Craig Hallum Forecasts Strong Price Appreciation for Gambling.com Group (NASDAQ:GAMB) Stock

Gambling.com Group (NASDAQ:GAMBGet Free Report) had its target price upped by equities research analysts at Craig Hallum from $14.00 to $16.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Craig Hallum’s target price suggests a potential upside of 35.94% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. Truist Financial reiterated a “buy” rating and set a $16.00 target price (up from $13.00) on shares of Gambling.com Group in a report on Friday. Stifel Nicolaus lifted their price objective on shares of Gambling.com Group from $13.00 to $14.00 and gave the company a “buy” rating in a report on Friday. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Gambling.com Group currently has an average rating of “Buy” and a consensus price target of $14.75.

Get Our Latest Analysis on GAMB

Gambling.com Group Stock Performance

GAMB opened at $11.77 on Friday. The company has a fifty day moving average of $10.01 and a 200 day moving average of $9.20. Gambling.com Group has a fifty-two week low of $7.51 and a fifty-two week high of $13.00. The stock has a market capitalization of $438.11 million, a price-to-earnings ratio of 15.09 and a beta of 0.86. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.99 and a current ratio of 0.99.

Gambling.com Group (NASDAQ:GAMBGet Free Report) last announced its earnings results on Thursday, August 15th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.07. The firm had revenue of $30.54 million during the quarter, compared to analysts’ expectations of $27.11 million. Gambling.com Group had a return on equity of 22.98% and a net margin of 22.13%. As a group, sell-side analysts forecast that Gambling.com Group will post 0.79 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Gambling.com Group

Several institutional investors have recently bought and sold shares of GAMB. Clearbridge Investments LLC boosted its stake in Gambling.com Group by 10.4% in the 1st quarter. Clearbridge Investments LLC now owns 972,250 shares of the company’s stock worth $8,877,000 after purchasing an additional 91,799 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Gambling.com Group by 13.7% during the second quarter. Dimensional Fund Advisors LP now owns 398,016 shares of the company’s stock valued at $3,272,000 after buying an additional 47,843 shares during the last quarter. Yarra Square Partners LP increased its position in shares of 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 acquiring an additional 67,000 shares during the period. Renaissance Technologies LLC raised its stake in Gambling.com Group by 4.2% in the 2nd quarter. Renaissance Technologies LLC now owns 298,800 shares of the company’s stock worth $2,456,000 after acquiring an additional 12,000 shares during the last quarter. Finally, Wedge Capital Management L L P NC lifted its position in Gambling.com Group by 197.7% during the 2nd quarter. Wedge Capital Management L L P NC now owns 202,727 shares of the company’s stock worth $1,666,000 after acquiring an additional 134,620 shares during the period. 72.26% of the stock is currently owned by institutional investors and hedge funds.

Gambling.com Group Company Profile

(Get Free Report)

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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