Gambling.com Group (NASDAQ:GAMB) Price Target Raised to $16.00

Gambling.com Group (NASDAQ:GAMB) had its target price raised by equities research analysts at Craig Hallum from $14.00 to $16.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Craig Hallum’s price objective indicates a potential upside of 35.94% from the company’s current price.

GAMB has been the subject of a number of other reports. Truist Financial reissued a “buy” rating and issued a $16.00 price target (up from $13.00) on shares of Gambling.com Group in a report on Friday. Stifel Nicolaus boosted their target price on shares of Gambling.com Group from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Friday. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $14.75.

Gambling.com Group Trading Down 5.3 %

Shares of Gambling.com Group stock opened at $11.77 on Friday. The stock has a market cap of $438.11 million, a PE ratio of 15.09 and a beta of 0.86. The firm has a fifty day moving average price of $10.01 and a 200 day moving average price of $9.20. Gambling.com Group has a 1 year low of $7.51 and a 1 year high of $13.00. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.99 and a quick ratio of 0.99.

Gambling.com Group (NASDAQ:GAMB) last issued its quarterly earnings data on Thursday, August 15th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.07. Gambling.com Group had a return on equity of 22.98% and a net margin of 22.13%. The business had revenue of $30.54 million during the quarter, compared to analysts’ expectations of $27.11 million. Equities research analysts predict that Gambling.com Group will post 0.79 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in GAMB. Quarry LP grew its position in shares of Gambling.com Group by 1,997.6% in the second quarter. Quarry LP now owns 12,019 shares of the company’s stock valued at $99,000 after purchasing an additional 11,446 shares during the period. Hsbc Holdings PLC acquired a new stake in Gambling.com Group in the 2nd quarter worth about $115,000. MetLife Investment Management LLC increased its stake in Gambling.com Group by 111.2% during the 3rd quarter. MetLife Investment Management LLC now owns 12,384 shares of the company’s stock worth $124,000 after buying an additional 6,519 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Gambling.com Group by 38.0% during the second quarter. American Century Companies Inc. now owns 15,523 shares of the company’s stock valued at $128,000 after acquiring an additional 4,276 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in shares of Gambling.com Group by 29.8% in the second quarter. Rhumbline Advisers now owns 21,950 shares of the company’s stock valued at $180,000 after acquiring an additional 5,043 shares in the last quarter. 72.26% of the stock is owned by institutional investors and hedge funds.

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.