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

Gambling.com Group (NASDAQ:GAMB) had its price objective lifted by Craig Hallum from $14.00 to $16.00 in a research report released on Friday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other analysts have also recently issued reports on GAMB. Stifel Nicolaus increased their target price on shares of Gambling.com Group from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Friday. Truist Financial restated a “buy” rating and issued a $16.00 price objective (up from $13.00) on shares of Gambling.com Group in a research report on Friday. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $14.75.

Gambling.com Group Stock Performance

GAMB stock opened at $11.77 on Friday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.17. The firm has a market cap of $438.08 million, a PE ratio of 15.09 and a beta of 0.86. The business has a 50 day moving average of $10.01 and a 200-day moving average of $9.20. Gambling.com Group has a 12-month low of $7.51 and a 12-month high of $13.00.

Gambling.com Group (NASDAQ:GAMB) last posted its quarterly earnings results on Thursday, August 15th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $30.54 million during the quarter, compared to the consensus estimate of $27.11 million. As a group, sell-side analysts expect that Gambling.com Group will post 0.8 earnings per share for the current year.

Institutional Trading of Gambling.com Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Clearbridge Investments LLC lifted its holdings in shares of Gambling.com Group by 10.4% in the 1st quarter. Clearbridge Investments LLC now owns 972,250 shares of the company’s stock worth $8,877,000 after acquiring an additional 91,799 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Gambling.com Group by 13.7% during the second quarter. Dimensional Fund Advisors LP now owns 398,016 shares of the company’s stock valued at $3,272,000 after buying an additional 47,843 shares during the period. Yarra Square Partners LP grew its stake in shares of Gambling.com Group by 27.2% during the second quarter. Yarra Square Partners LP now owns 312,981 shares of the company’s stock valued at $2,573,000 after buying an additional 67,000 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Gambling.com Group by 4.2% in the second quarter. Renaissance Technologies LLC now owns 298,800 shares of the company’s stock worth $2,456,000 after buying an additional 12,000 shares during the period. Finally, Wedge Capital Management L L P NC lifted its stake in shares of Gambling.com Group by 197.7% in the 2nd quarter. Wedge Capital Management L L P NC now owns 202,727 shares of the company’s stock valued at $1,666,000 after acquiring an additional 134,620 shares during the last quarter. Hedge funds and other institutional investors 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.