Gambling.com Group (NASDAQ:GAMB) Upgraded at Freedom Capital

Freedom Capital upgraded shares of Gambling.com Group (NASDAQ:GAMB) to a strong-buy rating in a research note published on Tuesday morning,Zacks.com reports.

Several other equities research analysts have also issued reports on the company. Macquarie reduced their price target on Gambling.com Group from $14.00 to $9.00 and set an “outperform” rating for the company in a report on Friday, November 14th. Jefferies Financial Group reduced their target price on shares of Gambling.com Group from $13.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, November 14th. Truist Financial dropped their price target on shares of Gambling.com Group from $9.00 to $7.00 and set a “hold” rating on the stock in a research note on Friday, November 14th. Zacks Research downgraded shares of Gambling.com Group from a “strong-buy” rating to a “hold” rating in a report on Monday, September 1st. Finally, Loop Capital set a $8.50 price objective on shares of Gambling.com Group in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.81.

Gambling.com Group Stock Performance

GAMB opened at $5.46 on Tuesday. Gambling.com Group has a fifty-two week low of $4.60 and a fifty-two week high of $17.14. The firm has a market cap of $194.98 million, a PE ratio of 109.22 and a beta of 0.87. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.58. The business has a fifty day simple moving average of $5.80 and a 200-day simple moving average of $8.28.

Gambling.com Group (NASDAQ:GAMB) last released its quarterly earnings results on Thursday, November 13th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.07. The business had revenue of $38.98 million during the quarter, compared to analyst estimates of $41.06 million. Gambling.com Group had a return on equity of 37.78% and a net margin of 1.23%. As a group, equities analysts predict that Gambling.com Group will post 0.88 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Nuveen LLC acquired a new stake in shares of Gambling.com Group in the first quarter valued at about $234,000. American Century Companies Inc. boosted its stake in Gambling.com Group by 5.9% during the 1st quarter. American Century Companies Inc. now owns 41,902 shares of the company’s stock valued at $529,000 after purchasing an additional 2,352 shares during the period. Hsbc Holdings PLC increased its position in Gambling.com Group by 14.8% in the 1st quarter. Hsbc Holdings PLC now owns 17,834 shares of the company’s stock worth $224,000 after buying an additional 2,302 shares during the period. Trexquant Investment LP acquired a new position in shares of Gambling.com Group during the first quarter worth approximately $1,249,000. Finally, Cubist Systematic Strategies LLC boosted its position in shares of Gambling.com Group by 185.5% in the first quarter. Cubist Systematic Strategies LLC now owns 193,686 shares of the company’s stock valued at $2,444,000 after acquiring an additional 125,834 shares during the period. Institutional investors and hedge funds own 72.26% of the company’s stock.

About Gambling.com Group

Gambling.com Group is a digital performance marketing company specializing in the online gambling industry. Through a diversified portfolio of affiliate websites, the company generates leads and traffic for operators in segments such as sports betting, online casino, poker, bingo and daily fantasy sports. Its platforms offer in-depth reviews, expert guides, comparison tools and editorial content designed to help players make informed choices and drive conversions for partner brands.

The group’s service offerings include search engine optimization, pay-per-click campaigns, display advertising, email marketing and social media management.