Brokerages Set Gambling.com Group Limited (NASDAQ:GAMB) Target Price at $18.25

Shares of Gambling.com Group Limited (NASDAQ:GAMB - Get Free Report) have received a consensus recommendation of "Buy" from the eight ratings firms that are covering the firm, Marketbeat.com reports. Eight investment analysts have rated the stock with a buy rating. The average 1-year target price among analysts that have covered the stock in the last year is $18.25.

A number of equities research analysts recently commented on the stock. Cantor Fitzgerald assumed coverage on shares of Gambling.com Group in a report on Wednesday, March 5th. They set an "overweight" rating and a $20.00 price objective on the stock. Macquarie raised their price objective on Gambling.com Group from $18.00 to $19.00 and gave the company an "outperform" rating in a report on Friday, March 21st. Wall Street Zen upgraded shares of Gambling.com Group from a "hold" rating to a "buy" rating in a report on Friday, May 30th. Finally, Truist Financial cut their target price on shares of 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.

Gambling.com Group Trading Up 0.6%

Shares of Gambling.com Group stock traded up $0.07 during trading on Tuesday, hitting $11.96. 225,954 shares of the company were exchanged, compared to its average volume of 315,016. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market capitalization of $415.73 million, a P/E ratio of 12.33 and a beta of 0.95. The firm's fifty day moving average price is $12.39 and its 200 day moving average price is $13.30. Gambling.com Group has a 1-year low of $7.88 and a 1-year high of $17.14.

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

Institutional Investors Weigh In On Gambling.com Group

Institutional investors have recently modified their holdings of the business. Global Retirement Partners LLC boosted its holdings in Gambling.com Group by 1,613.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,971 shares of the company's stock valued at $28,000 after purchasing 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 valued at $34,000 after buying an additional 2,303 shares during the period. Quadrant Capital Group LLC increased its stake in Gambling.com Group by 481.8% during the 4th 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 acquired a new position in Gambling.com Group in the 4th quarter valued at $49,000. Finally, Simplex Trading LLC lifted its position in shares of Gambling.com Group by 191.0% during the 1st quarter. Simplex Trading LLC now owns 3,899 shares of the company's stock valued at $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.