Gambling.com Group (NASDAQ:GAMB) Stock Price Expected to Rise, Craig Hallum Analyst Says

Gambling.com Group (NASDAQ:GAMB - Get Free Report) had its price objective boosted by equities researchers 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 target price indicates a potential upside of 35.94% from the stock's previous close.

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

Gambling.com Group Price Performance

Gambling.com Group stock traded down $0.66 during mid-day trading on Friday, reaching $11.77. The company had a trading volume of 418,131 shares, compared to its average volume of 166,951. Gambling.com Group has a 1 year low of $7.51 and a 1 year high of $13.00. The company has a market capitalization of $438.11 million, a P/E ratio of 15.09 and a beta of 0.86. The stock's 50-day simple moving average is $9.97 and its 200-day simple 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 (NASDAQ:GAMB - Get Free Report) last released its earnings results on Thursday, August 15th. The company reported $0.20 EPS for the quarter, topping 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 firm had revenue of $30.54 million during the quarter, compared to analysts' expectations of $27.11 million. On average, equities analysts predict that Gambling.com Group will post 0.79 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Wedge Capital Management L L P NC increased its holdings in shares of 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 purchasing an additional 134,620 shares during the period. Clearbridge Investments LLC increased its holdings in shares of Gambling.com Group by 10.4% during the first quarter. Clearbridge Investments LLC now owns 972,250 shares of the company's stock worth $8,877,000 after buying an additional 91,799 shares in the last quarter. Yarra Square Partners LP raised its stake in shares of Gambling.com Group by 27.2% in the second 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 last quarter. Dimensional Fund Advisors LP increased its position in Gambling.com Group by 13.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 398,016 shares of the company's stock valued at $3,272,000 after acquiring an additional 47,843 shares in the last quarter. Finally, Barclays PLC boosted its position in Gambling.com Group by 94.0% in the 3rd quarter. Barclays PLC now owns 38,494 shares of the company's stock valued at $385,000 after buying an additional 18,656 shares during the last quarter. Institutional investors and hedge funds 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.