Gambling.com Group Limited (NASDAQ:GAMB) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Gambling.com Group Limited has received a consensus rating of "Moderate Buy" from eight analysts, with an average 1-year price objective of $16.00.
• Shares of the company recently opened at $8.64, reflecting a 2.3% decline, and the stock has a market capitalization of $308.53 million.
• The company reported earnings per share of $0.37 for the last quarter, surpassing analysts' estimates of $0.12, and had revenue of $39.59 million.

Gambling.com Group Limited (NASDAQ:GAMB - Get Free Report) has received a consensus rating of "Moderate Buy" from the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $16.00.

A number of analysts recently issued reports on GAMB shares. Truist Financial downgraded Gambling.com Group from a "buy" rating to a "hold" rating and cut their price objective for the stock from $17.00 to $11.00 in a research report on Friday, August 15th. Stifel Nicolaus dropped their target price on Gambling.com Group from $18.00 to $15.00 and set a "buy" rating for the company in a research report on Friday, August 15th. Wall Street Zen downgraded Gambling.com Group from a "buy" rating to a "hold" rating in a research report on Saturday. BTIG Research dropped their target price on Gambling.com Group from $19.00 to $12.00 and set a "buy" rating for the company in a research report on Friday, August 15th. Finally, Jefferies Financial Group dropped their target price on Gambling.com Group from $18.00 to $15.00 and set a "buy" rating for the company in a research report on Friday, August 15th.

Gambling.com Group Stock Down 2.3%

Shares of NASDAQ:GAMB opened at $8.64 on Wednesday. The business has a 50-day moving average price of $11.13 and a 200 day moving average price of $12.45. The company has a current ratio of 0.59, a quick ratio of 1.06 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $308.53 million, a price-to-earnings ratio of 21.60 and a beta of 0.91. Gambling.com Group has a 12-month low of $8.50 and a 12-month high of $17.14.

Gambling.com Group (NASDAQ:GAMB - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.25. The firm had revenue of $39.59 million during the quarter, compared to the consensus estimate of $38.93 million. Gambling.com Group had a return on equity of 38.04% and a net margin of 9.66%. Gambling.com Group has set its FY 2025 guidance at EPS. Sell-side analysts expect that Gambling.com Group will post 0.88 EPS for the current year.

Hedge Funds Weigh In On Gambling.com Group

Several institutional investors have recently bought and sold shares of the company. G2 Investment Partners Management LLC grew its position in Gambling.com Group by 70.9% in the 2nd quarter. G2 Investment Partners Management LLC now owns 1,802,443 shares of the company's stock valued at $21,431,000 after acquiring an additional 747,559 shares in the last quarter. AWM Investment Company Inc. grew its position in Gambling.com Group by 9.8% in the 4th quarter. AWM Investment Company Inc. now owns 1,517,259 shares of the company's stock valued at $21,363,000 after acquiring an additional 135,000 shares in the last quarter. Driehaus Capital Management LLC grew its position in Gambling.com Group by 47.4% in the 1st quarter. Driehaus Capital Management LLC now owns 750,454 shares of the company's stock valued at $9,471,000 after acquiring an additional 241,386 shares in the last quarter. Boothbay Fund Management LLC boosted its stake in shares of Gambling.com Group by 225.2% in the 2nd quarter. Boothbay Fund Management LLC now owns 669,989 shares of the company's stock valued at $7,966,000 after buying an additional 463,993 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Gambling.com Group by 12.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 503,426 shares of the company's stock valued at $7,089,000 after buying an additional 56,268 shares during the period. 72.26% of the stock is owned by institutional investors and hedge funds.

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.

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