Gambling.com Group (NASDAQ:GAMB) Stock Rating Upgraded by Wall Street Zen

Wall Street Zen upgraded shares of Gambling.com Group (NASDAQ:GAMB - Free Report) from a hold rating to a buy rating in a research note published on Friday.

Several other analysts also recently weighed in on the stock. Truist Financial decreased their price target on shares of Gambling.com Group from $18.00 to $17.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Cantor Fitzgerald assumed coverage on shares of Gambling.com Group in a research note on Wednesday, March 5th. They set an "overweight" rating and a $20.00 price target for the company. Macquarie lifted their price target on shares of Gambling.com Group from $18.00 to $19.00 and gave the company an "outperform" rating in a research note on Friday, March 21st. Finally, Benchmark reissued a "buy" rating and set a $18.00 price objective on shares of Gambling.com Group in a report on Thursday, February 20th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Gambling.com Group currently has an average rating of "Buy" and an average target price of $18.25.

Gambling.com Group Trading Down 1.1%

NASDAQ GAMB traded down $0.13 during trading on Friday, hitting $11.66. The stock had a trading volume of 311,706 shares, compared to its average volume of 291,913. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $405.34 million, a price-to-earnings ratio of 14.95 and a beta of 1.04. Gambling.com Group has a one year low of $7.52 and a one year high of $17.14. The stock has a 50 day simple moving average of $12.54 and a 200 day simple moving average of $13.50.

Gambling.com Group (NASDAQ:GAMB - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.27. Gambling.com Group had a net margin of 23.40% and a return on equity of 25.06%. The business had revenue of $40.64 million during the quarter, compared to the consensus estimate of $40.07 million. Sell-side analysts predict that Gambling.com Group will post 0.88 earnings per share for the current year.

Hedge Funds Weigh In On Gambling.com Group

Several institutional investors and hedge funds have recently bought and sold shares of GAMB. SG Americas Securities LLC purchased a new position in Gambling.com Group in the fourth quarter worth $163,000. Gagnon Securities LLC purchased a new position in Gambling.com Group in the fourth quarter worth $317,000. New York State Common Retirement Fund grew its holdings in Gambling.com Group by 138.4% in the fourth quarter. New York State Common Retirement Fund now owns 10,497 shares of the company's stock worth $148,000 after purchasing an additional 6,093 shares during the last quarter. Global Retirement Partners LLC grew its holdings in Gambling.com Group by 1,613.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,971 shares of the company's stock worth $28,000 after purchasing an additional 1,856 shares during the last quarter. Finally, IFP Advisors Inc purchased a new position in Gambling.com Group in the fourth quarter worth $49,000. 72.26% of the stock is owned by hedge funds and other 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.