Gambling.com Group (NASDAQ:GAMB) Price Target Raised to $19.00 at Macquarie

Gambling.com Group (NASDAQ:GAMB) had its target price increased by Macquarie from $18.00 to $19.00 in a research report report published on Friday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

A number of other brokerages also recently issued reports on GAMB. Benchmark reiterated a “buy” rating and set a $18.00 price target on shares of Gambling.com Group in a research report on Thursday, February 20th. BTIG Research increased their price target 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. Cantor Fitzgerald assumed coverage on Gambling.com Group in a research report on Wednesday, March 5th. They issued an “overweight” rating and a $20.00 target price on the stock. Craig Hallum raised their target price on Gambling.com Group from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Finally, Jefferies Financial Group raised their target price on Gambling.com Group from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $17.56.

Gambling.com Group Stock Down 1.0 %

Shares of GAMB opened at $13.20 on Friday. The company has a market capitalization of $491.34 million, a price-to-earnings ratio of 16.92 and a beta of 0.99. The stock’s 50-day moving average price is $14.20 and its 200-day moving average price is $12.54. 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.

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

Institutional Investors Weigh In On Gambling.com Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio acquired a new stake in shares of Gambling.com Group in the fourth quarter valued at approximately $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 last quarter. PharVision Advisers LLC acquired a new stake in shares of Gambling.com Group in the fourth quarter valued at approximately $544,000. Squarepoint Ops LLC increased its holdings in shares of Gambling.com Group by 95.5% in the fourth quarter. Squarepoint Ops LLC now owns 23,562 shares of the company’s stock valued at $332,000 after purchasing an additional 11,508 shares during the last quarter. Finally, State of Wyoming increased its holdings in shares of Gambling.com Group by 134.6% in the fourth quarter. State of Wyoming now owns 25,616 shares of the company’s stock valued at $361,000 after purchasing an additional 14,697 shares during the last quarter. 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.