Gambling.com Group (NASDAQ:GAMB) Receives Buy Rating from Truist Financial

Gambling.com Group (NASDAQ:GAMB)‘s stock had its “buy” rating reissued by research analysts at Truist Financial in a report released on Friday,Benzinga reports. They presently have a $16.00 target price on the stock, up from their previous target price of $13.00. Truist Financial’s price objective suggests a potential upside of 32.12% from the stock’s current price.

Separately, Craig Hallum raised their price objective on shares of 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.com, Gambling.com Group has an average rating of “Buy” and a consensus price target of $14.00.

Gambling.com Group Price Performance

Gambling.com Group stock traded down $0.32 during mid-day trading on Friday, hitting $12.11. 68,710 shares of the company were exchanged, compared to its average volume of 165,377. The company has a market capitalization of $450.73 million, a PE ratio of 18.13 and a beta of 0.86. The business has a fifty day moving average of $9.97 and a 200 day moving average of $9.17. Gambling.com Group has a 1-year low of $7.51 and a 1-year 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.

Gambling.com Group (NASDAQ:GAMB) last announced its earnings results on Thursday, August 15th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.07. Gambling.com Group had a net margin of 22.13% and a return on equity of 22.98%. The business had revenue of $30.54 million during the quarter, compared to analysts’ expectations of $27.11 million. As a group, sell-side analysts expect that Gambling.com Group will post 0.79 earnings per share for the current year.

Institutional Investors Weigh In On Gambling.com Group

Hedge funds have recently added to or reduced their stakes in the stock. Quarry LP raised its stake in shares of Gambling.com Group by 1,997.6% in the second quarter. Quarry LP now owns 12,019 shares of the company’s stock worth $99,000 after acquiring an additional 11,446 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in shares of Gambling.com Group in the second quarter valued at approximately $115,000. MetLife Investment Management LLC increased its holdings in shares of Gambling.com Group by 111.2% in the third quarter. MetLife Investment Management LLC now owns 12,384 shares of the company’s stock valued at $124,000 after purchasing an additional 6,519 shares in the last quarter. American Century Companies Inc. raised its position in Gambling.com Group by 38.0% in the 2nd quarter. American Century Companies Inc. now owns 15,523 shares of the company’s stock worth $128,000 after purchasing an additional 4,276 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in Gambling.com Group by 29.8% during the 2nd quarter. Rhumbline Advisers now owns 21,950 shares of the company’s stock worth $180,000 after buying 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.