Gambling.com Group Limited (NASDAQ:GAMB) Receives Consensus Rating of “Buy” from Brokerages

Shares of Gambling.com Group Limited (NASDAQ:GAMB) have received an average recommendation of “Buy” from the eight research firms that are currently covering the firm, MarketBeat reports. Eight investment analysts have rated the stock with a buy rating. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $15.13.

A number of research firms have recently weighed in on GAMB. Jefferies Financial Group boosted their target price on Gambling.com Group from $15.00 to $18.00 in a research note on Thursday, August 17th. Roth Capital reissued a “buy” rating on shares of Gambling.com Group in a research note on Tuesday, July 11th. Macquarie initiated coverage on Gambling.com Group in a research note on Wednesday, June 28th. They issued an “outperform” rating and a $13.00 target price for the company. Craig Hallum upped their price target on Gambling.com Group from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Friday, August 18th. Finally, Truist Financial upped their price target on Gambling.com Group from $14.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, August 18th.

Gambling.com Group Stock Performance

Shares of Gambling.com Group stock opened at $13.42 on Monday. The business’s fifty day simple moving average is $12.52 and its 200 day simple moving average is $10.84. The firm has a market capitalization of $567.89 million, a P/E ratio of 111.83 and a beta of 1.40. Gambling.com Group has a 12 month low of $6.62 and a 12 month high of $14.83. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.01.

Gambling.com Group (NASDAQ:GAMB) last posted its quarterly earnings data on Thursday, August 17th. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.05. Gambling.com Group had a return on equity of 22.37% and a net margin of 5.04%. The firm had revenue of $25.97 million during the quarter, compared to analysts’ expectations of $21.74 million. As a group, analysts anticipate that Gambling.com Group will post 0.73 EPS for the current year.

Institutional Trading of Gambling.com Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN boosted its stake in Gambling.com Group by 220.9% during the 2nd quarter. Wells Fargo & Company MN now owns 5,347 shares of the company’s stock valued at $55,000 after purchasing an additional 3,681 shares during the last quarter. Yarra Square Partners LP boosted its stake in Gambling.com Group by 56.7% during the 2nd quarter. Yarra Square Partners LP now owns 245,981 shares of the company’s stock valued at $2,519,000 after purchasing an additional 89,000 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in Gambling.com Group during the 2nd quarter valued at $153,000. Potrero Capital Research LLC bought a new position in shares of Gambling.com Group during the 2nd quarter valued at $7,359,000. Finally, Intrinsic Edge Capital Management LLC bought a new position in shares of Gambling.com Group during the 2nd quarter valued at $148,000. 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.