Gambling.com Group Limited (NASDAQ:GAMB) Receives $18.25 Average Price Target from Analysts

Shares of Gambling.com Group Limited (NASDAQ:GAMB) have been assigned a consensus recommendation of “Buy” from the eight brokerages that are presently covering the firm, MarketBeat reports. Eight investment analysts have rated the stock with a buy recommendation. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $18.25.

Several analysts have recently weighed in on GAMB shares. Truist Financial cut their price objective on Gambling.com Group from $18.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, April 23rd. Cantor Fitzgerald started coverage on Gambling.com Group in a report on Wednesday, March 5th. They issued an “overweight” rating and a $20.00 price objective for the company. Wall Street Zen upgraded Gambling.com Group from a “hold” rating to a “buy” rating in a report on Friday, May 30th. Benchmark restated a “buy” rating and issued a $18.00 price objective on shares of Gambling.com Group in a report on Thursday, February 20th. Finally, Macquarie upped their price objective on Gambling.com Group from $18.00 to $19.00 and gave the company an “outperform” rating in a report on Friday, March 21st.

Gambling.com Group Price Performance

Shares of GAMB opened at $12.24 on Friday. The company has a market cap of $425.50 million, a P/E ratio of 15.69 and a beta of 0.95. The stock has a fifty day moving average price of $12.40 and a 200 day moving average price of $13.46. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 1.03. Gambling.com Group has a 12 month low of $7.57 and a 12 month high of $17.14.

Gambling.com Group (NASDAQ:GAMB) last released its quarterly earnings results on Thursday, May 15th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.27. Gambling.com Group had a return on equity of 25.06% and a net margin of 23.40%. The company had revenue of $40.64 million during the quarter, compared to analysts’ expectations of $40.07 million. On average, research analysts forecast that Gambling.com Group will post 0.88 earnings per share for the current year.

Institutional Trading of Gambling.com Group

Several institutional investors have recently modified their holdings of GAMB. Global Retirement Partners LLC boosted its stake in Gambling.com Group by 1,613.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,971 shares of the company’s stock valued at $28,000 after buying an additional 1,856 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Gambling.com Group by 1,968.4% in the 4th quarter. Russell Investments Group Ltd. now owns 2,420 shares of the company’s stock valued at $34,000 after buying an additional 2,303 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in Gambling.com Group by 481.8% in the 4th quarter. Quadrant Capital Group LLC now owns 2,461 shares of the company’s stock valued at $35,000 after buying an additional 2,038 shares in the last quarter. IFP Advisors Inc acquired a new stake in Gambling.com Group in the 4th quarter valued at $49,000. Finally, Simplex Trading LLC boosted its stake in Gambling.com Group by 191.0% in the 1st quarter. Simplex Trading LLC now owns 3,899 shares of the company’s stock valued at $49,000 after buying an additional 2,559 shares in the last quarter. Institutional investors and hedge funds own 72.26% of the company’s stock.

Gambling.com Group Company Profile

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.