Gambling.com Group (NASDAQ:GAMB) Price Target Raised to $14.00

Gambling.com Group (NASDAQ:GAMB) had its price target raised by Stifel Nicolaus from $13.00 to $14.00 in a research note released on Friday,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities analysts have also weighed in on GAMB. Truist Financial reiterated a “buy” rating and issued a $16.00 price target (up previously from $13.00) on shares of Gambling.com Group in a report on Friday. Craig Hallum lifted their target price on Gambling.com Group from $12.00 to $14.00 and gave the company a “buy” rating in a report on Friday, August 16th. Four analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $14.75.

Gambling.com Group Stock Performance

Gambling.com Group stock opened at $11.77 on Friday. The stock has a fifty day moving average price of $10.01 and a 200 day moving average price of $9.20. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.17. Gambling.com Group has a 52 week low of $7.51 and a 52 week high of $13.00. The firm has a market capitalization of $438.08 million, a P/E ratio of 15.09 and a beta of 0.86.

Gambling.com Group (NASDAQ:GAMB) last posted its quarterly earnings data on Thursday, August 15th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.07. Gambling.com Group had a net margin of 23.40% and a return on equity of 25.28%. The company had revenue of $30.54 million during the quarter, compared to the consensus estimate of $27.11 million. Equities research analysts anticipate that Gambling.com Group will post 0.8 earnings per share for the current year.

Hedge Funds Weigh In On Gambling.com Group

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

Gambling.com Group Company Profile

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.