Gambling.com Group (NASDAQ:GAMB) Earns “Buy” Rating from Truist Financial

Truist Financial reaffirmed their buy rating on shares of Gambling.com Group (NASDAQ:GAMB) in a report published on Friday morning,Benzinga reports. They currently have a $16.00 target price on the stock, up from their prior target price of $13.00.

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

Gambling.com Group Trading Down 5.3 %

GAMB opened at $11.77 on Friday. The firm 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. Gambling.com Group has a 12 month low of $7.51 and a 12 month high of $13.00. The stock has a fifty day moving average price of $10.01 and a 200-day moving average price of $9.20.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quarry LP grew its stake in Gambling.com Group by 1,997.6% during the 2nd quarter. Quarry LP now owns 12,019 shares of the company’s stock valued at $99,000 after purchasing an additional 11,446 shares during the last quarter. MetLife Investment Management LLC grew its stake in Gambling.com Group by 111.2% during 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 last quarter. Hsbc Holdings PLC purchased a new stake in Gambling.com Group during the 2nd quarter valued at about $115,000. American Century Companies Inc. grew its stake in Gambling.com Group by 38.0% during the 2nd quarter. American Century Companies Inc. now owns 15,523 shares of the company’s stock valued at $128,000 after purchasing an additional 4,276 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in Gambling.com Group by 29.8% during the 2nd quarter. Rhumbline Advisers now owns 21,950 shares of the company’s stock valued at $180,000 after purchasing an additional 5,043 shares during the last quarter. 72.26% of the stock is currently 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.