Gambling.com Group Limited (NASDAQ:GAMB – Get Rating) – Equities research analysts at Jefferies Financial Group cut their Q2 2023 EPS estimates for shares of Gambling.com Group in a report released on Sunday, November 20th. Jefferies Financial Group analyst D. Katz now forecasts that the company will post earnings of $0.06 per share for the quarter, down from their previous estimate of $0.08. The consensus estimate for Gambling.com Group’s current full-year earnings is $0.25 per share. Jefferies Financial Group also issued estimates for Gambling.com Group’s FY2024 earnings at $0.76 EPS.
GAMB has been the subject of several other research reports. Stifel Nicolaus boosted their price target on shares of Gambling.com Group from $11.00 to $12.00 and gave the stock a “buy” rating in a research note on Friday, November 18th. Truist Financial boosted their target price on shares of Gambling.com Group from $10.50 to $12.00 and gave the stock a “buy” rating in a research note on Tuesday, October 25th.
Gambling.com Group Stock Down 2.4 %
Gambling.com Group (NASDAQ:GAMB – Get Rating) last released its quarterly earnings results on Monday, August 29th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.02 by $0.07. The firm had revenue of $15.92 million for the quarter, compared to analyst estimates of $15.16 million. Gambling.com Group had a net margin of 11.72% and a return on equity of 17.56%.
Institutional Investors Weigh In On Gambling.com Group
Institutional investors and hedge funds have recently made changes to their positions in the business. G2 Investment Partners Management LLC raised its holdings in shares of Gambling.com Group by 41.0% in the first quarter. G2 Investment Partners Management LLC now owns 1,630,416 shares of the company’s stock valued at $14,462,000 after buying an additional 473,949 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Gambling.com Group by 21.8% during the third quarter. Bank of New York Mellon Corp now owns 17,318 shares of the company’s stock worth $131,000 after purchasing an additional 3,095 shares in the last quarter. First Manhattan Co. purchased a new position in Gambling.com Group during the first quarter worth about $39,000. JPMorgan Chase & Co. purchased a new position in Gambling.com Group during the second quarter worth about $37,000. Finally, American International Group Inc. purchased a new position in Gambling.com Group during the second quarter worth about $32,000. 9.76% of the stock is owned by hedge funds and other institutional investors.
Gambling.com Group Company Profile
Gambling.com Group Limited operates as a performance marketing company for the online gambling industry worldwide. The company provides digital marketing services for the iGaming and sports betting. It publishes various branded websites, including Gambling.com and Bookies.com. Gambling.com Group Limited was incorporated in 2006 and is based in St.
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