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

Shares of Gambling.com Group Limited (NASDAQ:GAMB) have received an average recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $7.8750.

Several equities research analysts have recently commented on GAMB shares. Freedom Capital upgraded shares of Gambling.com Group to a “strong-buy” rating in a report on Tuesday, December 30th. Wall Street Zen lowered shares of Gambling.com Group from a “hold” rating to a “sell” rating in a report on Saturday, March 21st. Weiss Ratings reissued a “sell (d+)” rating on shares of Gambling.com Group in a research note on Thursday, January 22nd. Zacks Research upgraded Gambling.com Group to a “hold” rating in a report on Monday, March 16th. Finally, Glj Research set a $7.50 target price on Gambling.com Group in a research report on Thursday, March 12th.

Gambling.com Group Price Performance

GAMB opened at $3.72 on Thursday. The company has a market capitalization of $130.57 million, a price-to-earnings ratio of -3.92 and a beta of 0.91. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. Gambling.com Group has a 12-month low of $3.65 and a 12-month high of $14.95. The business’s fifty day simple moving average is $4.29 and its 200-day simple moving average is $5.65.

Gambling.com Group (NASDAQ:GAMB) last released its quarterly earnings data on Thursday, March 12th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.10. Gambling.com Group had a positive return on equity of 38.87% and a negative net margin of 19.90%.The firm had revenue of $46.24 million during the quarter, compared to the consensus estimate of $46.06 million. On average, equities research analysts anticipate that Gambling.com Group will post 0.88 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Gambling.com Group

A number of institutional investors have recently added to or reduced their stakes in the stock. G2 Investment Partners Management LLC raised its holdings in Gambling.com Group by 70.9% in the second quarter. G2 Investment Partners Management LLC now owns 1,802,443 shares of the company’s stock worth $21,431,000 after purchasing an additional 747,559 shares in the last quarter. AWM Investment Company Inc. boosted its holdings in shares of Gambling.com Group by 0.3% in the 2nd quarter. AWM Investment Company Inc. now owns 1,494,915 shares of the company’s stock valued at $17,775,000 after buying an additional 5,000 shares in the last quarter. Millennium Management LLC grew its position in shares of Gambling.com Group by 231.9% in the 3rd quarter. Millennium Management LLC now owns 1,231,370 shares of the company’s stock worth $10,073,000 after buying an additional 860,369 shares during the last quarter. Boothbay Fund Management LLC raised its stake in shares of Gambling.com Group by 225.2% during the 2nd quarter. Boothbay Fund Management LLC now owns 669,989 shares of the company’s stock worth $7,966,000 after acquiring an additional 463,993 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Gambling.com Group by 3.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 632,330 shares of the company’s stock worth $5,173,000 after acquiring an additional 19,592 shares in the last quarter. 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.