Gambling.com Group (NASDAQ:GAMB – Get Free Report) had its target price cut by equities researchers at B. Riley from $14.50 to $13.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has a “buy” rating on the stock. B. Riley’s price target would suggest a potential upside of 62.50% from the company’s previous close. B. Riley also issued estimates for Gambling.com Group’s Q2 2024 earnings at $0.14 EPS, Q3 2024 earnings at $0.18 EPS, Q4 2024 earnings at $0.28 EPS, Q1 2025 earnings at $0.24 EPS, Q3 2025 earnings at $0.25 EPS, Q4 2025 earnings at $0.32 EPS and FY2025 earnings at $1.00 EPS.
Separately, Stifel Nicolaus lowered their target price on shares of Gambling.com Group from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Friday. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, Gambling.com Group currently has a consensus rating of “Buy” and a consensus price target of $14.00.
Get Our Latest Analysis on GAMB
Gambling.com Group Trading Up 2.0 %
Shares of Gambling.com Group stock opened at $8.00 on Friday. The stock has a market capitalization of $297.76 million, a PE ratio of 16.33 and a beta of 0.92. Gambling.com Group has a 52 week low of $7.60 and a 52 week high of $14.83. The stock has a 50 day moving average price of $8.88 and a two-hundred day moving average price of $9.52. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.45 and a current ratio of 1.45.
Gambling.com Group (NASDAQ:GAMB – Get Free Report) last posted its quarterly earnings results on Thursday, March 21st. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.01). Gambling.com Group had a net margin of 17.06% and a return on equity of 23.66%. The business had revenue of $32.53 million during the quarter, compared to analyst estimates of $27.63 million. As a group, equities analysts anticipate that Gambling.com Group will post 0.81 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Gambling.com Group
Hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. grew its holdings in shares of Gambling.com Group by 237.3% in the fourth quarter. Russell Investments Group Ltd. now owns 183,611 shares of the company’s stock valued at $1,790,000 after acquiring an additional 129,182 shares in the last quarter. Exchange Traded Concepts LLC purchased a new position in Gambling.com Group in the fourth quarter worth $649,000. Acadian Asset Management LLC grew its stake in Gambling.com Group by 151.6% in the 3rd quarter. Acadian Asset Management LLC now owns 353,050 shares of the company’s stock valued at $4,605,000 after purchasing an additional 212,742 shares during the period. O Shaughnessy Asset Management LLC purchased a new stake in shares of Gambling.com Group during the 3rd quarter valued at $275,000. Finally, Algert Global LLC bought a new stake in shares of Gambling.com Group during the 3rd quarter worth $145,000. Institutional investors own 72.26% of the company’s stock.
About Gambling.com Group
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.
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