Gambling.com Group (NASDAQ:GAMB) Given New $15.00 Price Target at Stifel Nicolaus

Key Points

• Gambling.com Group's target price has been reduced by Stifel Nicolaus from $18.00 to $15.00, while the firm maintains a "buy" rating on the stock, indicating a potential upside of 44.51% from its last close.
• Multiple analysts have adjusted their ratings on Gambling.com Group, with Wall Street Zen upgrading it to a "buy", while Truist Financial downgraded it to a "hold" with a new price target of $11.00.
• The company's recent earnings report showed a significant EPS of $0.37, surpassing expectations and reflecting strong revenue growth of $39.59 million for the quarter.

Gambling.com Group (NASDAQ:GAMB - Get Free Report) had its target price cut by research analysts at Stifel Nicolaus from $18.00 to $15.00 in a research report issued on Friday,Benzinga reports. The firm presently has a "buy" rating on the stock. Stifel Nicolaus' price target suggests a potential upside of 44.51% from the company's previous close.

A number of other analysts have also issued reports on GAMB. Wall Street Zen raised Gambling.com Group from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. Jefferies Financial Group decreased their price target on shares of Gambling.com Group from $20.00 to $18.00 and set a "buy" rating on the stock in a report on Thursday, July 3rd. Finally, Truist Financial downgraded Gambling.com Group from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $17.00 to $11.00 in a report on Friday. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Gambling.com Group has an average rating of "Moderate Buy" and an average target price of $16.00.

Gambling.com Group Price Performance

Gambling.com Group stock opened at $10.38 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.55. The firm's 50-day simple moving average is $11.34 and its 200 day simple moving average is $12.58. Gambling.com Group has a 52 week low of $9.22 and a 52 week high of $17.14. The firm has a market capitalization of $360.81 million, a PE ratio of 10.70 and a beta of 0.91.

Gambling.com Group (NASDAQ:GAMB - Get Free Report) last announced its earnings results on Thursday, August 14th. The company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.25. Gambling.com Group had a return on equity of 34.63% and a net margin of 24.97%. The firm had revenue of $39.59 million for the quarter, compared to analysts' expectations of $38.93 million. On average, equities research analysts predict that Gambling.com Group will post 0.88 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Driehaus Capital Management LLC acquired a new stake in shares of Gambling.com Group during the 4th quarter valued at $7,168,000. Topline Capital Management LLC bought a new stake in Gambling.com Group in the 4th quarter valued at about $6,700,000. Boothbay Fund Management LLC lifted its holdings in shares of Gambling.com Group by 225.2% in the 2nd quarter. Boothbay Fund Management LLC now owns 669,989 shares of the company's stock worth $7,966,000 after purchasing an additional 463,993 shares in the last quarter. Divisadero Street Capital Management LP acquired a new stake in shares of Gambling.com Group in the 2nd quarter worth about $3,635,000. Finally, Marshall Wace LLP increased its position in shares of Gambling.com Group by 501.1% during the fourth quarter. Marshall Wace LLP now owns 323,781 shares of the company's stock valued at $4,559,000 after acquiring an additional 269,916 shares during the last quarter. Institutional investors and hedge funds 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.

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