Stifel Nicolaus Cuts Gambling.com Group (NASDAQ:GAMB) Price Target to $6.00

Gambling.com Group (NASDAQ:GAMB) had its target price reduced by Stifel Nicolaus from $8.00 to $6.00 in a report published on Thursday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other research analysts have also commented on the stock. Wall Street Zen lowered shares of Gambling.com Group from a “hold” rating to a “sell” rating in a research note on Saturday, March 21st. Benchmark dropped their price objective on shares of Gambling.com Group from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday, March 13th. Glj Research set a $7.50 price objective on shares of Gambling.com Group in a research note on Thursday, March 12th. Freedom Capital upgraded shares of Gambling.com Group to a “strong-buy” rating in a research note on Tuesday, December 30th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Gambling.com Group in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $7.63.

Gambling.com Group Price Performance

Shares of NASDAQ:GAMB opened at $3.61 on Thursday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a market capitalization of $126.71 million, a P/E ratio of -3.80 and a beta of 0.91. Gambling.com Group has a 12 month low of $3.58 and a 12 month high of $14.95. The company’s fifty day moving average price is $4.14 and its 200 day moving average price is $5.43.

Gambling.com Group (NASDAQ:GAMB) last posted its quarterly earnings data on Thursday, March 12th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.10. The company had revenue of $46.24 million for the quarter, compared to analyst estimates of $46.06 million. Gambling.com Group had a negative net margin of 19.90% and a positive return on equity of 38.87%. As a group, sell-side analysts predict that Gambling.com Group will post 0.88 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC increased its stake in shares of Gambling.com Group by 653.8% during the second quarter. Tower Research Capital LLC TRC now owns 5,254 shares of the company’s stock worth $62,000 after acquiring an additional 4,557 shares during the period. SG Americas Securities LLC acquired a new position in shares of Gambling.com Group during the fourth quarter worth about $65,000. Deutsche Bank AG increased its stake in shares of Gambling.com Group by 3,262.2% during the fourth quarter. Deutsche Bank AG now owns 12,978 shares of the company’s stock worth $71,000 after acquiring an additional 12,592 shares during the period. Sherbrooke Park Advisers LLC acquired a new position in shares of Gambling.com Group during the third quarter worth about $109,000. Finally, Hohimer Wealth Management LLC acquired a new position in shares of Gambling.com Group during the second quarter worth about $190,000. 72.26% of the stock is currently owned by institutional investors and hedge funds.

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.