Truist Financial Reaffirms “Buy” Rating for Gambling.com Group (NASDAQ:GAMB)

Gambling.com Group (NASDAQ:GAMB)‘s stock had its “buy” rating reiterated by research analysts at Truist Financial in a research note issued to investors 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 suggests a potential upside of 35.94% from the stock’s current price.

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

Gambling.com Group Trading Down 5.3 %

GAMB stock opened at $11.77 on Friday. 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 stock has a market capitalization of $438.11 million, a price-to-earnings ratio of 15.09 and a beta of 0.86. The business has a fifty day moving average price of $10.01 and a 200 day moving average price of $9.20. Gambling.com Group has a fifty-two week low of $7.51 and a fifty-two week high of $13.00.

Gambling.com Group (NASDAQ:GAMB) last released its quarterly earnings results on Thursday, August 15th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.07. Gambling.com Group had a return on equity of 22.98% and a net margin of 22.13%. The business had revenue of $30.54 million during the quarter, compared to analysts’ expectations of $27.11 million. Analysts expect 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 added to or reduced their stakes in the company. 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 grew its holdings in Gambling.com Group by 197.7% during the 2nd quarter. Wedge Capital Management L L P NC now owns 202,727 shares of the company’s stock worth $1,666,000 after acquiring an additional 134,620 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Gambling.com Group by 5.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 41,714 shares of the company’s stock valued at $343,000 after purchasing an additional 2,090 shares during the period. Rhumbline Advisers boosted its position in shares of Gambling.com Group by 29.8% in the 2nd quarter. Rhumbline Advisers now owns 21,950 shares of the company’s stock worth $180,000 after purchasing an additional 5,043 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Gambling.com Group by 38.0% during the second 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 period. 72.26% of the stock is owned by institutional investors.

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.