.78%. Equities analysts anticipate that Gambling.com Group will post 0.88 earnings per share for the current fiscal year.

Institutional Trading of Gambling.com Group

Several hedge funds and other institutional investors have recently made changes to their positions in GAMB. Jane Street Group LLC raised its stake in Gambling.com Group by 103.4% during the first quarter. Jane Street Group LLC now owns 83,969 shares of the company’s stock valued at $1,060,000 after buying an additional 42,678 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in Gambling.com Group in the second quarter worth $783,000. SBI Securities Co. Ltd. grew its stake in shares of Gambling.com Group by 21,963.6% in the second quarter. SBI Securities Co. Ltd. now owns 2,427 shares of the company’s stock worth $29,000 after acquiring an additional 2,416 shares during the last quarter. Geode Capital Management LLC increased its holdings 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 valued at $2,557,000 after acquiring an additional 1,822 shares in the last quarter. Finally, Creative Planning increased its holdings 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 valued at $747,000 after acquiring an additional 27,171 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 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.