Gambling.com Group Limited (NASDAQ:GAMB) Given Consensus Rating of “Moderate Buy” by Analysts

Gambling.com Group Limited (NASDAQ:GAMB) has earned an average recommendation of “Moderate Buy” from the ten analysts that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $11.8125.

A number of research firms have issued reports on GAMB. Loop Capital set a $8.50 target price on shares of Gambling.com Group in a research report on Tuesday, December 30th. BTIG Research reaffirmed a “neutral” rating on shares of Gambling.com Group in a research note on Friday, November 14th. Truist Financial reduced their price objective on Gambling.com Group from $9.00 to $7.00 and set a “hold” rating for the company in a research report on Friday, November 14th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $12.00 target price (down from $15.00) on shares of Gambling.com Group in a research report on Friday, November 14th. Finally, Jefferies Financial Group reduced their price target on Gambling.com Group from $13.00 to $8.00 and set a “buy” rating for the company in a report on Friday, November 14th.

Gambling.com Group Stock Performance

Shares of Gambling.com Group stock opened at $4.91 on Friday. Gambling.com Group has a 12 month low of $4.60 and a 12 month high of $17.14. 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 stock has a market cap of $175.34 million, a PE ratio of 98.22 and a beta of 0.87. The business has a fifty day simple moving average of $5.38 and a 200-day simple moving average of $7.78.

Gambling.com Group (NASDAQ:GAMB) last posted its quarterly earnings results on Thursday, November 13th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.07. The firm had revenue of $38.98 million for 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%. On average, sell-side analysts anticipate that Gambling.com Group will post 0.88 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. SBI Securities Co. Ltd. boosted its holdings in Gambling.com Group by 21,963.6% in the second quarter. SBI Securities Co. Ltd. now owns 2,427 shares of the company’s stock worth $29,000 after purchasing an additional 2,416 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Gambling.com Group by 653.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,254 shares of the company’s stock valued at $62,000 after acquiring an additional 4,557 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Gambling.com Group during the 4th quarter valued at about $65,000. Sherbrooke Park Advisers LLC bought a new position in shares of Gambling.com Group in the 3rd quarter valued at approximately $109,000. Finally, Corsair Capital Management L.P. acquired a new stake in Gambling.com Group in the 2nd quarter worth approximately $119,000. Institutional investors own 72.26% of the company’s stock.

Gambling.com Group Company Profile

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.