Gambling.com Group (NASDAQ:GAMB – Get Free Report)‘s stock had its “buy” rating reaffirmed by investment analysts at Truist Financial in a research note issued on Friday, Benzinga reports. They presently have a $13.00 price target on the stock, up from their prior price target of $12.00. Truist Financial’s price objective indicates a potential upside of 22.07% from the stock’s current price.
GAMB has been the topic of several other research reports. Stifel Nicolaus decreased their target price on Gambling.com Group from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday, May 17th. B. Riley dropped their target price on shares of Gambling.com Group from $14.50 to $13.00 and set a “buy” rating for the company in a research report on Friday, May 17th. Finally, Craig Hallum boosted their price target on shares of Gambling.com Group from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Friday. Four analysts have rated the stock with a buy rating, According to data from MarketBeat, Gambling.com Group has a consensus rating of “Buy” and a consensus price target of $13.25.
Get Our Latest Research Report on GAMB
Gambling.com Group Trading Down 2.3 %
Shares of NASDAQ:GAMB opened at $10.65 on Friday. The stock has a 50 day moving average of $8.62 and a 200 day moving average of $8.70. The company has a market cap of $396.42 million, a PE ratio of 21.73 and a beta of 0.86. Gambling.com Group has a 12-month low of $7.51 and a 12-month high of $14.83. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.01.
Gambling.com Group (NASDAQ:GAMB – Get Free Report) last announced its quarterly earnings data on Thursday, May 16th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.14 by $0.06. The firm had revenue of $29.22 million for the quarter, compared to the consensus estimate 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 expect that Gambling.com Group will post 0.76 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Gabelli Funds LLC lifted its position in Gambling.com Group by 4.2% during the second quarter. Gabelli Funds LLC now owns 32,000 shares of the company’s stock valued at $263,000 after purchasing an additional 1,300 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Gambling.com Group by 5.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 41,714 shares of the company’s stock valued at $343,000 after buying an additional 2,090 shares during the period. Capstone Investment Advisors LLC lifted its position in Gambling.com Group by 9.0% in the first quarter. Capstone Investment Advisors LLC now owns 32,700 shares of the company’s stock worth $299,000 after buying an additional 2,700 shares during the last quarter. American Century Companies Inc. increased its position in Gambling.com Group by 38.0% during the second quarter. American Century Companies Inc. now owns 15,523 shares of the company’s stock valued at $128,000 after acquiring an additional 4,276 shares during the last quarter. Finally, New York State Common Retirement Fund raised its stake in shares of Gambling.com Group by 101.3% in the fourth quarter. New York State Common Retirement Fund now owns 8,739 shares of the company’s stock valued at $85,000 after acquiring an additional 4,398 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.
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