Craig Hallum Boosts Gambling.com Group (NASDAQ:GAMB) Price Target to $14.00

Gambling.com Group (NASDAQ:GAMB) had its target price lifted by Craig Hallum from $12.00 to $14.00 in a research note released on Friday morning, Benzinga reports. They currently have a buy rating on the stock.

Other analysts have also recently issued research reports about the stock. B. Riley dropped their price objective on shares of Gambling.com Group from $14.50 to $13.00 and set a buy rating for the company in a research note on Friday, May 17th. Stifel Nicolaus dropped their price objective on Gambling.com Group from $16.00 to $13.00 and set a buy rating for the company in a report on Friday, May 17th. Four investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of Buy and a consensus target price of $13.25.

Gambling.com Group Stock Performance

Shares of NASDAQ GAMB opened at $10.65 on Friday. Gambling.com Group has a 12 month low of $7.51 and a 12 month high of $14.83. The stock has a 50 day moving average of $8.62 and a 200-day moving average of $8.69. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $396.42 million, a P/E ratio of 21.73 and a beta of 0.86.

Gambling.com Group (NASDAQ:GAMB) last announced its quarterly earnings results on Thursday, May 16th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.06. The business had revenue of $29.22 million for the quarter, compared to analyst estimates of $28.35 million. Gambling.com Group had a net margin of 17.06% and a return on equity of 23.12%. As a group, equities research analysts predict that Gambling.com Group will post 0.76 EPS for the current year.

Institutional Trading of Gambling.com Group

A number of hedge funds have recently added to or reduced their stakes in GAMB. Clearbridge Investments LLC grew its position in Gambling.com Group by 10.4% during 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 grew its holdings in Gambling.com Group by 13.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 398,016 shares of the company’s stock worth $3,272,000 after acquiring an additional 47,843 shares during the last quarter. Yarra Square Partners LP raised 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 acquiring an additional 67,000 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Gambling.com Group by 4.2% during the second quarter. Renaissance Technologies LLC now owns 298,800 shares of the company’s stock worth $2,456,000 after purchasing an additional 12,000 shares during the period. Finally, Wedge Capital Management L L P NC increased its holdings in Gambling.com Group by 197.7% in the second quarter. Wedge Capital Management L L P NC now owns 202,727 shares of the company’s stock valued at $1,666,000 after purchasing an additional 134,620 shares during the period. Institutional investors and hedge funds 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.