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

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

GAMB has been the subject of several other reports. Truist Financial reiterated 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 lifted their target price on shares of Gambling.com Group from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Friday, August 16th. Four investment analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $14.75.

Gambling.com Group Stock Performance

GAMB stock traded down $0.66 on Friday, reaching $11.77. The company’s stock had a trading volume of 418,131 shares, compared to its average volume of 166,951. The firm has a fifty day moving average of $10.01 and a two-hundred day moving average of $9.19. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.99 and a quick ratio of 0.99. The company has a market capitalization of $438.11 million, a P/E ratio of 15.09 and a beta of 0.86. Gambling.com Group has a 52 week low of $7.51 and a 52 week high of $13.00.

Gambling.com Group (NASDAQ:GAMB) last posted its quarterly earnings data on Thursday, August 15th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.07. The company 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, analysts predict that Gambling.com Group will post 0.79 EPS for the current fiscal 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 grew its position in shares of Gambling.com Group by 10.4% during the 1st 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 during the period. Wedge Capital Management L L P NC raised its stake in shares of Gambling.com Group by 197.7% in the 2nd quarter. Wedge Capital Management L L P NC now owns 202,727 shares of the company’s stock valued at $1,666,000 after purchasing an additional 134,620 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Gambling.com Group by 5.3% during the second quarter. Bank of New York Mellon Corp now owns 41,714 shares of the company’s stock worth $343,000 after buying an additional 2,090 shares during the period. Rhumbline Advisers lifted its stake in Gambling.com Group by 29.8% in the 2nd quarter. Rhumbline Advisers now owns 21,950 shares of the company’s stock valued at $180,000 after acquiring an additional 5,043 shares in the last quarter. Finally, American Century Companies Inc. boosted its position 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 last quarter. 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.