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

Shares of Gambling.com Group Limited (NASDAQ:GAMB - Get Free Report) have been assigned a consensus recommendation of "Buy" from the eight analysts that are covering the firm, Marketbeat reports. Eight equities research analysts have rated the stock with a buy recommendation. The average 12 month target price among analysts that have issued a report on the stock in the last year is $18.25.

Several analysts have commented on the company. Cantor Fitzgerald assumed coverage on Gambling.com Group in a research note on Wednesday, March 5th. They set an "overweight" rating and a $20.00 target price on the stock. Wall Street Zen upgraded Gambling.com Group from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. Benchmark restated a "buy" rating and issued a $18.00 price target on shares of Gambling.com Group in a research note on Thursday, February 20th. Truist Financial decreased their price target on Gambling.com Group from $18.00 to $17.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Finally, Macquarie boosted their price target on Gambling.com Group from $18.00 to $19.00 and gave the stock an "outperform" rating in a research note on Friday, March 21st.

Gambling.com Group Stock Down 3.0%

GAMB stock opened at $11.53 on Friday. Gambling.com Group has a twelve month low of $7.52 and a twelve month high of $17.14. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.20. The firm has a market cap of $400.82 million, a PE ratio of 14.78 and a beta of 0.95. The business has a 50 day moving average of $12.43 and a 200 day moving average of $13.47.

Gambling.com Group (NASDAQ:GAMB - Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The company reported $0.46 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.27. Gambling.com Group had a return on equity of 25.06% and a net margin of 23.40%. The company had revenue of $40.64 million during the quarter, compared to analyst estimates of $40.07 million. On average, research analysts forecast that Gambling.com Group will post 0.88 EPS for the current fiscal year.

Institutional Trading of Gambling.com Group

Several hedge funds have recently bought and sold shares of GAMB. Global Retirement Partners LLC boosted its stake in shares of Gambling.com Group by 1,613.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,971 shares of the company's stock worth $28,000 after acquiring an additional 1,856 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Gambling.com Group by 1,968.4% in the fourth quarter. Russell Investments Group Ltd. now owns 2,420 shares of the company's stock worth $34,000 after acquiring an additional 2,303 shares during the period. 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. IFP Advisors Inc bought a new position in shares of Gambling.com Group in the fourth quarter worth about $49,000. Finally, Simplex Trading LLC boosted its stake in shares of Gambling.com Group by 191.0% in the first quarter. Simplex Trading LLC now owns 3,899 shares of the company's stock worth $49,000 after acquiring an additional 2,559 shares during the period. Institutional investors own 72.26% of the company's stock.

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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