Gambling.com Group (NASDAQ:GAMB) Price Target Raised to $19.00 at Macquarie

Gambling.com Group (NASDAQ:GAMB) had its price target hoisted by Macquarie from $18.00 to $19.00 in a research note published on Friday,Benzinga reports. They currently have an outperform rating on the stock.

Several other equities research analysts have also recently weighed in on the company. Benchmark reiterated a “buy” rating and issued a $18.00 target price on shares of Gambling.com Group in a report on Thursday, February 20th. Jefferies Financial Group boosted their price target on Gambling.com Group from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Craig Hallum boosted their price target on Gambling.com Group from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Cantor Fitzgerald assumed coverage on Gambling.com Group in a research report on Wednesday, March 5th. They issued an “overweight” rating and a $20.00 price target for the company. Finally, BTIG Research boosted their price target on Gambling.com Group from $13.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $17.56.

Gambling.com Group Price Performance

GAMB opened at $13.20 on Friday. The business has a fifty day moving average of $14.20 and a 200 day moving average of $12.54. Gambling.com Group has a 52-week low of $7.52 and a 52-week high of $17.14. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.20. The stock has a market cap of $491.34 million, a P/E ratio of 16.92 and a beta of 0.99.

Gambling.com Group (NASDAQ:GAMB) last issued its earnings results on Thursday, March 20th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.10. Gambling.com Group had a return on equity of 25.06% and a net margin of 23.40%. The business had revenue of $35.30 million during the quarter, compared to analysts’ expectations of $35.20 million. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Gambling.com Group will post 0.88 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Barclays PLC increased its holdings in shares of Gambling.com Group by 94.0% in the third quarter. Barclays PLC now owns 38,494 shares of the company’s stock valued at $385,000 after purchasing an additional 18,656 shares during the period. Los Angeles Capital Management LLC acquired a new position in shares of Gambling.com Group in the fourth quarter valued at about $2,280,000. Gagnon Securities LLC acquired a new position in shares of Gambling.com Group in the fourth quarter valued at about $317,000. M&T Bank Corp acquired a new position in shares of Gambling.com Group in the fourth quarter valued at about $195,000. Finally, IFP Advisors Inc acquired a new position in shares of Gambling.com Group in the fourth quarter valued at about $49,000. 72.26% of the stock is owned by institutional investors and hedge funds.

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.