Analysts Set Gambling.com Group Limited (NASDAQ:GAMB) PT at $12.29

Gambling.com Group Limited (NASDAQ:GAMB) has received a consensus recommendation of “Hold” from the nine research firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $12.2857.

Several analysts have recently issued reports on the stock. BTIG Research reissued a “neutral” rating on shares of Gambling.com Group in a research report on Friday, November 14th. Macquarie reduced their price objective on shares of Gambling.com Group from $14.00 to $9.00 and set an “outperform” rating for the company in a research note on Friday, November 14th. Zacks Research downgraded Gambling.com Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. Truist Financial cut their price target on Gambling.com Group from $9.00 to $7.00 and set a “hold” rating for the company in a report on Friday, November 14th. Finally, Weiss Ratings cut Gambling.com Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Saturday, October 25th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of GAMB. G2 Investment Partners Management LLC boosted its position in Gambling.com Group by 70.9% during the 2nd quarter. G2 Investment Partners Management LLC now owns 1,802,443 shares of the company’s stock valued at $21,431,000 after buying an additional 747,559 shares during the period. AWM Investment Company Inc. raised its stake in shares of Gambling.com Group by 0.3% during the second quarter. AWM Investment Company Inc. now owns 1,494,915 shares of the company’s stock valued at $17,775,000 after acquiring an additional 5,000 shares during the last quarter. Millennium Management LLC raised its stake in shares of Gambling.com Group by 231.9% during the third quarter. Millennium Management LLC now owns 1,231,370 shares of the company’s stock valued at $10,073,000 after acquiring an additional 860,369 shares during the last quarter. Driehaus Capital Management LLC boosted its holdings in shares of Gambling.com Group by 47.4% during the first quarter. Driehaus Capital Management LLC now owns 750,454 shares of the company’s stock worth $9,471,000 after purchasing an additional 241,386 shares during the period. Finally, Boothbay Fund Management LLC boosted its holdings in shares of Gambling.com Group by 225.2% during the second quarter. Boothbay Fund Management LLC now owns 669,989 shares of the company’s stock worth $7,966,000 after purchasing an additional 463,993 shares during the period. 72.26% of the stock is currently owned by institutional investors.

Gambling.com Group Price Performance

Shares of NASDAQ GAMB opened at $5.26 on Tuesday. The firm has a market capitalization of $187.66 million, a P/E ratio of 105.12 and a beta of 0.87. The firm’s 50-day moving average price is $6.03 and its 200-day moving average price is $8.52. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.58. Gambling.com Group has a 1-year low of $4.60 and a 1-year high of $17.14.

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

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.