Gambling.com Group Limited (NASDAQ:GAMB) Receives $7.88 Average Target Price from Analysts

Gambling.com Group Limited (NASDAQ:GAMB) has been given an average recommendation of “Moderate Buy” by the nine research firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $7.8750.

A number of research analysts have weighed in on the stock. Stifel Nicolaus reduced their price target on shares of Gambling.com Group from $12.00 to $8.00 and set a “buy” rating on the stock in a research report on Friday, March 13th. Truist Financial dropped their price objective on shares of Gambling.com Group from $6.00 to $5.00 and set a “hold” rating for the company in a research report on Thursday, March 12th. Jefferies Financial Group reduced their target price on shares of Gambling.com Group from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Friday, March 13th. Freedom Capital raised shares of Gambling.com Group to a “strong-buy” rating in a research report on Tuesday, December 30th. Finally, Loop Capital set a $8.50 price target on Gambling.com Group in a report on Tuesday, December 30th.

Institutional Investors Weigh In On Gambling.com Group

A number of large investors have recently modified their holdings of the stock. Aristides Capital LLC raised its holdings in shares of Gambling.com Group by 9.0% during the 4th quarter. Aristides Capital LLC now owns 35,900 shares of the company’s stock valued at $196,000 after buying an additional 2,961 shares during the period. XTX Topco Ltd purchased a new position in Gambling.com Group in the 4th quarter worth approximately $280,000. AQR Capital Management LLC grew its position in Gambling.com Group by 27.8% in the fourth quarter. AQR Capital Management LLC now owns 137,077 shares of the company’s stock valued at $748,000 after acquiring an additional 29,854 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Gambling.com Group by 7.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 277,719 shares of the company’s stock valued at $1,518,000 after purchasing an additional 20,349 shares during the period. Finally, Barclays PLC raised its stake in shares of Gambling.com Group by 31.1% during the fourth quarter. Barclays PLC now owns 119,396 shares of the company’s stock valued at $652,000 after purchasing an additional 28,323 shares during the period. Institutional investors and hedge funds own 72.26% of the company’s stock.

Gambling.com Group Stock Performance

Shares of NASDAQ:GAMB opened at $3.81 on Thursday. The business has a 50-day moving average of $4.25 and a two-hundred day moving average of $5.59. The firm has a market capitalization of $133.73 million, a PE ratio of -4.01 and a beta of 0.91. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. Gambling.com Group has a 12 month low of $3.63 and a 12 month high of $14.95.

Gambling.com Group (NASDAQ:GAMB) last released its quarterly earnings data on Thursday, March 12th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.10. Gambling.com Group had a positive return on equity of 38.87% and a negative net margin of 19.90%.The business had revenue of $46.24 million for the quarter, compared to analyst estimates of $46.06 million. As a group, research analysts forecast that Gambling.com Group will post 0.88 earnings per share for the current year.

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.