Jefferies Financial Group Issues Pessimistic Forecast for Gambling.com Group (NASDAQ:GAMB) Stock Price

Gambling.com Group (NASDAQ:GAMB) had its price target lowered by stock analysts at Jefferies Financial Group from $18.00 to $15.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 74.22% from the stock’s previous close.

A number of other analysts also recently issued reports on the company. Wall Street Zen upgraded Gambling.com Group from a “hold” rating to a “buy” rating in a research report on Friday, May 30th. Truist Financial lowered shares of Gambling.com Group from a “buy” rating to a “hold” rating and dropped their target price for the company from $17.00 to $11.00 in a research report on Friday. BTIG Research decreased their price target on shares of Gambling.com Group from $19.00 to $12.00 and set a “buy” rating on the stock in a report on Friday. Finally, Stifel Nicolaus lowered their price objective on shares of Gambling.com Group from $18.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $16.00.

Gambling.com Group Stock Performance

Gambling.com Group stock opened at $8.61 on Friday. Gambling.com Group has a 1-year low of $8.50 and a 1-year high of $17.14. 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 firm has a market capitalization of $299.28 million, a PE ratio of 21.53 and a beta of 0.91. The firm’s 50 day simple moving average is $11.27 and its 200 day simple moving average is $12.53.

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

Institutional Investors Weigh In On Gambling.com Group

A number of institutional investors have recently made changes to their positions in the business. Northern Trust Corp boosted its position in Gambling.com Group by 0.9% during the fourth quarter. Northern Trust Corp now owns 109,928 shares of the company’s stock valued at $1,548,000 after buying an additional 1,003 shares during the period. Geode Capital Management LLC lifted its stake in shares of Gambling.com Group by 0.9% in the 2nd quarter. Geode Capital Management LLC now owns 215,084 shares of the company’s stock valued at $2,557,000 after acquiring an additional 1,822 shares during the last quarter. AdvisorShares Investments LLC lifted its stake in shares of Gambling.com Group by 8.0% in the 2nd quarter. AdvisorShares Investments LLC now owns 25,520 shares of the company’s stock valued at $303,000 after acquiring an additional 1,900 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Gambling.com Group by 1.7% during the 4th quarter. Ameriprise Financial Inc. now owns 120,007 shares of the company’s stock valued at $1,690,000 after acquiring an additional 2,017 shares during the period. Finally, LPL Financial LLC grew its position in Gambling.com Group by 8.7% during the 4th quarter. LPL Financial LLC now owns 28,549 shares of the company’s stock worth $402,000 after acquiring an additional 2,275 shares during the last quarter. Hedge funds and other institutional investors own 72.26% of the company’s stock.

About Gambling.com Group

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.