Stifel Nicolaus Lowers Gambling.com Group (NASDAQ:GAMB) Price Target to $6.00

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

Several other research firms have also weighed in on GAMB. Zacks Research upgraded shares of Gambling.com Group to a “hold” rating in a research report on Monday, March 16th. Glj Research set a $7.50 target price on shares of Gambling.com Group in a research report on Thursday, March 12th. Freedom Capital raised Gambling.com Group to a “strong-buy” rating in a report on Tuesday, December 30th. Truist Financial cut their price target on Gambling.com Group from $6.00 to $5.00 and set a “hold” rating for the company in a research note on Thursday, March 12th. Finally, Wall Street Zen lowered Gambling.com Group from a “hold” rating to a “sell” rating in a research note on Saturday, March 21st. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Gambling.com Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.63.

Gambling.com Group Price Performance

Shares of GAMB opened at $3.69 on Thursday. The stock has a market cap of $129.66 million, a P/E ratio of -3.87 and a beta of 0.91. The business’s fifty day moving average is $4.18 and its 200 day moving average is $5.50. Gambling.com Group has a 12-month low of $3.63 and a 12-month high of $14.95. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04.

Gambling.com Group (NASDAQ:GAMB) last released its quarterly earnings results on Thursday, March 12th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.10. The business had revenue of $46.24 million during 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%. Sell-side analysts anticipate that Gambling.com Group will post 0.88 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its position in Gambling.com Group by 653.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,254 shares of the company’s stock worth $62,000 after buying an additional 4,557 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Gambling.com Group in the 4th quarter valued at $65,000. Deutsche Bank AG grew its holdings in shares of Gambling.com Group by 3,262.2% during the 4th quarter. Deutsche Bank AG now owns 12,978 shares of the company’s stock valued at $71,000 after purchasing an additional 12,592 shares during the last quarter. HRT Financial LP bought a new position in shares of Gambling.com Group during the 4th quarter valued at $88,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Gambling.com Group in the fourth quarter worth $99,000. 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.