Gambling.com Group (NASDAQ:GAMB - Get Free Report) had its price objective reduced by equities researchers at Jefferies Financial Group from $20.00 to $18.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a "buy" rating on the stock. Jefferies Financial Group's target price points to a potential upside of 50.31% from the company's current price.
Other equities analysts have also issued research reports about the company. Macquarie lifted their price objective on Gambling.com Group from $18.00 to $19.00 and gave the company an "outperform" rating in a research note on Friday, March 21st. Truist Financial reduced their price target on Gambling.com Group from $18.00 to $17.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Cantor Fitzgerald started coverage on Gambling.com Group in a report on Wednesday, March 5th. They issued an "overweight" rating and a $20.00 price target for the company. Finally, Wall Street Zen raised shares of Gambling.com Group from a "hold" rating to a "buy" rating in a report on Friday, May 30th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $17.88.
Read Our Latest Report on GAMB
Gambling.com Group Stock Performance
GAMB traded up $0.02 during trading on Thursday, reaching $11.98. 145,384 shares of the company's stock were exchanged, compared to its average volume of 316,692. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.06 and a quick ratio of 1.06. Gambling.com Group has a 1 year low of $8.01 and a 1 year high of $17.14. The company's fifty day simple moving average is $12.37 and its 200-day simple moving average is $13.26. The stock has a market capitalization of $416.29 million, a P/E ratio of 12.35 and a beta of 0.93.
Gambling.com Group (NASDAQ:GAMB - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The company reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.27. The firm had revenue of $40.64 million for the quarter, compared to analyst estimates of $40.07 million. Gambling.com Group had a net margin of 24.97% and a return on equity of 34.63%. As a group, research analysts predict that Gambling.com Group will post 0.88 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the business. Northern Trust Corp increased its holdings in Gambling.com Group by 0.9% in the 4th quarter. Northern Trust Corp now owns 109,928 shares of the company's stock worth $1,548,000 after acquiring an additional 1,003 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Gambling.com Group by 1.7% in the fourth quarter. Ameriprise Financial Inc. now owns 120,007 shares of the company's stock valued at $1,690,000 after purchasing an additional 2,017 shares during the period. Quadrant Capital Group LLC increased its stake in shares of 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 purchasing an additional 2,038 shares in the last quarter. LPL Financial LLC increased its stake in shares of Gambling.com Group by 8.7% during the fourth quarter. LPL Financial LLC now owns 28,549 shares of the company's stock worth $402,000 after purchasing an additional 2,275 shares in the last quarter. Finally, Hsbc Holdings PLC raised its position in shares of Gambling.com Group by 14.8% during the 1st quarter. Hsbc Holdings PLC now owns 17,834 shares of the company's stock worth $224,000 after purchasing an additional 2,302 shares during the last quarter. 72.26% of the stock is owned by institutional investors and hedge funds.
About Gambling.com Group
(
Get Free Report)
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.
Recommended Stories
Before you consider Gambling.com Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Gambling.com Group wasn't on the list.
While Gambling.com Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
