Gambling.com Group (NASDAQ:GAMB) Given “Buy” Rating at Truist Financial

Truist Financial reaffirmed their buy rating on shares of Gambling.com Group (NASDAQ:GAMB) in a research report released on Friday,Benzinga reports. The firm currently has a $16.00 price objective on the stock, up from their prior price objective of $13.00.

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

Gambling.com Group Price Performance

Shares of GAMB stock traded down $0.66 on Friday, reaching $11.77. The company had a trading volume of 418,131 shares, compared to its average volume of 166,951. The business’s 50-day moving average is $10.01 and its 200 day moving average is $9.19. Gambling.com Group has a one year low of $7.51 and a one year high of $13.00. 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 stock has a market capitalization of $438.11 million, a PE ratio of 15.09 and a beta of 0.86.

Gambling.com Group (NASDAQ:GAMB) last issued its quarterly earnings data on Thursday, August 15th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.13 by $0.07. The business had revenue of $30.54 million during the quarter, compared to the consensus estimate of $27.11 million. Gambling.com Group had a net margin of 22.13% and a return on equity of 22.98%. Equities research analysts forecast that Gambling.com Group will post 0.79 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Quarry LP increased its holdings in shares of Gambling.com Group by 1,997.6% during the second quarter. Quarry LP now owns 12,019 shares of the company’s stock valued at $99,000 after acquiring an additional 11,446 shares in the last quarter. Hsbc Holdings PLC bought a new position in shares of Gambling.com Group in the second quarter valued at approximately $115,000. MetLife Investment Management LLC lifted its holdings in Gambling.com Group by 111.2% during the third quarter. MetLife Investment Management LLC now owns 12,384 shares of the company’s stock worth $124,000 after acquiring an additional 6,519 shares during the period. American Century Companies Inc. boosted its position in Gambling.com Group by 38.0% in the second quarter. American Century Companies Inc. now owns 15,523 shares of the company’s stock worth $128,000 after purchasing an additional 4,276 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of 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 buying an additional 5,043 shares during the last quarter. 72.26% of the stock is owned by institutional investors and hedge funds.

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.