Gambling.com Group's (GAMB) Buy Rating Reiterated at Truist Financial

Gambling.com Group (NASDAQ:GAMB - Get Free Report)'s stock had its "buy" rating restated by Truist Financial in a report issued on Friday,Benzinga reports. They presently have a $16.00 price objective on the stock, up from their prior price objective of $13.00. Truist Financial's target price would indicate a potential upside of 35.94% from the stock's previous close.

Separately, Craig Hallum raised their price objective on shares of Gambling.com Group from $12.00 to $14.00 and gave the company a "buy" rating in a report on Friday, August 16th. Four research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $14.75.

Gambling.com Group Trading Down 5.3 %

NASDAQ GAMB traded down $0.66 on Friday, reaching $11.77. The stock had a trading volume of 418,131 shares, compared to its average volume of 166,951. Gambling.com Group has a 12-month low of $7.51 and a 12-month 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. The stock has a fifty day moving average price of $9.97 and a two-hundred day moving average price of $9.17. The firm has a market capitalization of $438.11 million, a price-to-earnings ratio of 15.09 and a beta of 0.86.

Gambling.com Group (NASDAQ:GAMB - Get Free Report) last announced its quarterly earnings data on Thursday, August 15th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.07. The business had revenue of $30.54 million for the quarter, compared to analysts' expectations 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, sell-side analysts forecast that Gambling.com Group will post 0.79 EPS for the current fiscal year.

Hedge Funds Weigh In On Gambling.com Group

Several large investors have recently bought and sold shares of GAMB. Clearbridge Investments LLC lifted its stake in Gambling.com Group by 10.4% in the first quarter. Clearbridge Investments LLC now owns 972,250 shares of the company's stock valued at $8,877,000 after buying an additional 91,799 shares during the last quarter. Yarra Square Partners LP grew its position in Gambling.com Group by 27.2% during the 2nd quarter. Yarra Square Partners LP now owns 312,981 shares of the company's stock worth $2,573,000 after purchasing an additional 67,000 shares during the last quarter. Renaissance Technologies LLC increased its stake in Gambling.com Group by 4.2% in the second quarter. Renaissance Technologies LLC now owns 298,800 shares of the company's stock valued at $2,456,000 after purchasing an additional 12,000 shares during the period. American Century Companies Inc. raised its holdings 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 valued at $128,000 after buying an additional 4,276 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Gambling.com Group by 13.7% during the second quarter. Dimensional Fund Advisors LP now owns 398,016 shares of the company's stock worth $3,272,000 after buying an additional 47,843 shares during the period. 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.