Gambling.com Group (NASDAQ:GAMB) Price Target Lowered to $18.00 at Jefferies Financial Group

Gambling.com Group (NASDAQ:GAMB) had its price target trimmed by Jefferies Financial Group from $20.00 to $18.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other analysts have also weighed in on the company. Macquarie upped their target price on Gambling.com Group from $18.00 to $19.00 and gave the company an “outperform” rating in a report on Friday, March 21st. Cantor Fitzgerald assumed coverage on Gambling.com Group in a research report on Wednesday, March 5th. They issued an “overweight” rating and a $20.00 price objective on the stock. Truist Financial reduced their price objective on Gambling.com Group from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. Finally, Wall Street Zen upgraded Gambling.com Group from a “hold” rating to a “buy” rating in a research report on Friday, May 30th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Gambling.com Group has an average rating of “Buy” and an average price target of $17.88.

Gambling.com Group Stock Up 0.1%

Gambling.com Group stock opened at $11.98 on Thursday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market capitalization of $416.25 million, a price-to-earnings ratio of 12.35 and a beta of 0.93. Gambling.com Group has a fifty-two week low of $8.01 and a fifty-two week high of $17.14. The stock’s fifty day moving average is $12.36 and its two-hundred day moving average is $13.22.

Gambling.com Group (NASDAQ:GAMB) last posted its earnings results on Thursday, May 15th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.27. The company had revenue of $40.64 million for the quarter, compared to analyst estimates of $40.07 million. Gambling.com Group had a return on equity of 34.63% and a net margin of 24.97%. Analysts predict that Gambling.com Group will post 0.88 EPS for the current fiscal year.

Hedge Funds Weigh In On Gambling.com Group

Large investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. lifted its position in Gambling.com Group by 1,968.4% during the fourth quarter. Russell Investments Group Ltd. now owns 2,420 shares of the company’s stock worth $34,000 after buying an additional 2,303 shares during the period. Quadrant Capital Group LLC lifted its position in Gambling.com Group by 481.8% during the fourth quarter. Quadrant Capital Group LLC now owns 2,461 shares of the company’s stock worth $35,000 after buying an additional 2,038 shares during the period. IFP Advisors Inc purchased a new position in Gambling.com Group during the fourth quarter worth about $49,000. Simplex Trading LLC lifted its position in Gambling.com Group by 191.0% during the first quarter. Simplex Trading LLC now owns 3,899 shares of the company’s stock worth $49,000 after buying an additional 2,559 shares during the period. Finally, Quarry LP purchased a new position in Gambling.com Group during the fourth quarter worth about $128,000. 72.26% of the stock is currently owned by hedge funds and other 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.