Gambling.com Group (NASDAQ:GAMB) Given New $16.00 Price Target at Craig Hallum

Gambling.com Group (NASDAQ:GAMB) had its target price raised by equities research analysts at Craig Hallum from $14.00 to $16.00 in a report released on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Craig Hallum’s price objective would indicate a potential upside of 34.57% from the stock’s previous close.

A number of other research firms have also recently weighed in on GAMB. Stifel Nicolaus raised their price objective on Gambling.com Group from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Friday. Truist Financial reissued a “buy” rating and issued a $16.00 price target (up previously from $13.00) on shares of Gambling.com Group in a report on Friday. Four investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $14.75.

Gambling.com Group Stock Down 4.3 %

Shares of GAMB stock traded down $0.54 during mid-day trading on Friday, hitting $11.89. 196,218 shares of the stock traded hands, compared to its average volume of 165,951. The stock’s fifty day moving average is $9.97 and its two-hundred day moving average is $9.17. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.99 and a quick ratio of 0.99. Gambling.com Group has a 52-week low of $7.51 and a 52-week high of $13.00. The stock has a market cap of $442.55 million, a P/E ratio of 17.75 and a beta of 0.86.

Gambling.com Group (NASDAQ:GAMB) last announced its earnings results on Thursday, August 15th. The company reported $0.20 earnings per share 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 company had revenue of $30.54 million during the quarter, compared to the consensus estimate of $27.11 million. Equities analysts predict that Gambling.com Group will post 0.79 EPS for the current year.

Institutional Trading of Gambling.com Group

Several large investors have recently added to or reduced their stakes in the company. Clearbridge Investments LLC raised its stake 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 worth $8,877,000 after purchasing an additional 91,799 shares during the last quarter. Wedge Capital Management L L P NC raised 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 buying an additional 134,620 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Gambling.com Group by 5.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 41,714 shares of the company’s stock valued at $343,000 after acquiring an additional 2,090 shares during the period. Rhumbline Advisers boosted its holdings in shares of Gambling.com Group by 29.8% in the 2nd quarter. Rhumbline Advisers now owns 21,950 shares of the company’s stock valued at $180,000 after acquiring an additional 5,043 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Gambling.com Group by 38.0% in the second quarter. American Century Companies Inc. now owns 15,523 shares of the company’s stock worth $128,000 after acquiring an additional 4,276 shares during the period. Hedge funds and other institutional investors own 72.26% of the company’s stock.

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.