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

Gambling.com Group (NASDAQ:GAMB) had its price objective upped by Stifel Nicolaus from $13.00 to $14.00 in a report published on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other research firms also recently weighed in on GAMB. Craig Hallum boosted their target price on shares of Gambling.com Group from $12.00 to $14.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Truist Financial reissued a “buy” rating and issued a $16.00 price objective (up from $13.00) on shares of Gambling.com Group in a report on Friday. Four research analysts have rated the stock with a buy rating, According to MarketBeat.com, Gambling.com Group has a consensus rating of “Buy” and an average target price of $14.75.

Gambling.com Group Price Performance

GAMB stock opened at $11.77 on Friday. The stock’s 50 day moving average is $10.01 and its two-hundred day moving average is $9.20. Gambling.com Group has a 52-week low of $7.51 and a 52-week high of $13.00. The company has a market capitalization of $438.08 million, a PE ratio of 15.09 and a beta of 0.86. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.17.

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 net margin of 23.40% and a return on equity of 25.28%. The business had revenue of $30.54 million during the quarter, compared to analyst estimates of $27.11 million. Analysts predict that Gambling.com Group will post 0.8 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of GAMB. Gabelli Funds LLC lifted its holdings in Gambling.com Group by 4.2% in the second quarter. Gabelli Funds LLC now owns 32,000 shares of the company’s stock worth $263,000 after acquiring an additional 1,300 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Gambling.com Group by 5.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 41,714 shares of the company’s stock worth $343,000 after purchasing an additional 2,090 shares during the last quarter. American Century Companies Inc. boosted 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 during the period. Rhumbline Advisers grew its stake in Gambling.com Group by 29.8% during the 2nd quarter. Rhumbline Advisers now owns 21,950 shares of the company’s stock worth $180,000 after buying an additional 5,043 shares during the last quarter. Finally, MetLife Investment Management LLC increased its position in Gambling.com Group by 111.2% in the third 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 during the period. 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.