BTIG Research Issues Pessimistic Forecast for Gambling.com Group (NASDAQ:GAMB) Stock Price

Gambling.com Group (NASDAQ:GAMB) had its target price reduced by equities research analysts at BTIG Research from $19.00 to $12.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. BTIG Research’s price target would indicate a potential upside of 39.37% from the company’s current price.

A number of other research analysts have also recently commented on the stock. Jefferies Financial Group cut their price target on shares of Gambling.com Group from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Thursday, July 3rd. Truist Financial cut shares of Gambling.com Group from a “buy” rating to a “hold” rating and cut their price target for the stock from $17.00 to $11.00 in a report on Friday. Wall Street Zen upgraded shares of Gambling.com Group from a “hold” rating to a “buy” rating in a report on Friday, May 30th. Finally, Stifel Nicolaus dropped their target price on shares of Gambling.com Group from $18.00 to $15.00 and set a “buy” rating on the stock in a report on Friday. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Gambling.com Group presently has an average rating of “Moderate Buy” and an average target price of $16.00.

Gambling.com Group Trading Down 17.1%

NASDAQ GAMB opened at $8.61 on Friday. The company’s 50-day moving average price is $11.27 and its 200-day moving average price is $12.53. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.55. The stock has a market cap of $299.28 million, a PE ratio of 21.53 and a beta of 0.91. Gambling.com Group has a 12 month low of $8.50 and a 12 month high of $17.14.

Gambling.com Group (NASDAQ:GAMB) last posted its quarterly earnings results on Thursday, August 14th. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.25. The firm had revenue of $39.59 million for the quarter, compared to analysts’ expectations of $38.93 million. Gambling.com Group had a net margin of 9.66% and a return on equity of 38.59%. Equities research analysts forecast that Gambling.com Group will post 0.88 earnings per share for the current year.

Institutional Trading of Gambling.com Group

A number of institutional investors have recently modified their holdings of the company. G2 Investment Partners Management LLC boosted its holdings in shares of Gambling.com Group by 70.9% in the 2nd quarter. G2 Investment Partners Management LLC now owns 1,802,443 shares of the company’s stock valued at $21,431,000 after buying an additional 747,559 shares in the last quarter. AWM Investment Company Inc. boosted its holdings in shares of Gambling.com Group by 9.8% in the 4th quarter. AWM Investment Company Inc. now owns 1,517,259 shares of the company’s stock valued at $21,363,000 after buying an additional 135,000 shares in the last quarter. Driehaus Capital Management LLC boosted its holdings in shares of 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 in the last quarter. Boothbay Fund Management LLC raised its position in shares of Gambling.com Group by 225.2% in the 2nd quarter. Boothbay Fund Management LLC now owns 669,989 shares of the company’s stock valued at $7,966,000 after purchasing an additional 463,993 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Gambling.com Group by 12.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 503,426 shares of the company’s stock valued at $7,089,000 after purchasing an additional 56,268 shares during the last quarter. 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.