Gambling.com Group Limited (NASDAQ:GAMB) Receives Average Recommendation of “Buy” from Analysts

Gambling.com Group Limited (NASDAQ:GAMB) has earned an average recommendation of “Buy” from the five brokerages that are currently covering the firm, MarketBeat reports. Five analysts have rated the stock with a buy rating. The average 12 month price target among analysts that have covered the stock in the last year is $15.00.

A number of equities research analysts have weighed in on GAMB shares. Stifel Nicolaus lifted their price objective on Gambling.com Group from $13.00 to $14.00 and gave the company a “buy” rating in a report on Friday. Macquarie lifted their price target on Gambling.com Group from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Monday. Craig Hallum increased their price objective on Gambling.com Group from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Truist Financial restated a “buy” rating and set a $16.00 target price (up from $13.00) on shares of Gambling.com Group in a research report on Friday.

Gambling.com Group Stock Performance

Shares of NASDAQ GAMB traded up $0.17 during mid-day trading on Monday, hitting $11.94. 260,123 shares of the company were exchanged, compared to its average volume of 167,368. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.17. The firm has a market cap of $444.41 million, a price-to-earnings ratio of 15.37 and a beta of 0.86. The stock has a 50 day simple moving average of $10.01 and a 200-day simple moving average of $9.20. Gambling.com Group has a 1-year low of $7.51 and a 1-year high of $13.00.

Gambling.com Group (NASDAQ:GAMB) last issued its earnings results on Thursday, August 15th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.07. The business had revenue of $30.54 million for the quarter, compared to the consensus estimate of $27.11 million. Gambling.com Group had a net margin of 23.40% and a return on equity of 25.28%. On average, sell-side analysts forecast that Gambling.com Group will post 0.8 EPS for the current fiscal year.

Institutional Trading of Gambling.com Group

Large investors have recently bought and sold shares of the company. Barclays PLC grew its stake in Gambling.com Group by 94.0% in the 3rd quarter. Barclays PLC now owns 38,494 shares of the company’s stock valued at $385,000 after acquiring an additional 18,656 shares during the last quarter. State Street Corp increased its stake in shares of Gambling.com Group by 4.2% during the 3rd quarter. State Street Corp now owns 194,120 shares of the company’s stock worth $1,945,000 after purchasing an additional 7,806 shares in the last quarter. MetLife Investment Management LLC raised its position in shares of Gambling.com Group by 111.2% during the 3rd quarter. MetLife Investment Management LLC now owns 12,384 shares of the company’s stock worth $124,000 after purchasing an additional 6,519 shares during the last quarter. Quarry LP lifted its stake in Gambling.com Group by 1,997.6% in the 2nd quarter. Quarry LP now owns 12,019 shares of the company’s stock valued at $99,000 after buying an additional 11,446 shares in the last quarter. Finally, Gabelli Funds LLC lifted its position in shares of Gambling.com Group by 4.2% in the second quarter. Gabelli Funds LLC now owns 32,000 shares of the company’s stock valued at $263,000 after acquiring an additional 1,300 shares in the last quarter. Institutional investors and hedge funds own 72.26% of the company’s stock.

About Gambling.com Group

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.