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

Gambling.com Group (NASDAQ:GAMB) had its target price upped by investment analysts at Macquarie from $18.00 to $19.00 in a research note issued on Friday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Macquarie’s target price suggests a potential upside of 44.54% from the stock’s current price.

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

Gambling.com Group Price Performance

Shares of GAMB stock traded down $0.19 during trading hours on Friday, reaching $13.15. The company had a trading volume of 332,320 shares, compared to its average volume of 251,810. Gambling.com Group has a 12-month low of $7.52 and a 12-month high of $17.14. 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 company has a market capitalization of $489.30 million, a price-to-earnings ratio of 16.96 and a beta of 0.99. The stock has a fifty day moving average of $14.21 and a 200-day moving average of $12.51.

Gambling.com Group (NASDAQ:GAMB) last released its quarterly earnings data on Thursday, March 20th. The company reported $0.35 earnings per share for the quarter, topping 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 company had revenue of $35.30 million for the quarter, compared to analyst estimates of $35.20 million. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities analysts anticipate that Gambling.com Group will post 0.88 earnings per share for the current year.

Hedge Funds Weigh In On Gambling.com Group

A number of hedge funds and other institutional investors have recently bought and sold shares of GAMB. Global Retirement Partners LLC lifted its position in shares of Gambling.com Group by 1,613.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,971 shares of the company’s stock worth $28,000 after purchasing an additional 1,856 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Gambling.com Group by 1,968.4% during the 4th quarter. Russell Investments Group Ltd. now owns 2,420 shares of the company’s stock worth $34,000 after buying an additional 2,303 shares during the period. Quadrant Capital Group LLC lifted its holdings in Gambling.com Group by 481.8% during the 4th quarter. Quadrant Capital Group LLC now owns 2,461 shares of the company’s stock worth $35,000 after buying an additional 2,038 shares in the last quarter. IFP Advisors Inc purchased a new position in Gambling.com Group in the 4th quarter valued at approximately $49,000. Finally, MetLife Investment Management LLC grew its stake in shares of Gambling.com Group by 111.2% in the third quarter. MetLife Investment Management LLC now owns 12,384 shares of the company’s stock worth $124,000 after acquiring an additional 6,519 shares in the last quarter. 72.26% of the stock is currently owned by hedge funds and other 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.