Gambling.com Group (NASDAQ:GAMB) Reaches New 52-Week High at $12.30

Posted by on Aug 6th, 2023

Gambling.com Group Limited (NASDAQ:GAMB – Get Free Report)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $12.30 and last traded at $12.23, with a volume of 1505 shares traded. The stock had previously closed at $12.24.

Analysts Set New Price Targets

GAMB has been the subject of a number of analyst reports. Jefferies Financial Group boosted their price objective on Gambling.com Group from $14.00 to $15.00 in a research report on Friday, May 19th. Roth Capital reissued a “buy” rating on shares of Gambling.com Group in a research report on Tuesday, July 11th. Truist Financial boosted their price objective on Gambling.com Group from $12.00 to $14.00 in a research report on Tuesday, July 18th. B. Riley initiated coverage on Gambling.com Group in a research report on Monday, July 17th. They set a “buy” rating and a $14.00 price objective for the company. Finally, Roth Mkm started coverage on Gambling.com Group in a research report on Tuesday, July 11th. They set a “buy” rating and a $13.00 price objective for the company. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $13.63.

Gambling.com Group Price Performance

The firm has a market capitalization of $518.00 million, a price-to-earnings ratio of 111.28 and a beta of 1.44. The company has a fifty day moving average price of $10.86 and a two-hundred day moving average price of $10.16. The company has a quick ratio of 1.37, a current ratio of 1.38 and a debt-to-equity ratio of 0.02.

Gambling.com Group (NASDAQ:GAMB – Get Free Report) last posted its quarterly earnings data on Thursday, May 18th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.03. The business had revenue of $26.69 million during the quarter, compared to the consensus estimate of $26.70 million. Gambling.com Group had a return on equity of 19.73% and a net margin of 5.39%. On average, equities research analysts expect that Gambling.com Group Limited will post 0.61 EPS for the current fiscal year.

Institutional Investors Weigh In On Gambling.com Group

Several large investors have recently modified their holdings of the stock. American International Group Inc. raised its stake in shares of Gambling.com Group by 19.0% during the second quarter. American International Group Inc. now owns 5,134 shares of the company’s stock worth $53,000 after purchasing an additional 819 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Gambling.com Group by 6.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 20,244 shares of the company’s stock worth $185,000 after purchasing an additional 1,179 shares during the last quarter. Deutsche Bank AG raised its stake in shares of Gambling.com Group by 49.7% during the first quarter. Deutsche Bank AG now owns 5,658 shares of the company’s stock worth $56,000 after purchasing an additional 1,878 shares during the last quarter. JPMorgan Chase & Co. raised its position in Gambling.com Group by 39.5% in the first quarter. JPMorgan Chase & Co. now owns 6,849 shares of the company’s stock worth $68,000 after acquiring an additional 1,939 shares in the last quarter. Finally, State Street Corp raised its position in Gambling.com Group by 3.3% in the first quarter. State Street Corp now owns 71,083 shares of the company’s stock worth $704,000 after acquiring an additional 2,298 shares in the last quarter. Hedge funds and other institutional investors own 14.63% of the company’s stock.

Gambling.com Group Company Profile

(Get Free Report)

Gambling.com Group Limited operates as a performance marketing company for the online gambling industry worldwide. The company provides digital marketing services for the iGaming and sports betting. It publishes various branded websites, including Gambling.com, Bookies.com, RotoWire.com, and BonusFinder.com.

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