Stifel Nicolaus Issues Pessimistic Forecast for Gambling.com Group (NASDAQ:GAMB) Stock Price

Gambling.com Group (NASDAQ:GAMB) had its price objective lowered by research analysts at Stifel Nicolaus from $8.00 to $6.00 in a report released on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price target indicates a potential upside of 66.20% from the stock’s current price.

Other analysts have also recently issued reports about the stock. Benchmark decreased their price target on shares of Gambling.com Group from $7.00 to $6.00 and set a “buy” rating for the company in a report on Friday, March 13th. Loop Capital set a $8.50 price target on shares of Gambling.com Group in a report on Tuesday, December 30th. Freedom Capital upgraded shares of Gambling.com Group to a “strong-buy” rating in a report on Tuesday, December 30th. Jefferies Financial Group decreased their price target on shares of Gambling.com Group from $8.00 to $7.00 and set a “buy” rating for the company in a report on Friday, March 13th. Finally, Zacks Research upgraded shares of Gambling.com Group to a “hold” rating in a report on Monday, March 16th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $7.63.

Gambling.com Group Stock Performance

GAMB stock opened at $3.61 on Thursday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market cap of $126.71 million, a P/E ratio of -3.80 and a beta of 0.91. The firm has a 50 day simple moving average of $4.14 and a 200 day simple moving average of $5.45. Gambling.com Group has a 52 week low of $3.58 and a 52 week high of $14.95.

Gambling.com Group (NASDAQ:GAMB) last posted its quarterly earnings results on Thursday, March 12th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.20 by $0.10. The business had revenue of $46.24 million during the quarter, compared to analysts’ expectations of $46.06 million. Gambling.com Group had a negative net margin of 19.90% and a positive return on equity of 38.87%. Research analysts anticipate that Gambling.com Group will post 0.88 earnings per share for the current fiscal year.

Institutional Trading of Gambling.com Group

A number of institutional investors have recently added to or reduced their stakes in GAMB. Millennium Management LLC lifted its stake in Gambling.com Group by 231.9% in the third quarter. Millennium Management LLC now owns 1,231,370 shares of the company’s stock valued at $10,073,000 after acquiring an additional 860,369 shares during the last quarter. G2 Investment Partners Management LLC lifted its stake in Gambling.com Group by 70.9% in the second quarter. G2 Investment Partners Management LLC now owns 1,802,443 shares of the company’s stock valued at $21,431,000 after acquiring an additional 747,559 shares during the last quarter. Boothbay Fund Management LLC lifted 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 valued at $7,966,000 after acquiring an additional 463,993 shares during the last quarter. Prescott Group Capital Management L.L.C. acquired a new stake in Gambling.com Group in the fourth quarter valued at approximately $953,000. Finally, Goldman Sachs Group Inc. lifted its stake in Gambling.com Group by 146.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 292,404 shares of the company’s stock valued at $1,597,000 after acquiring an additional 173,933 shares during the last quarter. 72.26% of the stock is currently owned by institutional investors and hedge funds.

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.