Analysts Set Gambling.com Group Limited (NASDAQ:GAMB) Target Price at $16.00

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.

Shares of Gambling.com Group Limited (NASDAQ:GAMB - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the eight analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $16.00.

Several research analysts have issued reports on GAMB shares. Stifel Nicolaus dropped their target price on Gambling.com Group from $18.00 to $15.00 and set a "buy" rating on the stock in a research report on Friday, August 15th. Truist Financial cut Gambling.com Group from a "buy" rating to a "hold" rating and dropped their target price for the stock from $17.00 to $11.00 in a research report on Friday, August 15th. BTIG Research decreased their price objective on Gambling.com Group from $19.00 to $12.00 and set a "buy" rating on the stock in a research note on Friday, August 15th. Jefferies Financial Group reduced their target price on shares of Gambling.com Group from $18.00 to $15.00 and set a "buy" rating for the company in a report on Friday, August 15th. Finally, Wall Street Zen lowered shares of Gambling.com Group from a "buy" rating to a "hold" rating in a report on Saturday, August 16th.

Institutional Trading of Gambling.com Group

Institutional investors have recently made changes to their positions in the business. Jane Street Group LLC grew its position in shares of Gambling.com Group by 119.4% during the fourth quarter. Jane Street Group LLC now owns 41,291 shares of the company's stock worth $581,000 after purchasing an additional 22,471 shares in the last quarter. LPL Financial LLC boosted 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 valued at $402,000 after buying an additional 2,275 shares during the last quarter. BNP Paribas Financial Markets bought a new position in Gambling.com Group during the fourth quarter valued at approximately $1,337,000. Tocqueville Asset Management L.P. boosted its stake in Gambling.com Group by 50.0% during the first quarter. Tocqueville Asset Management L.P. now owns 195,000 shares of the company's stock valued at $2,461,000 after buying an additional 65,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Gambling.com Group by 12.6% during the fourth 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 last quarter. Hedge funds and other institutional investors own 72.26% of the company's stock.

Gambling.com Group Stock Performance

NASDAQ GAMB traded up $0.25 during trading hours on Wednesday, hitting $8.55. The company's stock had a trading volume of 735,869 shares, compared to its average volume of 861,145. Gambling.com Group has a 12 month low of $8.27 and a 12 month high of $17.14. The company's 50 day simple moving average is $10.91 and its two-hundred day simple moving average is $12.29. The company has a market cap of $305.32 million, a P/E ratio of 21.38 and a beta of 0.91. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.59 and a quick ratio of 0.59.

Gambling.com Group (NASDAQ:GAMB - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.12 by $0.25. The company 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. As a group, sell-side analysts expect that Gambling.com Group will post 0.88 EPS for the current fiscal year.

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.