Gambling.com Group (NASDAQ:GAMB) Trading Up 3.1% – Time to Buy?

Shares of Gambling.com Group Limited (NASDAQ:GAMB) shot up 3.1% during mid-day trading on Tuesday . The stock traded as high as $4.74 and last traded at $4.64. 401,656 shares changed hands during trading, a decline of 27% from the average session volume of 547,634 shares. The stock had previously closed at $4.50.

Analyst Ratings Changes

GAMB has been the subject of several recent analyst reports. Jefferies Financial Group cut their price target on 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 cut 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. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Gambling.com Group in a research note on Thursday, January 22nd. Benchmark dropped their price target on shares of Gambling.com Group from $8.00 to $7.00 and set a “buy” rating on the stock in a research note on Tuesday, January 20th. Finally, Macquarie Infrastructure cut their price target on shares of Gambling.com Group from $14.00 to $9.00 and set an “outperform” rating for the company in a report on Friday, November 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.44.

Gambling.com Group Price Performance

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 capitalization of $165.69 million, a PE ratio of 92.82 and a beta of 0.86. The company has a 50-day moving average of $5.14 and a 200 day moving average of $6.91.

Gambling.com Group (NASDAQ:GAMB) last announced its quarterly earnings data 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. Gambling.com Group had a return on equity of 37.78% and a net margin of 1.23%.The company had revenue of $38.98 million for the quarter, compared to analyst estimates of $41.06 million. Sell-side analysts predict that Gambling.com Group Limited will post 0.88 EPS for the current year.

Institutional Trading of Gambling.com Group

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