Gambling.com Group (NASDAQ:GAMB) Price Target Cut to $3.00 by Analysts at Truist Financial

Gambling.com Group (NASDAQ:GAMB) had its target price cut by Truist Financial from $5.00 to $3.00 in a research report report published on Monday,Benzinga reports. They currently have a hold rating on the stock.

Several other equities research analysts have also commented on GAMB. Wall Street Zen upgraded shares of Gambling.com Group from a “sell” rating to a “hold” rating in a research note on Sunday, May 17th. Benchmark restated a “speculative buy” rating and issued a $4.00 price objective (down from $6.00) on shares of Gambling.com Group in a research note on Friday, May 15th. Weiss Ratings restated a “sell (d)” rating on shares of Gambling.com Group in a research note on Wednesday, June 17th. Stifel Nicolaus dropped their price objective on Gambling.com Group from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Thursday, April 9th. Finally, Zacks Research cut Gambling.com Group from a “hold” rating to a “strong sell” rating in a research report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Gambling.com Group presently has an average rating of “Hold” and an average target price of $7.12.

Gambling.com Group Stock Performance

Shares of Gambling.com Group stock opened at $1.81 on Monday. The firm has a market capitalization of $63.53 million, a P/E ratio of -1.40 and a beta of 0.73. Gambling.com Group has a 52 week low of $1.73 and a 52 week high of $11.35. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.02. The firm’s 50 day moving average is $2.34 and its two-hundred day moving average is $3.62.

Gambling.com Group (NASDAQ:GAMB) last released its quarterly earnings data on Friday, May 15th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.06). Gambling.com Group had a positive return on equity of 27.61% and a negative net margin of 27.44%.The company had revenue of $40.44 million for the quarter, compared to analyst estimates of $40.21 million. Research analysts forecast that Gambling.com Group will post 0.14 EPS for the current fiscal year.

Institutional Trading of Gambling.com Group

Several institutional investors and hedge funds have recently bought and sold shares of GAMB. Geode Capital Management LLC increased its stake in shares of Gambling.com Group by 0.9% during the second quarter. Geode Capital Management LLC now owns 215,084 shares of the company’s stock worth $2,557,000 after acquiring an additional 1,822 shares during the period. J. Safra Sarasin Holding AG boosted its holdings in Gambling.com Group by 5.9% in the 4th quarter. J. Safra Sarasin Holding AG now owns 46,300 shares of the company’s stock valued at $253,000 after purchasing an additional 2,600 shares in the last quarter. Aristides Capital LLC boosted its holdings in Gambling.com Group by 9.0% in the 4th quarter. Aristides Capital LLC now owns 35,900 shares of the company’s stock valued at $196,000 after purchasing an additional 2,961 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Gambling.com Group by 653.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,254 shares of the company’s stock valued at $62,000 after purchasing an additional 4,557 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Gambling.com Group by 15.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 48,419 shares of the company’s stock worth $264,000 after purchasing an additional 6,655 shares during the period. Hedge funds and other institutional investors own 72.26% of the company’s stock.

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.