Gambling.com Group’s (GAMB) Buy Rating Reiterated at Truist Financial

Truist Financial restated their buy rating on shares of Gambling.com Group (NASDAQ:GAMB) in a research report sent to investors on Friday morning,Benzinga reports. They currently have a $16.00 target price on the stock, up from their previous target price of $13.00.

Separately, Craig Hallum raised their price target on Gambling.com Group from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Four analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $14.75.

Gambling.com Group Price Performance

Shares of Gambling.com Group stock opened at $11.77 on Friday. The stock has a market cap of $438.08 million, a price-to-earnings ratio of 15.09 and a beta of 0.86. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a 50 day moving average price of $10.01 and a 200-day moving average price of $9.20. Gambling.com Group has a one year low of $7.51 and a one year high of $13.00.

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

Institutional Investors Weigh In On Gambling.com Group

A number of institutional investors and hedge funds have recently bought and sold shares of GAMB. Quarry LP raised its position in Gambling.com Group by 1,997.6% during 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 bought a new stake in Gambling.com Group during the 2nd quarter valued at $115,000. MetLife Investment Management LLC raised its position 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 valued at $124,000 after purchasing an additional 6,519 shares in the last quarter. American Century Companies Inc. raised 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 valued at $128,000 after purchasing an additional 4,276 shares in the last quarter. Finally, Rhumbline Advisers raised its position in Gambling.com Group by 29.8% during the 2nd quarter. Rhumbline Advisers now owns 21,950 shares of the company’s stock valued at $180,000 after purchasing an additional 5,043 shares in the last quarter. 72.26% of the stock is owned by institutional investors.

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.