Stifel Nicolaus Forecasts Strong Price Appreciation for Gambling.com Group (NASDAQ:GAMB) Stock

Gambling.com Group (NASDAQ:GAMB) had its target price boosted by equities researchers at Stifel Nicolaus from $13.00 to $14.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 16.67% from the company’s current price.

A number of other research analysts have also issued reports on GAMB. Truist Financial restated 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 increased their price objective on shares of Gambling.com Group from $12.00 to $14.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $14.25.

Gambling.com Group Stock Down 3.5 %

NASDAQ GAMB traded down $0.43 on Friday, hitting $12.00. 135,931 shares of the stock were exchanged, compared to its average volume of 165,679. The company has a market cap of $446.64 million, a PE ratio of 17.91 and a beta of 0.86. 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 has a fifty-two week low of $7.51 and a fifty-two week high of $13.00. The company has a 50-day moving average price of $9.97 and a 200-day moving average price of $9.17.

Gambling.com Group (NASDAQ:GAMB) last announced 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. Gambling.com Group had a net margin of 22.13% and a return on equity of 22.98%. The company had revenue of $30.54 million during the quarter, compared to the consensus estimate of $27.11 million. Sell-side analysts anticipate that Gambling.com Group will post 0.79 EPS for the current fiscal year.

Institutional Investors Weigh In On Gambling.com Group

Several large investors have recently made changes to their positions in GAMB. Clearbridge Investments LLC boosted its position in Gambling.com Group by 10.4% during the first 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. Dimensional Fund Advisors LP raised its stake in shares of Gambling.com Group by 13.7% in the second 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 in the last quarter. Yarra Square Partners LP raised its stake in shares of Gambling.com Group by 27.2% in the second quarter. Yarra Square Partners LP now owns 312,981 shares of the company’s stock valued at $2,573,000 after purchasing an additional 67,000 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Gambling.com Group by 4.2% in the second quarter. Renaissance Technologies LLC now owns 298,800 shares of the company’s stock valued at $2,456,000 after purchasing an additional 12,000 shares in the last quarter. Finally, Wedge Capital Management L L P NC raised its stake in Gambling.com Group by 197.7% during the second 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 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.