Jefferies Financial Group Raises Gambling.com Group (NASDAQ:GAMB) Price Target to $15.00

Gambling.com Group (NASDAQ:GAMB – Get Rating) had its price objective raised by equities researchers at Jefferies Financial Group from $14.00 to $15.00 in a research note issued on Friday, The Fly reports. Jefferies Financial Group’s price objective indicates a potential upside of 50.00% from the stock’s previous close.

Separately, Craig Hallum began coverage on Gambling.com Group in a research note on Wednesday, March 29th. They issued a “buy” rating and a $15.00 price objective on the stock.

Gambling.com Group Price Performance

Shares of Gambling.com Group stock opened at $10.00 on Friday. The business has a 50 day simple moving average of $9.81 and a two-hundred day simple moving average of $9.53. Gambling.com Group has a 12 month low of $6.62 and a 12 month high of $10.71. The stock has a market capitalization of $364.70 million, a P/E ratio of 90.92 and a beta of 1.51. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.32 and a quick ratio of 1.32.

Gambling.com Group (NASDAQ:GAMB – Get Rating) last issued its quarterly earnings data on Thursday, March 23rd. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.06). The business had revenue of $21.35 million during the quarter, compared to analysts’ expectations of $18.38 million. Gambling.com Group had a return on equity of 20.38% and a net margin of 5.39%. As a group, analysts predict that Gambling.com Group will post 0.6 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. boosted its position in Gambling.com Group by 6.2% during the 4th 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 period. Deutsche Bank AG boosted its position in Gambling.com Group by 49.7% during the 1st 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 period. JPMorgan Chase & Co. boosted its position in Gambling.com Group by 39.5% during the 1st quarter. JPMorgan Chase & Co. now owns 6,849 shares of the company’s stock worth $68,000 after purchasing an additional 1,939 shares during the period. State Street Corp boosted its position in Gambling.com Group by 3.3% during the 1st quarter. State Street Corp now owns 71,083 shares of the company’s stock worth $704,000 after purchasing an additional 2,298 shares during the period. Finally, Bank of America Corp DE boosted its position in Gambling.com Group by 33.3% during the 1st quarter. Bank of America Corp DE now owns 10,623 shares of the company’s stock worth $105,000 after purchasing an additional 2,651 shares during the period. 9.94% of the stock is currently owned by institutional investors and hedge funds.

About Gambling.com Group

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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 and Bookies.com. Gambling.com Group Limited was incorporated in 2006 and is based in St.