Craig Hallum Issues Positive Forecast for Gambling.com Group (NASDAQ:GAMB) Stock Price

Gambling.com Group (NASDAQ:GAMB) had its price target upped by Craig Hallum from $14.00 to $16.00 in a research note issued to investors on Friday,Benzinga reports. Craig Hallum currently has a buy rating on the stock.

GAMB has been the topic of several other research reports. Stifel Nicolaus upped their price target on Gambling.com Group from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Friday. Truist Financial reissued a “buy” rating and issued a $16.00 target price (up from $13.00) on shares of Gambling.com Group in a research note on Friday. Four investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $14.75.

Gambling.com Group Price Performance

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

Gambling.com Group (NASDAQ:GAMB) last posted its quarterly earnings data on Thursday, August 15th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.13 by $0.07. Gambling.com Group had a net margin of 23.40% and a return on equity of 25.28%. The business had revenue of $30.54 million for the quarter, compared to analyst estimates of $27.11 million. Research analysts predict that Gambling.com Group will post 0.8 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Gambling.com Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quarry LP increased its holdings in shares of Gambling.com Group by 1,997.6% in the 2nd quarter. Quarry LP now owns 12,019 shares of the company’s stock worth $99,000 after purchasing an additional 11,446 shares in the last quarter. Hsbc Holdings PLC bought a new stake in Gambling.com Group in the 2nd quarter worth about $115,000. MetLife Investment Management LLC grew its stake in shares of Gambling.com Group by 111.2% in 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 holdings 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 grew its position in 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 purchasing an additional 5,043 shares during the period. 72.26% of the stock is owned by institutional investors.

About Gambling.com Group

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.