Jefferies Financial Group Cuts Gambling.com Group (NASDAQ:GAMB) Price Target to $8.00

Gambling.com Group (NASDAQ:GAMB) had its price objective reduced by Jefferies Financial Group from $13.00 to $8.00 in a report issued on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

GAMB has been the topic of several other research reports. Truist Financial reduced their price target on shares of Gambling.com Group from $9.00 to $7.00 and set a “hold” rating on the stock in a research report on Friday. Wall Street Zen cut Gambling.com Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 16th. Stifel Nicolaus restated a “buy” rating and issued a $12.00 target price (down previously from $15.00) on shares of Gambling.com Group in a research report on Friday. Zacks Research lowered Gambling.com Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 1st. Finally, BTIG Research reiterated a “neutral” rating on shares of Gambling.com Group in a report on Friday. Six research analysts have rated the stock with a Buy rating, three have given 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 target price of $13.00.

Gambling.com Group Trading Down 0.2%

Shares of GAMB stock opened at $5.24 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.57. Gambling.com Group has a twelve month low of $4.79 and a twelve month high of $17.14. The company’s 50-day moving average price is $7.63 and its 200-day moving average price is $9.96. The stock has a market cap of $187.14 million, a price-to-earnings ratio of 104.82 and a beta of 0.85.

Gambling.com Group (NASDAQ:GAMB) last issued its earnings results on Thursday, November 13th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.07. The company had revenue of $38.98 million for the quarter, compared to the consensus estimate of $41.06 million. Gambling.com Group had a net margin of 1.23% and a return on equity of 37.56%. Gambling.com Group has set its FY 2025 guidance at EPS. As a group, equities analysts predict that Gambling.com Group will post 0.88 earnings per share for the current year.

Institutional Investors Weigh In On Gambling.com Group

Institutional investors and hedge funds have recently modified their holdings of the company. Massachusetts Financial Services Co. MA acquired a new position in Gambling.com Group during the 1st quarter worth about $554,000. Wakefield Asset Management LLLP grew its position in Gambling.com Group by 6.4% in the 1st quarter. Wakefield Asset Management LLLP now owns 74,508 shares of the company’s stock valued at $940,000 after acquiring an additional 4,454 shares in the last quarter. Bastion Asset Management Inc. purchased a new stake in Gambling.com Group during the first quarter worth about $833,000. J. Safra Sarasin Holding AG lifted its position in shares of Gambling.com Group by 7.5% during the first quarter. J. Safra Sarasin Holding AG now owns 36,900 shares of the company’s stock worth $466,000 after purchasing an additional 2,590 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of Gambling.com Group by 2,516.7% in the first quarter. Deutsche Bank AG now owns 14,444 shares of the company’s stock valued at $182,000 after purchasing an additional 13,892 shares during the period. Hedge funds and other institutional investors own 72.26% of the company’s stock.

About Gambling.com Group

Gambling.com Group Limited operates as a performance marketing company for the online gambling industry worldwide. It provides digital marketing services for the iGaming and social casino products. The company's focus is on online casino, online sports betting, and fantasy sports industry. It publishes various branded websites, including Gambling.com, Casinos.com, RotoWire.com, and Bookies.com.