Gambling.com Group (NASDAQ:GAMB) Given New $18.00 Price Target at Jefferies Financial Group

Gambling.com Group (NASDAQ:GAMB) had its price objective cut by equities research analysts at Jefferies Financial Group from $20.00 to $18.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s price objective would indicate a potential upside of 50.31% from the stock’s current price.

GAMB has been the topic of several other reports. Wall Street Zen upgraded shares of Gambling.com Group from a “hold” rating to a “buy” rating in a report on Friday, May 30th. Cantor Fitzgerald initiated coverage on Gambling.com Group in a research note on Wednesday, March 5th. They issued an “overweight” rating and a $20.00 target price on the stock. Truist Financial cut their price target on Gambling.com Group from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, April 23rd. Finally, Macquarie lifted their price target on Gambling.com Group from $18.00 to $19.00 and gave the company an “outperform” rating in a report on Friday, March 21st. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $17.88.

Gambling.com Group Price Performance

GAMB stock opened at $11.98 on Thursday. Gambling.com Group has a one year low of $8.01 and a one year high of $17.14. The firm has a 50-day moving average of $12.36 and a two-hundred day moving average of $13.23. The firm has a market capitalization of $416.25 million, a PE ratio of 12.35 and a beta of 0.93. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.55.

Gambling.com Group (NASDAQ:GAMB) last issued its earnings results on Thursday, May 15th. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.27. The company had revenue of $40.64 million for the quarter, compared to the consensus estimate of $40.07 million. Gambling.com Group had a return on equity of 34.63% and a net margin of 24.97%. On average, analysts forecast that Gambling.com Group will post 0.88 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. AWM Investment Company Inc. boosted its position in Gambling.com Group by 9.8% during the fourth quarter. AWM Investment Company Inc. now owns 1,517,259 shares of the company’s stock worth $21,363,000 after purchasing an additional 135,000 shares during the period. G2 Investment Partners Management LLC boosted its holdings in shares of Gambling.com Group by 22.8% during the 4th quarter. G2 Investment Partners Management LLC now owns 825,147 shares of the company’s stock worth $11,618,000 after buying an additional 153,173 shares during the period. Driehaus Capital Management LLC grew its stake in Gambling.com Group by 47.4% in the 1st quarter. Driehaus Capital Management LLC now owns 750,454 shares of the company’s stock valued at $9,471,000 after buying an additional 241,386 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Gambling.com Group by 12.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 503,426 shares of the company’s stock worth $7,089,000 after acquiring an additional 56,268 shares during the period. Finally, Topline Capital Management LLC acquired a new position in Gambling.com Group during the 4th quarter worth $6,700,000. Institutional investors and hedge funds own 72.26% of the company’s stock.

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.