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

Gambling.com Group (NASDAQ:GAMB) had its price objective reduced by Truist Financial from $9.00 to $7.00 in a research report sent to investors on Friday morning,Benzinga reports. Truist Financial currently has a hold rating on the stock.

A number of other analysts have also issued reports on GAMB. Jefferies Financial Group lowered their price target on Gambling.com Group from $18.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, August 15th. Zacks Research lowered shares of Gambling.com Group from a “strong-buy” rating to a “hold” rating in a report on Monday, September 1st. Weiss Ratings cut shares of Gambling.com Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Saturday, October 25th. BTIG Research reissued a “neutral” rating on shares of Gambling.com Group in a research note on Friday. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $12.00 price objective (down previously from $15.00) on shares of Gambling.com Group in a research note on Friday. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $13.00.

Gambling.com Group Stock Down 0.2%

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

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

Institutional Investors Weigh In On Gambling.com Group

A number of hedge funds have recently modified their holdings of the company. Cubist Systematic Strategies LLC boosted its holdings in Gambling.com Group by 185.5% in the 1st quarter. Cubist Systematic Strategies LLC now owns 193,686 shares of the company’s stock valued at $2,444,000 after purchasing an additional 125,834 shares during the last quarter. Diversified Investment Strategies LLC raised its position in shares of Gambling.com Group by 52.8% during the 2nd quarter. Diversified Investment Strategies LLC now owns 275,000 shares of the company’s stock valued at $3,270,000 after buying an additional 95,000 shares during the period. Trexquant Investment LP acquired a new position in Gambling.com Group in the first quarter valued at approximately $1,249,000. Steamboat Capital Partners LLC grew its position in Gambling.com Group by 47.6% in the first quarter. Steamboat Capital Partners LLC now owns 147,422 shares of the company’s stock worth $1,860,000 after acquiring an additional 47,517 shares during the period. Finally, Acadian Asset Management LLC grew its position in Gambling.com Group by 26.1% in the first quarter. Acadian Asset Management LLC now owns 394,841 shares of the company’s stock worth $4,974,000 after acquiring an additional 81,836 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 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.