Gambling.com Group (NASDAQ:GAMB) Receives Buy Rating from Truist Financial

Gambling.com Group (NASDAQ:GAMB)‘s stock had its “buy” rating reaffirmed by research analysts at Truist Financial in a research note issued on Friday,Benzinga reports. They currently have a $16.00 price target on the stock, up from their previous price target of $13.00. Truist Financial’s price objective would suggest a potential upside of 32.12% from the company’s current price.

Separately, Craig Hallum increased their price objective on Gambling.com Group from $12.00 to $14.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $14.00.

Gambling.com Group Stock Performance

GAMB stock traded down $0.32 during mid-day trading on Friday, reaching $12.11. 68,710 shares of the stock traded hands, compared to its average volume of 165,377. The firm has a market capitalization of $450.73 million, a PE ratio of 18.13 and a beta of 0.86. The business has a 50-day moving average of $9.97 and a two-hundred day moving average of $9.17. Gambling.com Group has a 52 week low of $7.51 and a 52 week high of $13.00. 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 (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. The firm had revenue of $30.54 million during the quarter, compared to the consensus estimate 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, equities analysts predict that Gambling.com Group will post 0.79 EPS for the current fiscal year.

Hedge Funds Weigh In On Gambling.com Group

Large investors have recently added to or reduced their stakes in the company. Quarry LP grew its holdings in shares of Gambling.com Group by 1,997.6% during the 2nd quarter. Quarry LP now owns 12,019 shares of the company’s stock worth $99,000 after purchasing an additional 11,446 shares in the last quarter. Hsbc Holdings PLC bought a new position in Gambling.com Group in the second quarter worth $115,000. MetLife Investment Management LLC boosted its stake in Gambling.com Group by 111.2% during the third quarter. MetLife Investment Management LLC now owns 12,384 shares of the company’s stock worth $124,000 after buying an additional 6,519 shares in the last quarter. American Century Companies Inc. increased its holdings in Gambling.com Group by 38.0% in the 2nd quarter. American Century Companies Inc. now owns 15,523 shares of the company’s stock valued at $128,000 after buying an additional 4,276 shares during the period. Finally, Rhumbline Advisers raised its stake 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 buying an additional 5,043 shares in the last quarter. Institutional investors and hedge funds 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.