Gambling.com Group (NASDAQ:GAMB – Get Free Report) had its price objective decreased by research analysts at Craig Hallum from $15.00 to $12.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Craig Hallum’s price objective would suggest a potential upside of 50.00% from the company’s current price.
Other equities analysts have also issued research reports about the stock. Stifel Nicolaus reduced their price objective on shares of Gambling.com Group from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Friday. B. Riley reduced their price objective on shares of Gambling.com Group from $14.50 to $13.00 and set a “buy” rating for the company in a research report on Friday. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $14.00.
Read Our Latest Stock Analysis on Gambling.com Group
Gambling.com Group Stock Performance
Shares of GAMB opened at $8.00 on Friday. The firm has a 50-day moving average price of $8.88 and a 200 day moving average price of $9.52. The firm has a market capitalization of $297.76 million, a PE ratio of 16.33 and a beta of 0.92. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.01. Gambling.com Group has a 52-week low of $7.60 and a 52-week high of $14.83.
Gambling.com Group (NASDAQ:GAMB – Get Free Report) last announced its earnings results on Thursday, March 21st. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The company had revenue of $32.53 million during the quarter, compared to the consensus estimate of $27.63 million. Gambling.com Group had a net margin of 17.06% and a return on equity of 23.66%. On average, sell-side analysts anticipate that Gambling.com Group will post 0.81 earnings per share for the current fiscal year.
Institutional Trading of Gambling.com Group
A number of hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. lifted its position in shares of Gambling.com Group by 237.3% in the fourth quarter. Russell Investments Group Ltd. now owns 183,611 shares of the company’s stock worth $1,790,000 after purchasing an additional 129,182 shares in the last quarter. Exchange Traded Concepts LLC purchased a new stake in shares of Gambling.com Group in the fourth quarter worth approximately $649,000. Acadian Asset Management LLC lifted its position in shares of Gambling.com Group by 151.6% in the third quarter. Acadian Asset Management LLC now owns 353,050 shares of the company’s stock worth $4,605,000 after purchasing an additional 212,742 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in shares of Gambling.com Group in the third quarter worth approximately $275,000. Finally, Algert Global LLC purchased a new stake in shares of Gambling.com Group in the third quarter worth approximately $145,000. 72.26% of the stock is 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.
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