Gambling.com Group (NASDAQ:GAMB) had its price target lowered by equities research analysts at Truist Securities from $17.00 to $13.00 in a research report issued to clients and investors on Thursday, Stock Target Advisor reports. The brokerage presently has a “buy” rating on the stock. Truist Securities’ target price indicates a potential upside of 39.78% from the company’s previous close.
GAMB has been the topic of several other reports. Truist dropped their price objective on Gambling.com Group from $17.00 to $13.00 and set a “buy” rating on the stock in a research report on Thursday. Zacks Investment Research downgraded Gambling.com Group from a “hold” rating to a “sell” rating in a report on Wednesday, January 5th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Gambling.com Group has an average rating of “Buy” and an average price target of $12.25.
NASDAQ GAMB opened at $9.30 on Thursday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 14.47 and a current ratio of 14.47. Gambling.com Group has a 12 month low of $6.56 and a 12 month high of $16.97. The business has a fifty day moving average of $11.27.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Morgan Stanley bought a new position in shares of Gambling.com Group in the third quarter worth about $76,000. Millennium Management LLC bought a new position in shares of Gambling.com Group in the third quarter worth about $118,000. Geode Capital Management LLC bought a new position in shares of Gambling.com Group in the third quarter worth about $125,000. Gabelli Funds LLC bought a new position in shares of Gambling.com Group in the third quarter worth about $172,000. Finally, ACT Capital L.L.C. bought a new stake in Gambling.com Group during the 3rd quarter valued at approximately $274,000. 7.94% of the stock is currently owned by hedge funds and other institutional investors.
About Gambling.com Group
Gambling.com Group Limited is a marketing company as well as provider of digital marketing services. The company through its proprietary technology platform, publishes a portfolio of premier branded websites including Gambling.com and Bookies.com. It operates principally in Ireland, the United States and Malta.
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