Gambling.com Group Limited (NASDAQ:GAMB) Receives $17.88 Average Price Target from Brokerages

Key Points

• Gambling.com Group Limited has received a consensus recommendation of "Buy" from eight research firms, with an average 1-year price target of $17.88.
• The company reported earnings of $0.46 per share, exceeding expectations of $0.19, and had revenue of $40.64 million for the quarter.
• Hedge funds own over 72.26% of Gambling.com Group's stock, with notable increases in stakes from several investment firms during the past quarters.

Shares of Gambling.com Group Limited (NASDAQ:GAMB - Get Free Report) have received an average rating of "Buy" from the eight research firms that are covering the stock, MarketBeat.com reports. Eight analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $17.88.

GAMB has been the topic of several research reports. Truist Financial dropped their target price on Gambling.com Group from $18.00 to $17.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Wall Street Zen raised shares of Gambling.com Group from a "hold" rating to a "buy" rating in a report on Friday, May 30th. Finally, Jefferies Financial Group reduced their target price on shares of Gambling.com Group from $20.00 to $18.00 and set a "buy" rating for the company in a report on Thursday, July 3rd.

Institutional Trading of Gambling.com Group

Institutional investors and hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. increased 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 worth $34,000 after buying an additional 2,303 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Gambling.com Group by 481.8% in the fourth quarter. Quadrant Capital Group LLC now owns 2,461 shares of the company's stock worth $35,000 after acquiring an additional 2,038 shares during the period. Simplex Trading LLC grew its position in shares of Gambling.com Group by 191.0% during the first quarter. Simplex Trading LLC now owns 3,899 shares of the company's stock worth $49,000 after purchasing an additional 2,559 shares in the last quarter. Quarry LP purchased a new stake in shares of Gambling.com Group during the fourth quarter worth about $128,000. Finally, Quantbot Technologies LP raised its stake in Gambling.com Group by 12,853.2% during the 4th quarter. Quantbot Technologies LP now owns 10,233 shares of the company's stock valued at $144,000 after purchasing an additional 10,154 shares during the period. 72.26% of the stock is currently owned by institutional investors.

Gambling.com Group Stock Performance

Shares of GAMB traded down $0.43 during mid-day trading on Friday, hitting $10.53. 491,473 shares of the company traded hands, compared to its average volume of 300,030. The stock has a market cap of $366.02 million, a price-to-earnings ratio of 10.86 and a beta of 0.93. The stock has a 50-day moving average price of $11.72 and a two-hundred day moving average price of $12.88. Gambling.com Group has a 1 year low of $8.49 and a 1 year high of $17.14. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.06 and a current ratio of 1.06.

Gambling.com Group (NASDAQ:GAMB - Get Free Report) last posted its earnings results on Thursday, May 15th. The company reported $0.46 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.27. The business had revenue of $40.64 million during the quarter, compared to the consensus estimate of $40.07 million. Gambling.com Group had a net margin of 24.97% and a return on equity of 34.63%. Equities analysts anticipate that Gambling.com Group will post 0.88 earnings per share for the current 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.