Gambling.com Group (NASDAQ:GAMB) Given New $16.00 Price Target at Craig Hallum

Gambling.com Group (NASDAQ:GAMB) had its price target upped by Craig Hallum from $14.00 to $16.00 in a research report report published on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

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

Gambling.com Group Stock Down 5.3 %

Shares of NASDAQ:GAMB traded down $0.66 during trading on Friday, reaching $11.77. 418,131 shares of the company traded hands, compared to its average volume of 166,951. The firm has a fifty day simple moving average of $10.01 and a 200 day simple moving average of $9.19. 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 has a 1-year low of $7.51 and a 1-year high of $13.00. The firm has a market cap of $438.11 million, a P/E ratio of 15.09 and a beta of 0.86.

Gambling.com Group (NASDAQ:GAMB) last released its quarterly earnings results on Thursday, August 15th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.07. The business had revenue of $30.54 million for 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%. Analysts anticipate that Gambling.com Group will post 0.79 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Barclays PLC raised its holdings in Gambling.com Group by 94.0% in the 3rd quarter. Barclays PLC now owns 38,494 shares of the company’s stock valued at $385,000 after acquiring an additional 18,656 shares during the period. State Street Corp lifted its holdings in Gambling.com Group by 4.2% during the 3rd quarter. State Street Corp now owns 194,120 shares of the company’s stock worth $1,945,000 after purchasing an additional 7,806 shares during the last quarter. MetLife Investment Management LLC boosted its stake in Gambling.com Group by 111.2% in 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 during the period. Quarry LP grew 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 buying an additional 11,446 shares in the last quarter. Finally, Gabelli Funds LLC increased its position in Gambling.com Group by 4.2% during the 2nd quarter. Gabelli Funds LLC now owns 32,000 shares of the company’s stock worth $263,000 after buying an additional 1,300 shares during the period. 72.26% of the stock is currently 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.