Gambling.com Group Limited (NASDAQ:GAMB) Receives $11.81 Average PT from Analysts

Gambling.com Group Limited (NASDAQ:GAMB) has earned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $10.4375.

Several brokerages recently weighed in on GAMB. Loop Capital set a $8.50 price target on Gambling.com Group in a report on Tuesday, December 30th. Stifel Nicolaus reiterated a “buy” rating and issued a $12.00 price target (down from $15.00) on shares of Gambling.com Group in a research report on Friday, November 14th. BTIG Research reiterated a “neutral” rating on shares of Gambling.com Group in a research report on Friday, November 14th. Truist Financial dropped their target price on Gambling.com Group from $9.00 to $7.00 and set a “hold” rating for the company in a research note on Friday, November 14th. Finally, Macquarie cut their price target on shares of Gambling.com Group from $14.00 to $9.00 and set an “outperform” rating on the stock in a research note on Friday, November 14th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Geode Capital Management LLC increased its holdings in shares of Gambling.com Group by 0.9% in the 2nd quarter. Geode Capital Management LLC now owns 215,084 shares of the company’s stock worth $2,557,000 after acquiring an additional 1,822 shares during the period. AdvisorShares Investments LLC grew its position in Gambling.com Group by 8.0% in the 2nd quarter. AdvisorShares Investments LLC now owns 25,520 shares of the company’s stock worth $303,000 after purchasing an additional 1,900 shares during the last quarter. Stoneridge Investment Partners LLC increased its stake in shares of Gambling.com Group by 9.1% in the third quarter. Stoneridge Investment Partners LLC now owns 26,021 shares of the company’s stock valued at $213,000 after purchasing an additional 2,171 shares during the period. SBI Securities Co. Ltd. increased its stake in shares of 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 valued at $29,000 after purchasing an additional 2,416 shares during the period. Finally, J. Safra Sarasin Holding AG raised its holdings in shares of Gambling.com Group by 5.9% during the fourth quarter. J. Safra Sarasin Holding AG now owns 46,300 shares of the company’s stock valued at $253,000 after buying an additional 2,600 shares during the last quarter. Institutional investors and hedge funds own 72.26% of the company’s stock.

Gambling.com Group Stock Down 0.6%

Shares of NASDAQ GAMB opened at $4.87 on Friday. Gambling.com Group has a 12-month low of $4.60 and a 12-month high of $17.14. The stock has a market cap of $173.91 million, a P/E ratio of 97.42 and a beta of 0.87. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.58. The business’s fifty day simple moving average is $5.26 and its 200-day simple moving average is $7.60.

Gambling.com Group (NASDAQ:GAMB) last announced its quarterly earnings data on Thursday, November 13th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates 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%. As a group, equities analysts predict that Gambling.com Group will post 0.88 EPS 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.