Gambling.com Group (NASDAQ:GAMB) Price Target Cut to $12.00

Gambling.com Group (NASDAQ:GAMB - Get Free Report) had its target price reduced by equities research analysts at Craig Hallum from $15.00 to $12.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. Craig Hallum's price target points to a potential upside of 50.00% from the company's previous close.

Other analysts have also issued reports about the company. Stifel Nicolaus cut their price target on Gambling.com Group from $16.00 to $13.00 and set a "buy" rating on the stock in a report on Friday. B. Riley reduced their price target on Gambling.com Group from $14.50 to $13.00 and set a "buy" rating for the company in a research report on Friday. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $14.00.

Gambling.com Group Trading Up 2.0 %

NASDAQ:GAMB traded up $0.16 on Friday, reaching $8.00. The company's stock had a trading volume of 339,461 shares, compared to its average volume of 157,442. Gambling.com Group has a 1-year low of $7.60 and a 1-year high of $14.83. The business's 50-day moving average price is $8.89 and its two-hundred day moving average price is $9.57. The firm has a market cap of $297.76 million, a PE ratio of 16.94 and a beta of 0.92. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.45 and a current ratio of 1.45.

Gambling.com Group (NASDAQ:GAMB - Get Free Report) last posted 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). Gambling.com Group had a return on equity of 24.50% and a net margin of 16.81%. The business had revenue of $32.53 million for the quarter, compared to the consensus estimate of $27.63 million. Equities research analysts anticipate that Gambling.com Group will post 0.81 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Gambling.com Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Dorsey Wright & Associates bought a new stake in Gambling.com Group in the third quarter worth $26,000. Capstone Investment Advisors LLC grew its holdings in Gambling.com Group by 9.0% during the 1st quarter. Capstone Investment Advisors LLC now owns 32,700 shares of the company's stock valued at $299,000 after purchasing an additional 2,700 shares during the last quarter. New York State Common Retirement Fund lifted its stake in Gambling.com Group by 101.3% in the fourth quarter. New York State Common Retirement Fund now owns 8,739 shares of the company's stock worth $85,000 after acquiring an additional 4,398 shares during the period. Quantbot Technologies LP acquired a new position in shares of Gambling.com Group during the third quarter worth $63,000. Finally, M&T Bank Corp purchased a new position in shares of Gambling.com Group in the fourth quarter worth about $107,000. 72.26% of the stock is currently owned by 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.