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

Key Points

• Gambling.com Group Limited has been rated as a "Moderate Buy" by ten brokerages, with seven recommending a buy and three suggesting a hold, reflecting optimism about the stock's potential.
• The average 1-year price target set by analysts for Gambling.com Group stock is $16.00, despite recent target price reductions from firms like BTIG and Truist Financial.
• Gambling.com reported $0.37 earnings per share for the last quarter, surpassing expectations and contributing to a net margin of 9.66%.

Gambling.com Group Limited (NASDAQ:GAMB - Get Free Report) has received an average recommendation of "Moderate Buy" from the ten brokerages that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $16.00.

Several research firms have commented on GAMB. BTIG Research lowered their target price on shares of Gambling.com Group from $19.00 to $12.00 and set a "buy" rating on the stock in a research report on Friday, August 15th. Truist Financial downgraded shares of Gambling.com Group from a "buy" rating to a "hold" rating and lowered their target price for the stock from $17.00 to $11.00 in a research report on Friday, August 15th. Jefferies Financial Group lowered their target price on shares of 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. Weiss Ratings raised shares of Gambling.com Group from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Wednesday. Finally, Stifel Nicolaus lowered their target price on shares of 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.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. G2 Investment Partners Management LLC grew its stake 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 buying an additional 747,559 shares during the last quarter. AWM Investment Company Inc. grew its stake in Gambling.com Group by 0.3% in the 2nd quarter. AWM Investment Company Inc. now owns 1,494,915 shares of the company's stock valued at $17,775,000 after buying an additional 5,000 shares during the last quarter. Driehaus Capital Management LLC grew its stake 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 buying an additional 241,386 shares during the last quarter. Boothbay Fund Management LLC grew its stake in 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 last quarter. Finally, Acadian Asset Management LLC grew its stake in Gambling.com Group by 26.1% in the 1st quarter. Acadian Asset Management LLC now owns 394,841 shares of the company's stock valued at $4,974,000 after buying an additional 81,836 shares during the last quarter. 72.26% of the stock is currently owned by institutional investors and hedge funds.

Gambling.com Group Stock Performance

Shares of GAMB stock opened at $7.99 on Thursday. 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 has a fifty-two week low of $7.89 and a fifty-two week high of $17.14. The stock's 50-day moving average is $8.74 and its two-hundred day moving average is $10.98. The firm has a market cap of $285.35 million, a P/E ratio of 19.98 and a beta of 0.87.

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

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