Brokerages Set Gambling.com Group Limited (NASDAQ:GAMB) Price Target at $17.67

Shares of Gambling.com Group Limited (NASDAQ:GAMB - Get Free Report) have earned an average recommendation of "Buy" from the nine ratings firms that are presently covering the stock, Marketbeat.com reports. Nine analysts have rated the stock with a buy recommendation. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $17.67.

GAMB has been the topic of a number of research analyst reports. Truist Financial reduced their target price on Gambling.com Group from $18.00 to $17.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Macquarie raised their price objective on Gambling.com Group from $18.00 to $19.00 and gave the company an "outperform" rating in a research report on Friday, March 21st. Benchmark reissued a "buy" rating and issued a $18.00 price objective on shares of Gambling.com Group in a research note on Thursday, February 20th. Jefferies Financial Group boosted their price objective on shares of Gambling.com Group from $20.00 to $21.00 and gave the company a "buy" rating in a report on Wednesday, January 15th. Finally, Cantor Fitzgerald initiated coverage on shares of Gambling.com Group in a research report on Wednesday, March 5th. They issued an "overweight" rating and a $20.00 price objective for the company.

Institutional Trading of Gambling.com Group

Several institutional investors have recently added to or reduced their stakes in GAMB. LPL Financial LLC lifted its stake in Gambling.com Group by 8.7% during the fourth quarter. LPL Financial LLC now owns 28,549 shares of the company's stock worth $402,000 after purchasing an additional 2,275 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Gambling.com Group by 12.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 503,426 shares of the company's stock worth $7,089,000 after acquiring an additional 56,268 shares during the period. Barclays PLC increased its position in shares of Gambling.com Group by 94.0% during the third quarter. Barclays PLC now owns 38,494 shares of the company's stock worth $385,000 after acquiring an additional 18,656 shares during the period. Los Angeles Capital Management LLC purchased a new stake in shares of Gambling.com Group during the fourth quarter worth $2,280,000. Finally, Gagnon Securities LLC purchased a new stake in shares of Gambling.com Group during the fourth quarter worth $317,000. Institutional investors and hedge funds own 72.26% of the company's stock.

Gambling.com Group Stock Up 2.6%

NASDAQ:GAMB traded up $0.37 on Monday, hitting $14.58. The stock had a trading volume of 249,068 shares, compared to its average volume of 276,323. The business's fifty day moving average is $12.57 and its 200 day moving average is $13.26. The company has a market cap of $506.84 million, a PE ratio of 18.69 and a beta of 1.04. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.20. Gambling.com Group has a 52 week low of $7.52 and a 52 week high of $17.14.

Gambling.com Group (NASDAQ:GAMB - Get Free Report) last released its earnings results on Thursday, March 20th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.25 by $0.10. Gambling.com Group had a return on equity of 25.06% and a net margin of 23.40%. The business had revenue of $35.30 million during the quarter, compared to the consensus estimate of $35.20 million. The firm's quarterly revenue was up 8.6% compared to the same quarter last year. On average, equities research analysts expect that Gambling.com Group will post 0.88 EPS for the current fiscal 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.