Gambling.com Group (NASDAQ:GAMB) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Gambling.com Group (NASDAQ:GAMB) had its price target lifted by Stifel Nicolaus from $13.00 to $14.00 in a report released on Friday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other equities research analysts also recently weighed in on GAMB. Truist Financial reissued a “buy” rating and set a $16.00 target price (up previously from $13.00) on shares of Gambling.com Group in a report on Friday. Craig Hallum increased their price target on Gambling.com Group from $12.00 to $14.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $14.75.

Gambling.com Group Stock Performance

NASDAQ:GAMB traded down $0.66 on Friday, hitting $11.77. The company’s stock had a trading volume of 418,131 shares, compared to its average volume of 166,951. The stock has a fifty day moving average of $10.01 and a two-hundred day moving average of $9.19. Gambling.com Group has a one year low of $7.51 and a one year high of $13.00. The firm has a market capitalization of $438.11 million, a P/E 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 (NASDAQ:GAMB) last posted its earnings results on Thursday, August 15th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.07. Gambling.com Group had a net margin of 22.13% and a return on equity of 22.98%. The company had revenue of $30.54 million during the quarter, compared to analysts’ expectations of $27.11 million. Research analysts predict that Gambling.com Group will post 0.79 earnings per share for the current year.

Institutional Investors Weigh In On Gambling.com Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Clearbridge Investments LLC raised its holdings in shares of Gambling.com Group by 10.4% in the first quarter. Clearbridge Investments LLC now owns 972,250 shares of the company’s stock valued at $8,877,000 after purchasing an additional 91,799 shares during the last quarter. Yarra Square Partners LP increased its stake in Gambling.com Group by 27.2% in the 2nd quarter. Yarra Square Partners LP now owns 312,981 shares of the company’s stock valued at $2,573,000 after buying an additional 67,000 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Gambling.com Group by 4.2% during the 2nd quarter. Renaissance Technologies LLC now owns 298,800 shares of the company’s stock worth $2,456,000 after buying an additional 12,000 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Gambling.com Group by 38.0% in the 2nd quarter. American Century Companies Inc. now owns 15,523 shares of the company’s stock worth $128,000 after buying an additional 4,276 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Gambling.com Group by 13.7% in the second quarter. Dimensional Fund Advisors LP now owns 398,016 shares of the company’s stock valued at $3,272,000 after acquiring an additional 47,843 shares in the last quarter. 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.