Gamling.com Group (NASDAQ:GAMB) Share Price Up 1.2%

Gambling.com Group Limited (NASDAQ:GAMB – Get Free Report) stock price traded up 1.2% on Monday. The stock traded as high as $10.19 and last traded at $10.12. 129,287 shares were traded mid-day, down 24% from the session’s average volume of 171,078 shares. Shares previously closed at $10.00.

Analyst upgrades and downgrades

A number of brokerages have recently commented on GAMB. B. Riley reduced their price objective on Gambling.com Group from $14.50 to $13.00 and set a “buy” rating for the company in a research note on Friday, May 17th. Stifel Nicolaus cut their price target on Gambling.com Group from $16.00 to $13.00 and set a “buy” rating for the company in a research note on Friday, May 17th. Craig Hallum lifted their price objective on shares of Gambling.com Group from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $13.00 target price (up previously from $12.00) on shares of Gambling.com Group in a research note on Friday, August 16. Four equities research analysts have rated the stock with a buy rating. Gambling.com Group has an average rating of “Buy” and an average price target of $13.25, according to MarketBeat.

Read our latest stock analysis on Gambling.com Group

Gambling.com Group Stocks Up 1.2%

The stock has a market cap of $376.67 million, a price-to-earnings ratio of 20.65 and a beta of 0.86. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.99, and a current ratio of 0.99. The company’s fifty-day simple moving average is $9.31, and its 200-day simple moving average is $8.81.

Gambling.com Group (NASDAQ:GAMB – Get Your Free Report ) last issued its quarterly earnings data on Thursday, August 15th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.13 by $0.07. The business had revenue of $30.54 million for the quarter, compared to analysts’ expectations of $27.11 million. Gambling.com Group had a net margin of 22.13% and a return on equity of 22.98%. On average, sell-side analysts anticipate that Gambling.com Group Limited will post 0.79 earnings per share for the current year.

Institutional investors intervene on the Gambling.com group

Several institutional investors have recently bought and sold shares of GAMB. Clearbridge Investments LLC boosted its holdings in shares of Gambling.com Group by 10.4% in the first quarter. Clearbridge Investments LLC now owns 972,250 shares of the company’s stock valued at $8,877,000 after buying an additional 91,799 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Gambling.com Group by 237.3% during the fourth quarter. Russell Investments Group Ltd. now owns 183,611 shares of the company’s stock worth $1,790,000 after purchasing an additional 129,182 shares during the last quarter. Capstone Investment Advisors LLC acquired a new position in shares of Gambling.com Group in the fourth quarter valued at about $292,000. M&T Bank Corp bought a new position in shares of Gambling.com Group in the 4th quarter valued at about $107,000. Finally, New York State Common Retirement Fund boosted its holdings in Gambling.com Group by 101.3% during the fourth quarter. New York State Common Retirement Fund now owns 8,739 shares of the company’s stock worth $85,000 after acquiring an additional 4,398 shares in the last quarter. Institutional investors own 72.26% of the company’s shares.

Gambling.com Group Company Profile

(Get a free report)

Gambling.com Group Limited operates as a performance marketing company for the online gambling industry worldwide. Provides digital marketing services for iGaming products and social casinos. The company’s focus is on online casinos, online sports betting and the fantasy sports industry. It publishes various branded websites, including Gambling.com, Casinos.com, RotoWire.com and Bookies.com.

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