Stifel Nicolaus Boosts Gambling.com Group (NASDAQ:GAMB) Price Target to $14.00

Gambling.com Group (NASDAQ:GAMB) had its target price boosted by investment analysts at Stifel Nicolaus from $13.00 to $14.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ target price indicates a potential upside of 18.95% from the stock’s previous close.

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

Gambling.com Group Price Performance

GAMB opened at $11.77 on Friday. The firm has a market cap of $438.11 million, a price-to-earnings ratio of 15.09 and a beta of 0.86. The company’s 50-day moving average price is $10.01 and its 200 day moving average price is $9.20. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.17. Gambling.com Group has a fifty-two week low of $7.51 and a fifty-two week high of $13.00.

Gambling.com Group (NASDAQ:GAMB) last released its earnings results on Thursday, August 15th. The company reported $0.20 EPS for the quarter, beating the consensus estimate 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 business had revenue of $30.54 million during the quarter, compared to analyst estimates of $27.11 million. As a group, sell-side analysts expect that Gambling.com Group will post 0.79 earnings per share for the current year.

Institutional Investors Weigh In On Gambling.com Group

A number of institutional investors have recently made changes to their positions in GAMB. Quarry LP raised its holdings in Gambling.com Group by 1,997.6% in the 2nd quarter. Quarry LP now owns 12,019 shares of the company’s stock valued at $99,000 after buying an additional 11,446 shares during the last quarter. MetLife Investment Management LLC grew its stake in shares of Gambling.com Group by 111.2% in the 3rd 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. Hsbc Holdings PLC bought a new position in shares of Gambling.com Group in the second quarter valued at approximately $115,000. American Century Companies Inc. increased its holdings 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 worth $128,000 after buying an additional 4,276 shares during the last quarter. Finally, Rhumbline Advisers increased its position in Gambling.com Group by 29.8% in the second quarter. Rhumbline Advisers now owns 21,950 shares of the company’s stock worth $180,000 after buying an additional 5,043 shares during the last quarter. Institutional investors own 72.26% of the company’s stock.

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.