Macquarie Increases Gambling.com Group (NASDAQ:GAMB) Price Target to $19.00

Gambling.com Group (NASDAQ:GAMB) had its price target upped by Macquarie from $18.00 to $19.00 in a research note published on Friday,Benzinga reports. They currently have an outperform rating on the stock.

A number of other equities research analysts also recently commented on the company. Craig Hallum lifted their target price on Gambling.com Group from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Friday, December 13th. BTIG Research lifted their target price on Gambling.com Group from $13.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Cantor Fitzgerald initiated coverage on Gambling.com Group in a research report on Wednesday, March 5th. They issued an “overweight” rating and a $20.00 target price on the stock. Benchmark restated a “buy” rating and issued a $18.00 target price on shares of Gambling.com Group in a research report on Thursday, February 20th. Finally, Jefferies Financial Group lifted their target price on Gambling.com Group from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $17.56.

Gambling.com Group Stock Performance

NASDAQ GAMB opened at $13.20 on Friday. The stock’s fifty day moving average is $14.20 and its two-hundred day moving average is $12.57. The firm has a market capitalization of $491.34 million, a P/E ratio of 16.92 and a beta of 0.99. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.03 and a current ratio of 1.03. Gambling.com Group has a fifty-two week low of $7.52 and a fifty-two week high of $17.14.

Gambling.com Group (NASDAQ:GAMB) last released its quarterly earnings data on Thursday, March 20th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.10. Gambling.com Group had a return on equity of 25.06% and a net margin of 23.40%. The company had revenue of $35.30 million for the quarter, compared to analyst estimates of $35.20 million. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, research analysts anticipate that Gambling.com Group will post 0.88 earnings per share for the current year.

Institutional Investors Weigh In On Gambling.com Group

Several institutional investors and hedge funds have recently modified their holdings of the company. Barclays PLC increased its holdings in Gambling.com Group by 94.0% during the 3rd quarter. Barclays PLC now owns 38,494 shares of the company’s stock worth $385,000 after purchasing an additional 18,656 shares during the period. Los Angeles Capital Management LLC purchased a new stake in Gambling.com Group during the 4th quarter worth about $2,280,000. Gagnon Securities LLC purchased a new stake in Gambling.com Group during the 4th quarter worth about $317,000. M&T Bank Corp purchased a new stake in Gambling.com Group during the 4th quarter worth about $195,000. Finally, IFP Advisors Inc purchased a new stake in Gambling.com Group during the 4th quarter worth about $49,000. Hedge funds and other 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.