Jefferies Financial Group Cuts Gambling.com Group (NASDAQ:GAMB) Price Target to $7.00

Gambling.com Group (NASDAQ:GAMB) had its price objective decreased by equities research analysts at Jefferies Financial Group from $8.00 to $7.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s price target points to a potential upside of 68.07% from the stock’s previous close.

Several other brokerages have also recently issued reports on GAMB. Stifel Nicolaus decreased their price objective on Gambling.com Group from $12.00 to $8.00 and set a “buy” rating for the company in a research note on Friday. Freedom Capital raised shares of Gambling.com Group to a “strong-buy” rating in a report on Tuesday, December 30th. BTIG Research reiterated a “neutral” rating on shares of Gambling.com Group in a research note on Friday, November 14th. 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 report on Friday. Finally, Glj Research set a $7.50 price objective on shares of Gambling.com Group in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $7.88.

Gambling.com Group Trading Down 4.3%

Shares of NASDAQ GAMB traded down $0.19 during trading on Friday, reaching $4.17. The stock had a trading volume of 925,918 shares, compared to its average volume of 527,434. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.46 and a current ratio of 0.46. The company has a market cap of $148.74 million, a P/E ratio of 83.32 and a beta of 0.88. Gambling.com Group has a fifty-two week low of $3.98 and a fifty-two week high of $14.95. The business’s 50-day moving average price is $4.63 and its 200-day moving average price is $6.10.

Gambling.com Group (NASDAQ:GAMB) last released its earnings results on Thursday, March 12th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.10. The company had revenue of $46.24 million during the quarter, compared to the consensus estimate of $46.06 million. Gambling.com Group had a return on equity of 37.78% and a net margin of 1.23%. On average, equities research analysts predict that Gambling.com Group will post 0.88 EPS for the current fiscal year.

Hedge Funds Weigh In On Gambling.com Group

Hedge funds have recently made changes to their positions in the company. SBI Securities Co. Ltd. increased its position in shares of Gambling.com Group by 21,963.6% during the second quarter. SBI Securities Co. Ltd. now owns 2,427 shares of the company’s stock worth $29,000 after purchasing an additional 2,416 shares in the last quarter. Tower Research Capital LLC TRC increased its position in 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 buying an additional 4,557 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Gambling.com Group in the fourth quarter valued at approximately $65,000. Deutsche Bank AG grew its position 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 last quarter. Finally, HRT Financial LP acquired a new position in shares of Gambling.com Group in the 4th quarter valued at $88,000. 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.