Gambling.com Group (NASDAQ:GAMB) Sees Strong Trading Volume

Gambling.com Group Limited (NASDAQ:GAMB) saw strong trading volume on Thursday . 128,640 shares traded hands during mid-day trading, an increase of 16% from the previous session’s volume of 110,769 shares.The stock last traded at $13.07 and had previously closed at $13.12.

Analyst Upgrades and Downgrades

Several research firms have issued reports on GAMB. BTIG Research started coverage on shares of Gambling.com Group in a research report on Friday, June 23rd. They issued a “buy” rating and a $13.00 price objective for the company. Roth Capital restated a “buy” rating on shares of Gambling.com Group in a report on Tuesday, July 11th. Truist Financial upped their target price on Gambling.com Group from $14.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, August 18th. B. Riley raised their price target on Gambling.com Group from $14.00 to $17.00 in a research note on Friday, August 18th. Finally, Macquarie started coverage on Gambling.com Group in a report on Wednesday, June 28th. They issued an “outperform” rating and a $13.00 price objective for the company. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $15.13.

Gambling.com Group Price Performance

The company has a market cap of $570.01 million, a PE ratio of 109.33 and a beta of 1.40. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.01. The firm has a 50 day simple moving average of $12.71 and a 200-day simple moving average of $10.91.

Gambling.com Group (NASDAQ:GAMB) last announced its earnings results on Thursday, August 17th. The company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.05. The firm had revenue of $25.97 million for the quarter, compared to the consensus estimate of $21.74 million. Gambling.com Group had a return on equity of 22.37% and a net margin of 5.04%. As a group, research analysts predict that Gambling.com Group Limited will post 0.73 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in GAMB. Citigroup Inc. boosted its holdings in Gambling.com Group by 317,600.0% in the second quarter. Citigroup Inc. now owns 3,177 shares of the company’s stock valued at $33,000 after purchasing an additional 3,176 shares during the last quarter. UBS Group AG boosted its stake in shares of Gambling.com Group by 348.6% in the third quarter. UBS Group AG now owns 3,472 shares of the company’s stock worth $27,000 after buying an additional 2,698 shares during the last quarter. American International Group Inc. acquired a new stake in Gambling.com Group during the second quarter worth about $32,000. First Manhattan Co. purchased a new position in Gambling.com Group during the first quarter valued at approximately $39,000. Finally, JPMorgan Chase & Co. acquired a new position in Gambling.com Group in the second quarter valued at approximately $37,000. Hedge funds and other institutional investors own 24.15% of the company’s stock.

Gambling.com Group Company Profile

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.