Truist Financial Cuts Gambling.com Group (NASDAQ:GAMB) Price Target to $3.00

Gambling.com Group (NASDAQ:GAMB) had its price target cut by Truist Financial from $5.00 to $3.00 in a research report sent to investors on Monday,Benzinga reports. They currently have a hold rating on the stock.

Several other research analysts have also recently commented on GAMB. Weiss Ratings reiterated a “sell (d)” rating on shares of Gambling.com Group in a report on Wednesday, June 17th. Stifel Nicolaus cut their price target on shares of Gambling.com Group from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Thursday, April 9th. Zacks Research downgraded shares of Gambling.com Group from a “hold” rating to a “strong sell” rating in a research report on Monday, July 6th. Wall Street Zen upgraded shares of Gambling.com Group from a “sell” rating to a “hold” rating in a research report on Sunday, May 17th. Finally, Benchmark reaffirmed a “speculative buy” rating and issued a $4.00 price objective (down from $6.00) on shares of Gambling.com Group in a research note on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $7.12.

Gambling.com Group Trading Down 0.5%

Shares of NASDAQ GAMB opened at $1.84 on Monday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.02. Gambling.com Group has a 12 month low of $1.73 and a 12 month high of $11.34. The company has a market cap of $64.58 million, a price-to-earnings ratio of -1.43 and a beta of 0.73. The business has a fifty day simple moving average of $2.24 and a 200-day simple moving average of $3.57.

Gambling.com Group (NASDAQ:GAMB) last issued its quarterly earnings results on Friday, May 15th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.06). The company had revenue of $40.44 million during the quarter, compared to analysts’ expectations of $40.21 million. Gambling.com Group had a positive return on equity of 27.61% and a negative net margin of 27.44%. Sell-side analysts predict that Gambling.com Group will post 0.14 EPS for the current year.

Hedge Funds Weigh In On Gambling.com Group

Several institutional investors and hedge funds have recently modified their holdings of GAMB. Tower Research Capital LLC TRC raised its holdings in shares of 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 acquiring an additional 4,557 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Gambling.com Group during the fourth quarter valued at $65,000. Deutsche Bank AG grew its stake in Gambling.com Group by 3,262.2% in the fourth quarter. Deutsche Bank AG now owns 12,978 shares of the company’s stock valued at $71,000 after purchasing an additional 12,592 shares in the last quarter. Sherbrooke Park Advisers LLC purchased a new position in Gambling.com Group in the third quarter valued at about $109,000. Finally, HRT Financial LP acquired a new position in Gambling.com Group in the 4th quarter worth about $88,000. 72.26% of the stock is currently owned by hedge funds and other institutional investors.

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.