Stifel Nicolaus Has Lowered Expectations for Gambling.com Group (NASDAQ:GAMB) Stock Price

Gambling.com Group (NASDAQ:GAMB) had its price objective dropped by equities research analysts at Stifel Nicolaus from $12.00 to $8.00 in a report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 88.15% from the stock’s previous close.

A number of other research analysts also recently commented on the company. BTIG Research reiterated a “neutral” rating on shares of Gambling.com Group in a report on Friday, November 14th. Glj Research set a $7.50 price target on Gambling.com Group in a report on Thursday. Freedom Capital upgraded shares of Gambling.com Group to a “strong-buy” rating in a research note on Tuesday, December 30th. Jefferies Financial Group cut their price objective on shares of Gambling.com Group from $13.00 to $8.00 and set a “buy” rating on the stock in a report on Friday, November 14th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Gambling.com Group in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Gambling.com Group has a consensus rating of “Moderate Buy” and an average price target of $8.00.

Gambling.com Group Stock Down 2.3%

Shares of Gambling.com Group stock traded down $0.10 during trading on Friday, hitting $4.25. 354,096 shares of the stock were exchanged, compared to its average volume of 515,454. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.46 and a quick ratio of 0.46. The firm’s 50-day moving average price is $4.63 and its 200 day moving average price is $6.10. The stock has a market cap of $151.85 million, a price-to-earnings ratio of 85.06 and a beta of 0.88. Gambling.com Group has a 12-month low of $3.98 and a 12-month high of $14.95.

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

Institutional Trading of Gambling.com Group

Large investors have recently made changes to their positions in the company. Millennium Management LLC lifted its stake in Gambling.com Group by 231.9% in the third quarter. Millennium Management LLC now owns 1,231,370 shares of the company’s stock valued at $10,073,000 after buying an additional 860,369 shares during the last quarter. G2 Investment Partners Management LLC grew its position in shares of Gambling.com Group by 70.9% during the second quarter. G2 Investment Partners Management LLC now owns 1,802,443 shares of the company’s stock worth $21,431,000 after acquiring an additional 747,559 shares during the last quarter. Boothbay Fund Management LLC increased its holdings in shares of Gambling.com Group by 225.2% in the 2nd quarter. Boothbay Fund Management LLC now owns 669,989 shares of the company’s stock valued at $7,966,000 after acquiring an additional 463,993 shares during the period. Divisadero Street Capital Management LP acquired a new position in shares of Gambling.com Group in the 2nd quarter valued at $3,635,000. Finally, Prescott Group Capital Management L.L.C. purchased a new stake in Gambling.com Group in the 4th quarter valued at $953,000. 72.26% of the stock is owned by institutional investors and hedge funds.

About Gambling.com Group

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.