Benchmark Has Lowered Expectations for Gambling.com Group (NASDAQ:GAMB) Stock Price

Gambling.com Group (NASDAQ:GAMB) had its price target dropped by Benchmark from $8.00 to $7.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Benchmark’s price objective points to a potential upside of 43.74% from the stock’s current price.

Several other research analysts also recently issued reports on the stock. Freedom Capital upgraded shares of Gambling.com Group to a “strong-buy” rating in a report on Tuesday, December 30th. Macquarie reduced their price objective on Gambling.com Group from $14.00 to $9.00 and set an “outperform” rating on the stock in a research report on Friday, November 14th. Weiss Ratings downgraded Gambling.com Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Saturday, October 25th. BTIG Research reissued a “neutral” rating on shares of Gambling.com Group in a research note on Friday, November 14th. Finally, Jefferies Financial Group lowered their price objective on Gambling.com Group from $13.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, November 14th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $10.44.

Gambling.com Group Stock Down 0.6%

GAMB stock opened at $4.87 on Tuesday. The stock has a market capitalization of $173.91 million, a P/E ratio of 97.42 and a beta of 0.87. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.58. Gambling.com Group has a 12 month low of $4.60 and a 12 month high of $17.14. The firm has a 50-day moving average price of $5.26 and a 200-day moving average price of $7.60.

Gambling.com Group (NASDAQ:GAMB) last announced its quarterly earnings results 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. The company had revenue of $38.98 million for the quarter, compared to analyst estimates of $41.06 million. Gambling.com Group had a net margin of 1.23% and a return on equity of 37.78%. As a group, equities research analysts anticipate that Gambling.com Group will post 0.88 EPS for the current fiscal year.

Hedge Funds Weigh In On Gambling.com Group

A number of hedge funds have recently made changes to their positions in the stock. SBI Securities Co. Ltd. lifted its stake 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 worth $29,000 after acquiring an additional 2,416 shares during the period. Tower Research Capital LLC TRC raised its holdings in Gambling.com Group by 653.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,254 shares of the company’s stock worth $62,000 after purchasing an additional 4,557 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Gambling.com Group in the 4th quarter worth approximately $65,000. Sherbrooke Park Advisers LLC acquired a new position in shares of Gambling.com Group in the 3rd quarter worth approximately $109,000. Finally, Corsair Capital Management L.P. bought a new stake in shares of Gambling.com Group in the 2nd quarter valued at $119,000. 72.26% of the stock is currently owned by institutional investors.

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.