Gambling.com Group (NASDAQ:GAMB) Price Target Lowered to $13.00 at Truist Securities

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.

Gambling.com Group (NASDAQ:GAMB) last released its quarterly earnings data on Wednesday, November 17th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.05 by $0.09. Gambling.com Group had a return on equity of 41.78% and a net margin of 47.66%. The company had revenue of $10.12 million for the quarter, compared to analysts’ expectations of $9.77 million. As a group, equities analysts anticipate that Gambling.com Group will post 0.42 earnings per share for the current year.

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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