Macquarie Increases Gambling.com Group (NASDAQ:GAMB) Price Target to $16.00

Gambling.com Group (NASDAQ:GAMB - Get Free Report) had its price objective upped by stock analysts at Macquarie from $14.00 to $16.00 in a report issued on Monday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Macquarie's price target would indicate a potential upside of 33.78% from the company's current price.

A number of other equities research analysts also recently weighed in on GAMB. Craig Hallum lifted their price target on shares of Gambling.com Group from $14.00 to $16.00 and gave the stock a "buy" rating in a research note on Friday. Truist Financial reaffirmed a "buy" rating and set a $16.00 price objective (up previously from $13.00) on shares of Gambling.com Group in a report on Friday. Finally, Stifel Nicolaus raised their target price on Gambling.com Group from $13.00 to $14.00 and gave the company a "buy" rating in a research note on Friday. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $15.00.

Gambling.com Group Stock Performance

GAMB traded up $0.19 on Monday, hitting $11.96. The company had a trading volume of 400,424 shares, compared to its average volume of 167,997. The company's fifty day moving average price is $10.04 and its 200 day moving average price is $9.22. 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 1-year low of $7.51 and a 1-year high of $13.00. The stock has a market cap of $445.15 million, a price-to-earnings ratio of 15.33 and a beta of 0.86.

Gambling.com Group (NASDAQ:GAMB - Get Free Report) last posted its quarterly earnings data on Thursday, August 15th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.07. Gambling.com Group had a net margin of 23.40% and a return on equity of 25.28%. The company had revenue of $30.54 million for the quarter, compared to the consensus estimate of $27.11 million. Equities analysts predict that Gambling.com Group will post 0.8 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Quarry LP boosted its stake 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 buying an additional 11,446 shares during the last quarter. Hsbc Holdings PLC acquired a new position in shares of Gambling.com Group in the second quarter valued at about $115,000. MetLife Investment Management LLC grew its position in shares of Gambling.com Group by 111.2% during the 3rd quarter. MetLife Investment Management LLC now owns 12,384 shares of the company's stock worth $124,000 after purchasing an additional 6,519 shares in the last quarter. American Century Companies Inc. increased its stake in Gambling.com Group by 38.0% during the 2nd 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. Finally, Rhumbline Advisers raised its stake in Gambling.com Group by 29.8% in the second quarter. Rhumbline Advisers now owns 21,950 shares of the company's stock valued at $180,000 after purchasing an additional 5,043 shares in the last quarter. 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.