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

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

A number of other research analysts have also recently weighed in on the company. Jefferies Financial Group lifted their price objective 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. Craig Hallum lifted their price objective 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. Benchmark restated a “buy” rating and issued a $18.00 price target on shares of Gambling.com Group in a research note on Thursday, February 20th. Cantor Fitzgerald started coverage on Gambling.com Group in a research note on Wednesday, March 5th. They issued an “overweight” rating and a $20.00 price target for the company. Finally, BTIG Research upped their price target on Gambling.com Group from $13.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $17.56.

Gambling.com Group Trading Down 1.0 %

Shares of NASDAQ:GAMB opened at $13.20 on Friday. The stock has a market capitalization of $491.34 million, a price-to-earnings ratio of 16.92 and a beta of 0.99. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.03 and a current ratio of 1.03. The stock’s 50-day simple moving average is $14.20 and its two-hundred day simple moving average is $12.57. 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 posted its quarterly earnings data on Thursday, March 20th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.10. Gambling.com Group had a return on equity of 25.06% and a net margin of 23.40%. The firm had revenue of $35.30 million for the quarter, compared to analysts’ expectations of $35.20 million. The firm’s revenue was up 8.6% on a year-over-year basis. Analysts expect that Gambling.com Group will post 0.88 EPS for the current year.

Institutional Trading of Gambling.com Group

Several hedge funds have recently modified their holdings of the company. AWM Investment Company Inc. raised its holdings in shares of Gambling.com Group by 9.8% during the 4th quarter. AWM Investment Company Inc. now owns 1,517,259 shares of the company’s stock worth $21,363,000 after acquiring an additional 135,000 shares in the last quarter. G2 Investment Partners Management LLC raised its holdings in shares of Gambling.com Group by 22.8% during the 4th quarter. G2 Investment Partners Management LLC now owns 825,147 shares of the company’s stock worth $11,618,000 after acquiring an additional 153,173 shares in the last quarter. Driehaus Capital Management LLC purchased a new stake in shares of Gambling.com Group during the 4th quarter worth approximately $7,168,000. Dimensional Fund Advisors LP raised its holdings in shares of Gambling.com Group by 12.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 503,426 shares of the company’s stock worth $7,089,000 after acquiring an additional 56,268 shares in the last quarter. Finally, Topline Capital Management LLC purchased a new stake in shares of Gambling.com Group during the 4th quarter worth approximately $6,700,000. 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.