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

Shares of Gambling.com Group Limited (NASDAQ:GAMB) have been given an average recommendation of “Buy” by the seven analysts that are covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a buy recommendation. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $15.21.

Several equities research analysts have commented on the company. B. Riley started coverage on Gambling.com Group in a research note on Friday. They set a “buy” rating and a $14.50 price target for the company. TheStreet lowered shares of Gambling.com Group from a “b” rating to a “c” rating in a report on Monday, January 8th.

Hedge Funds Weigh In On Gambling.com Group

A number of institutional investors and hedge funds have recently bought and sold shares of GAMB. EAM Investors LLC acquired a new position in shares of Gambling.com Group during the third quarter worth $4,107,000. Acadian Asset Management LLC lifted its holdings in Gambling.com Group by 151.6% in the 3rd quarter. Acadian Asset Management LLC now owns 353,050 shares of the company’s stock worth $4,605,000 after buying an additional 212,742 shares in the last quarter. Punch & Associates Investment Management Inc. boosted its position in Gambling.com Group by 64.4% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 473,525 shares of the company’s stock valued at $6,194,000 after buying an additional 185,485 shares during the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Gambling.com Group during the third quarter valued at about $2,043,000. Finally, Clearbridge Investments LLC increased its position in shares of Gambling.com Group by 21.0% during the fourth quarter. Clearbridge Investments LLC now owns 880,451 shares of the company’s stock worth $8,584,000 after acquiring an additional 153,065 shares during the last quarter. Hedge funds and other institutional investors own 72.26% of the company’s stock.

Gambling.com Group Price Performance

GAMB opened at $8.73 on Friday. Gambling.com Group has a 1 year low of $8.35 and a 1 year high of $14.83. The company’s 50 day simple moving average is $8.87 and its 200 day simple moving average is $10.00. The stock has a market capitalization of $324.93 million, a PE ratio of 18.57 and a beta of 0.90. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.45 and a current ratio of 1.45.

Gambling.com Group (NASDAQ:GAMB) last announced its quarterly earnings results on Thursday, March 21st. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The company had revenue of $32.53 million during the quarter, compared to analyst estimates of $27.63 million. Gambling.com Group had a net margin of 16.81% and a return on equity of 24.50%. As a group, sell-side analysts expect that Gambling.com Group will post 0.82 EPS for the current year.

About Gambling.com Group

Gambling.com Group Limited operates as a performance marketing company for the online gambling industry worldwide. It provides digital marketing services for the iGaming and social casino products. The company's focus is on online casino, online sports betting, and fantasy sports industry. It publishes various branded websites, including Gambling.com, Casinos.com, RotoWire.com, and Bookies.com.