Gambling.com Group (NASDAQ:GAMB) Given “Speculative Buy” Rating at Benchmark

Benchmark reissued their speculative buy rating on shares of Gambling.com Group (NASDAQ:GAMBFree Report) in a report issued on Friday, MarketBeat.com reports. Benchmark currently has a $4.00 price target on the stock, down from their prior price target of $6.00.

Several other equities analysts have also weighed in on the company. Stifel Nicolaus reduced their price objective on Gambling.com Group from $8.00 to $6.00 and set a “buy” rating for the company in a report on Thursday, April 9th. Jefferies Financial Group reduced their price objective on Gambling.com Group from $8.00 to $7.00 and set a “buy” rating for the company in a report on Friday, March 13th. Weiss Ratings reissued a “sell (d+)” rating on shares of Gambling.com Group in a report on Thursday, January 22nd. Wall Street Zen lowered Gambling.com Group from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Finally, Zacks Research raised Gambling.com Group to a “hold” rating in a report on Monday, March 16th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Gambling.com Group has a consensus rating of “Moderate Buy” and an average target price of $7.38.

Check Out Our Latest Report on Gambling.com Group

Gambling.com Group Stock Performance

Shares of GAMB opened at $2.40 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $84.23 million, a price-to-earnings ratio of -1.86 and a beta of 0.83. The stock has a 50 day moving average of $3.90 and a 200 day moving average of $4.78. Gambling.com Group has a 12 month low of $2.31 and a 12 month high of $13.05.

Gambling.com Group (NASDAQ:GAMBGet Free Report) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.06). Gambling.com Group had a negative net margin of 27.44% and a positive return on equity of 26.53%. The business had revenue of $40.44 million for the quarter, compared to analysts’ expectations of $40.21 million. As a group, sell-side analysts forecast that Gambling.com Group will post 0.32 earnings per share for the current year.

Hedge Funds Weigh In On Gambling.com Group

Hedge funds have recently made changes to their positions in the stock. State of Alaska Department of Revenue grew its position in shares of Gambling.com Group by 2,253.7% in the fourth quarter. State of Alaska Department of Revenue now owns 26,620 shares of the company’s stock valued at $145,000 after purchasing an additional 25,489 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Gambling.com Group in the fourth quarter valued at $65,000. Sugar Maple Asset Management LLC purchased a new position in shares of Gambling.com Group in the fourth quarter valued at $131,000. J. Safra Sarasin Holding AG grew its position in shares of Gambling.com Group by 5.9% in the fourth quarter. J. Safra Sarasin Holding AG now owns 46,300 shares of the company’s stock valued at $253,000 after purchasing an additional 2,600 shares in the last quarter. Finally, Aristides Capital LLC purchased a new position in shares of Gambling.com Group in the third quarter valued at $269,000. 72.26% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Gambling.com Group

Here are the key news stories impacting Gambling.com Group this week:

Gambling.com Group Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Gambling.com Group (NASDAQ:GAMB)

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