Gambling.com Group (NASDAQ:GAMB) had its price objective decreased by Truist from $17.00 to $13.00 in a research note published on Thursday morning, The Fly reports. Truist currently has a buy rating on the stock.
Separately, Zacks Investment Research lowered Gambling.com Group from a hold rating to a sell rating in a report on Wednesday, January 5th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Gambling.com Group has an average rating of Buy and an average price target of $12.25.
Shares of NASDAQ:GAMB opened at $9.30 on Thursday. The company has a current ratio of 14.47, a quick ratio of 14.47 and a debt-to-equity ratio of 0.09. The company’s fifty day moving average is $11.27. Gambling.com Group has a 1-year low of $6.56 and a 1-year high of $16.97.
Gambling.com Group (NASDAQ:GAMB) last announced its earnings results on Wednesday, November 17th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.09. Gambling.com Group had a return on equity of 41.78% and a net margin of 47.66%. The firm had revenue of $10.12 million during the quarter, compared to analyst estimates of $9.77 million. As a group, sell-side analysts forecast that Gambling.com Group will post 0.42 earnings per share for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the business. Morgan Stanley bought a new stake in shares of Gambling.com Group during the 3rd quarter valued at about $76,000. Millennium Management LLC bought a new stake in shares of Gambling.com Group during the 3rd quarter valued at about $118,000. Geode Capital Management LLC bought a new stake in Gambling.com Group in the 3rd quarter worth approximately $125,000. Gabelli Funds LLC bought a new stake in Gambling.com Group in the 3rd quarter worth approximately $172,000. Finally, ACT Capital L.L.C. bought a new stake in Gambling.com Group in the 3rd quarter worth approximately $274,000. Institutional investors and hedge funds own 7.94% of the company’s stock.
About Gambling.com Group
Gambling.com Group Limited is a marketing company as well as provider of digital marketing services. The company through its proprietary technology platform, publishes a portfolio of premier branded websites including Gambling.com and Bookies.com. It operates principally in Ireland, the United States and Malta.
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