In a research note published on Tuesday, Truist Financial allegedly lowered its price objective for Gambling.com Group (NASDAQ: GAMB) from $12.00 to $10.50. According to The Fly, the new price target will be $10.50. According to the price prediction supplied by Truist Financial, there is a possibility that the company’s share price will go up by 28.68% in the coming years.
Gambling.com’s Stocks in the Game An Exciting Opportunity to Take Part in the iGaming Industry’s Rapid Growth Market GAMB stock got underway at an opening price of $8.16 per share on Tuesday. Both the current and quick ratios are equal to 5.75 at this point. The figure for the debt to equity ratio comes in at 0.02. The average price of the company’s stock over the past 50 days is $8.10, and the average cost of its stock over the last 200 days is $8.55.
Gambling.com Group reached an all-time low of $6.90 in the previous year, while the firm’s stock reached an all-time high of $16.97 during the same period.
The company has a price-to-earnings ratio of 23.31, and its market capitalization is currently at $275.89 million. Gambling.com Group’s (NASDAQ: GAMB) most recent quarterly results report was made accessible to the general public on May 31st. The company reported quarterly earnings of $0.12 per share, which was $0.02 better than analysts’ consensus estimate of $0.10 per share. In addition, the return on equity for the Gambling.com Group came in at 18.59%, and the company’s net margin was 24.76%.
Both of these figures are significantly higher than average. In reality, the company took in $19.59 million in sales during the quarter, substantially higher than the estimated $17.97 million in revenue it would make. Market experts anticipate Gambling.com Group to make profits of 0.3 cents per share for the current fiscal year. These forecasts are based on the company’s historical performance. Recently, hedge funds have gone through the process of making changes to their stock holdings.
Exchange Traded Concepts LLC increased the proportion of Gambling.com Group, which it controlled by 76.2% during the first three months of 2018.
Exchange Traded Concepts LLC now holds 370,791 shares of the company’s stock, which has a value of $3,289,000 following the acquisition of an additional 160,327 shares during the most recent quarter. A new investment of the sum of $840,000 was made in Gambling.com Group by Yarra Square Partners L.P. during the final three months of 2018. During the last three months of 2018, Kamunting Street Capital Management L.P. expanded its portfolio of interests by purchasing an additional 22.6% of the Gambling.com Group. Following acquiring an additional 38,474 shares during the preceding quarter, Kamunting Street Capital Management L.P. now has 208,474 shares. The total value of these shares is $2,116,000. Seaport Global Advisors LLC made an additional investment of $358,000 throughout the final three months of 2018 to acquire a share in Gambling.com Group.
In the last fiscal year’s fourth quarter transaction, Qube Research & Technologies Ltd. added to its holdings of Gambling.com Group shares by purchasing additional shares for a total of $116,000, which brought the company’s total purchase price to $116,000. To the tune of 9.76% of the total shares outstanding, institutional investors and hedge funds collectively hold a stake in the company. Gambling.com Group Limited is a performance marketing company that caters to the requirements of the global online gambling industry. Both the online gambling business (iGaming) and the sports betting industry (sports betting) can take advantage of the digital marketing services offered by the company.
It runs several websites under various names, including Gambling.com and Bookies.com, among others, among other domains. In 2006, commercial operations began for the Gambling.com Group Limited, which maintains its headquarters in St. Kitts.