Benchmark Cuts Gambling.com Group (NASDAQ:GAMB) Price Target to $7.00

Gambling.com Group (NASDAQ:GAMB) had its price objective cut by Benchmark from $8.00 to $7.00 in a report released on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Benchmark’s price objective suggests a potential upside of 44.36% from the company’s previous close.

Several other analysts have also commented on the company. BTIG Research reaffirmed a “neutral” rating on shares of Gambling.com Group in a report on Friday, November 14th. Weiss Ratings downgraded Gambling.com Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Saturday, October 25th. Jefferies Financial Group lowered their price objective on shares of Gambling.com Group from $13.00 to $8.00 and set a “buy” rating on the stock in a research note on Friday, November 14th. Stifel Nicolaus reissued a “buy” rating and issued a $12.00 price objective (down previously from $15.00) on shares of Gambling.com Group in a report on Friday, November 14th. Finally, Freedom Capital raised shares of Gambling.com Group to a “strong-buy” rating in a report on Tuesday, December 30th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Gambling.com Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.44.

Gambling.com Group Stock Down 1.2%

Shares of GAMB traded down $0.06 during trading hours on Tuesday, hitting $4.85. The company had a trading volume of 97,987 shares, compared to its average volume of 385,022. The stock has a market capitalization of $173.17 million, a price-to-earnings ratio of 96.12 and a beta of 0.87. The firm has a fifty day moving average price of $5.34 and a 200-day moving average price of $7.67. Gambling.com Group has a 52-week low of $4.60 and a 52-week high of $17.14. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.46 and a current ratio of 0.46.

Gambling.com Group (NASDAQ:GAMB) last released its quarterly earnings data 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 return on equity of 37.78% and a net margin of 1.23%.The business had revenue of $38.98 million for the quarter, compared to analysts’ expectations of $41.06 million. On average, equities research analysts forecast that Gambling.com Group will post 0.88 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GAMB. Geode Capital Management LLC grew its holdings in Gambling.com Group by 0.9% during the 2nd quarter. Geode Capital Management LLC now owns 215,084 shares of the company’s stock valued at $2,557,000 after buying an additional 1,822 shares in the last quarter. AdvisorShares Investments LLC boosted its position in shares of Gambling.com Group by 8.0% during the 2nd quarter. AdvisorShares Investments LLC now owns 25,520 shares of the company’s stock valued at $303,000 after acquiring an additional 1,900 shares during the last quarter. Stoneridge Investment Partners LLC boosted its position in shares of Gambling.com Group by 9.1% during the 3rd quarter. Stoneridge Investment Partners LLC now owns 26,021 shares of the company’s stock valued at $213,000 after acquiring an additional 2,171 shares during the last quarter. SBI Securities Co. Ltd. grew its holdings 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 valued at $29,000 after purchasing an additional 2,416 shares in the last quarter. Finally, J. Safra Sarasin Holding AG grew its holdings in shares of Gambling.com Group by 5.9% in the fourth quarter. J. Safra Sarasin Holding AG now owns 46,300 shares of the company’s stock valued at $253,000 after purchasing an additional 2,600 shares in the last quarter. 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.