Stifel Nicolaus Issues Positive Forecast for Gambling.com Group (NASDAQ:GAMB) Stock Price

Gambling.com Group (NASDAQ:GAMB - Free Report) had its price objective boosted by Stifel Nicolaus from $13.00 to $14.00 in a research report report published on Friday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Several other brokerages also recently commented on GAMB. Truist Financial reissued a "buy" rating and issued a $16.00 target price (up from $13.00) on shares of Gambling.com Group in a report on Friday. Craig Hallum boosted their target price on Gambling.com Group from $12.00 to $14.00 and gave the stock a "buy" rating in a report on Friday, August 16th. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $14.75.

Gambling.com Group Stock Performance

GAMB stock traded down $0.66 during trading on Friday, reaching $11.77. 418,131 shares of the stock were exchanged, compared to its average volume of 166,951. Gambling.com Group has a twelve month low of $7.51 and a twelve month 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 has a 50 day simple moving average of $9.97 and a 200-day simple moving average of $9.17. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.17.

Gambling.com Group (NASDAQ:GAMB - Get Free Report) last announced 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. The business had revenue of $30.54 million for 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, sell-side analysts anticipate that Gambling.com Group will post 0.79 earnings per share for the current year.

Institutional Trading of Gambling.com Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. Clearbridge Investments LLC boosted its stake in Gambling.com Group by 10.4% in the 1st quarter. Clearbridge Investments LLC now owns 972,250 shares of the company's stock worth $8,877,000 after purchasing an additional 91,799 shares during the period. Yarra Square Partners LP boosted its stake in shares of 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 buying an additional 67,000 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Gambling.com Group by 4.2% during the 2nd quarter. Renaissance Technologies LLC now owns 298,800 shares of the company's stock worth $2,456,000 after buying an additional 12,000 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of 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 purchasing an additional 4,276 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of 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 purchasing an additional 47,843 shares during the period. Institutional investors 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.