Gambling.com Group (NASDAQ:GAMB) Given New $8.00 Price Target at Jefferies Financial Group

Gambling.com Group (NASDAQ:GAMB) had its price objective lowered by Jefferies Financial Group from $13.00 to $8.00 in a report published on Friday morning,Benzinga reports. Jefferies Financial Group currently has a buy rating on the stock.

Several other research firms have also issued reports on GAMB. Weiss Ratings lowered 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 report on Saturday, August 16th. Zacks Research downgraded shares of Gambling.com Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 1st. BTIG Research reissued a “neutral” rating on shares of Gambling.com Group in a research report on Friday. Finally, Stifel Nicolaus restated a “buy” rating and issued a $12.00 price objective (down previously from $15.00) on shares of Gambling.com Group in a research report on Friday. Six equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $13.00.

Gambling.com Group Trading Down 0.2%

Shares of GAMB stock traded down $0.01 on Friday, hitting $5.24. 2,516,271 shares of the company’s stock traded hands, compared to its average volume of 1,014,587. The stock has a market capitalization of $187.12 million, a price-to-earnings ratio of 104.82 and a beta of 0.85. The company’s fifty day simple moving average is $7.63 and its 200 day simple moving average is $10.00. Gambling.com Group has a one year low of $4.79 and a one year high of $17.14. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.59 and a current ratio of 0.59.

Gambling.com Group (NASDAQ:GAMB) last posted its quarterly earnings results on Thursday, November 13th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.07. Gambling.com Group had a net margin of 1.23% and a return on equity of 37.56%. The business 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. Equities analysts forecast that Gambling.com Group will post 0.88 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in GAMB. G2 Investment Partners Management LLC boosted its stake in shares of Gambling.com Group by 70.9% during the 2nd quarter. G2 Investment Partners Management LLC now owns 1,802,443 shares of the company’s stock valued at $21,431,000 after purchasing an additional 747,559 shares in the last quarter. Boothbay Fund Management LLC raised its stake in Gambling.com Group by 225.2% in the second quarter. Boothbay Fund Management LLC now owns 669,989 shares of the company’s stock worth $7,966,000 after buying an additional 463,993 shares in the last quarter. Divisadero Street Capital Management LP purchased a new stake in Gambling.com Group in the second quarter worth about $3,635,000. Driehaus Capital Management LLC boosted its position in Gambling.com Group by 47.4% during the 1st quarter. Driehaus Capital Management LLC now owns 750,454 shares of the company’s stock valued at $9,471,000 after acquiring an additional 241,386 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of Gambling.com Group by 362.2% during the 2nd quarter. American Century Companies Inc. now owns 193,669 shares of the company’s stock worth $2,303,000 after acquiring an additional 151,767 shares during the period. 72.26% of the stock is currently owned by institutional investors.

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.