Macquarie Forecasts Strong Price Appreciation for Gambling.com Group (NASDAQ:GAMB) Stock

Gambling.com Group (NASDAQ:GAMB) had its price objective upped by investment analysts at Macquarie from $18.00 to $19.00 in a report released on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Macquarie’s price objective would indicate a potential upside of 44.54% from the stock’s current price.

Several other research firms have also recently issued reports on GAMB. BTIG Research upped their price objective on Gambling.com Group from $13.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Benchmark reaffirmed a “buy” rating and issued a $18.00 price target on shares of Gambling.com Group in a report on Thursday, February 20th. Jefferies Financial Group raised their price objective on shares of Gambling.com Group from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Craig Hallum upped their target price on shares of Gambling.com Group from $16.00 to $18.00 and gave the company a “buy” rating in a report on Friday, December 13th. Finally, Cantor Fitzgerald initiated coverage on shares of Gambling.com Group in a research note on Wednesday, March 5th. They set an “overweight” rating and a $20.00 price target on the stock. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Gambling.com Group presently has a consensus rating of “Buy” and a consensus price target of $17.56.

Gambling.com Group Stock Down 1.4 %

Gambling.com Group stock traded down $0.19 during trading on Friday, reaching $13.15. The stock had a trading volume of 332,320 shares, compared to its average volume of 251,810. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.20. Gambling.com Group has a 52-week low of $7.52 and a 52-week high of $17.14. The stock has a market cap of $489.30 million, a PE ratio of 16.96 and a beta of 0.99. The business has a 50 day moving average price of $14.21 and a 200 day moving average price of $12.51.

Gambling.com Group (NASDAQ:GAMB) last announced its quarterly earnings data on Thursday, March 20th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.10. The business had revenue of $35.30 million for the quarter, compared to analyst estimates of $35.20 million. Gambling.com Group had a net margin of 23.40% and a return on equity of 25.06%. Gambling.com Group’s revenue was up 8.6% compared to the same quarter last year. On average, analysts predict that Gambling.com Group will post 0.88 EPS for the current year.

Institutional Investors Weigh In On Gambling.com Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio acquired a new position in Gambling.com Group in the 4th quarter valued at about $197,000. AWM Investment Company Inc. increased its holdings in shares of Gambling.com Group by 9.8% in the fourth quarter. AWM Investment Company Inc. now owns 1,517,259 shares of the company’s stock valued at $21,363,000 after purchasing an additional 135,000 shares during the period. PharVision Advisers LLC acquired a new position in shares of Gambling.com Group in the fourth quarter valued at approximately $544,000. Squarepoint Ops LLC lifted its holdings in shares of Gambling.com Group by 95.5% during the fourth quarter. Squarepoint Ops LLC now owns 23,562 shares of the company’s stock worth $332,000 after purchasing an additional 11,508 shares during the period. Finally, State of Wyoming lifted its holdings in shares of Gambling.com Group by 134.6% during the fourth quarter. State of Wyoming now owns 25,616 shares of the company’s stock worth $361,000 after purchasing an additional 14,697 shares during the period. 72.26% of the stock is owned by hedge funds and other 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.