Benchmark Cuts Gambling.com Group (NASDAQ:GAMB) Price Target to $7.00

Gambling.com Group (NASDAQ:GAMB) had its target price lowered by Benchmark from $8.00 to $7.00 in a research note published on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other brokerages also recently issued reports on GAMB. Stifel Nicolaus restated a “buy” rating and issued a $12.00 price objective (down from $15.00) on shares of Gambling.com Group in a research report on Friday, November 14th. Loop Capital set a $8.50 target price on shares of Gambling.com Group in a research note on Tuesday, December 30th. Truist Financial reduced their target price on shares of Gambling.com Group from $9.00 to $7.00 and set a “hold” rating on the stock in a report on Friday, November 14th. Macquarie lowered their price target on shares of Gambling.com Group from $14.00 to $9.00 and set an “outperform” rating for the company in a report on Friday, November 14th. Finally, Weiss Ratings downgraded shares of Gambling.com Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Saturday, October 25th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $10.44.

Gambling.com Group Stock Performance

Shares of GAMB opened at $4.99 on Tuesday. Gambling.com Group has a 12-month low of $4.60 and a 12-month high of $17.14. The stock has a market cap of $178.19 million, a P/E ratio of 99.82 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. The company has a 50-day moving average of $5.26 and a two-hundred day moving average of $7.58.

Gambling.com Group (NASDAQ:GAMB) last issued its quarterly earnings data on Thursday, November 13th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.07. Gambling.com Group had a net margin of 1.23% and a return on equity of 37.78%. The business had revenue of $38.98 million during the quarter, compared to analysts’ expectations of $41.06 million. As a group, research analysts predict that Gambling.com Group will post 0.88 EPS for the current fiscal year.

Institutional Investors Weigh In On Gambling.com Group

A number of institutional investors have recently bought and sold shares of GAMB. SBI Securities Co. Ltd. raised its stake in Gambling.com Group by 21,963.6% during the second quarter. SBI Securities Co. Ltd. now owns 2,427 shares of the company’s stock worth $29,000 after purchasing an additional 2,416 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of 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 buying an additional 4,557 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Gambling.com Group during the 4th quarter worth $65,000. Sherbrooke Park Advisers LLC purchased a new position in shares of Gambling.com Group in the 3rd quarter worth $109,000. Finally, Corsair Capital Management L.P. acquired a new position in Gambling.com Group in the second quarter valued at $119,000. 72.26% of the stock is currently owned by hedge funds and other institutional investors.

About Gambling.com Group

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.