Gambling.com Group (NASDAQ:GAMB - Get Free Report) had its target price raised by equities researchers at Macquarie from $18.00 to $19.00 in a report issued on Friday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Macquarie's price target suggests a potential upside of 37.88% from the stock's current price.
A number of other research firms also recently issued reports on GAMB. Benchmark reiterated a "buy" rating and issued a $18.00 target price on shares of Gambling.com Group in a research report on Thursday, February 20th. Craig Hallum lifted their price target on Gambling.com Group from $16.00 to $18.00 and gave the stock a "buy" rating in a research note on Friday, December 13th. Cantor Fitzgerald started coverage on Gambling.com Group in a research note on Wednesday, March 5th. They issued an "overweight" rating and a $20.00 target price on the stock. Jefferies Financial Group raised their target price on shares of Gambling.com Group from $20.00 to $21.00 and gave the stock a "buy" rating in a research report on Wednesday, January 15th. Finally, BTIG Research increased their price target on shares of Gambling.com Group from $13.00 to $19.00 and gave the stock a "buy" rating in a research note on Friday, December 13th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Gambling.com Group presently has a consensus rating of "Buy" and an average price target of $17.56.
View Our Latest Stock Report on GAMB
Gambling.com Group Stock Performance
Shares of GAMB stock traded down $0.14 during trading on Friday, reaching $13.78. 184,851 shares of the company's stock traded hands, compared to its average volume of 251,968. The firm's 50-day moving average is $14.21 and its 200 day moving average is $12.60. The company has a market capitalization of $512.93 million, a P/E ratio of 17.69 and a beta of 0.99. Gambling.com Group has a 1 year low of $7.52 and a 1 year high of $17.14. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.20.
Gambling.com Group (NASDAQ:GAMB - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.25 by $0.10. The firm had revenue of $35.30 million during the quarter, compared to analyst estimates of $35.20 million. Gambling.com Group had a return on equity of 25.06% and a net margin of 23.40%. Gambling.com Group's revenue was up 8.6% compared to the same quarter last year. Equities research analysts expect that Gambling.com Group will post 0.88 EPS for the current year.
Hedge Funds Weigh In On Gambling.com Group
Several large investors have recently modified their holdings of the stock. Driehaus Capital Management LLC bought a new position in Gambling.com Group in the 4th quarter valued at approximately $7,168,000. Topline Capital Management LLC purchased a new position in shares of Gambling.com Group during the fourth quarter valued at approximately $6,700,000. Hillsdale Investment Management Inc. raised its holdings in shares of Gambling.com Group by 1,320.6% during the fourth quarter. Hillsdale Investment Management Inc. now owns 339,531 shares of the company's stock valued at $4,781,000 after purchasing an additional 315,631 shares during the last quarter. Marshall Wace LLP lifted its position in Gambling.com Group by 501.1% during the fourth quarter. Marshall Wace LLP now owns 323,781 shares of the company's stock valued at $4,559,000 after purchasing an additional 269,916 shares during the period. Finally, Orvieto Partners L.P. purchased a new stake in Gambling.com Group in the fourth quarter worth approximately $3,098,000. Hedge funds and other institutional investors own 72.26% of the company's stock.
About Gambling.com Group
(
Get Free Report)
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.
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