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

Gambling.com Group Limited (NASDAQ:GAMB) has been assigned an average recommendation of “Moderate Buy” from the ten brokerages that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $13.00.

GAMB has been the topic of a number of research analyst reports. Wall Street Zen downgraded Gambling.com Group from a “buy” rating to a “hold” rating in a report on Saturday, August 16th. Jefferies Financial Group cut their price objective on Gambling.com Group from $13.00 to $8.00 and set a “buy” rating on the stock in a research report on Friday, November 14th. BTIG Research restated a “neutral” rating on shares of Gambling.com Group in a report on Friday, November 14th. Stifel Nicolaus reiterated a “buy” rating and issued a $12.00 price target (down previously from $15.00) on shares of Gambling.com Group in a report on Friday, November 14th. Finally, Macquarie reduced their price objective on shares of Gambling.com Group from $14.00 to $9.00 and set an “outperform” rating on the stock in a research report on Friday, November 14th.

Gambling.com Group Trading Up 5.1%

Shares of GAMB opened at $5.39 on Friday. The stock has a market capitalization of $192.48 million, a P/E ratio of 107.82 and a beta of 0.85. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.58. The firm has a fifty day simple moving average of $7.07 and a two-hundred day simple moving average of $9.48. Gambling.com Group has a twelve month low of $4.60 and a twelve month high of $17.14.

Gambling.com Group (NASDAQ:GAMB) last released its quarterly earnings data on Thursday, November 13th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.07. The firm had revenue of $38.98 million for the quarter, compared to analysts’ expectations of $41.06 million. Gambling.com Group had a net margin of 1.23% and a return on equity of 37.78%. Gambling.com Group has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Gambling.com Group will post 0.88 EPS for the current year.

Hedge Funds Weigh In On Gambling.com Group

Institutional investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. lifted its holdings in Gambling.com Group by 21,963.6% in the second quarter. SBI Securities Co. Ltd. now owns 2,427 shares of the company’s stock worth $29,000 after buying an additional 2,416 shares during the period. Simplex Trading LLC raised its position in shares of Gambling.com Group by 191.0% in the 1st quarter. Simplex Trading LLC now owns 3,899 shares of the company’s stock worth $49,000 after acquiring an additional 2,559 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Gambling.com Group by 653.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,254 shares of the company’s stock valued at $62,000 after purchasing an additional 4,557 shares during the period. Sherbrooke Park Advisers LLC bought a new stake in shares of Gambling.com Group during the third quarter valued at approximately $109,000. Finally, Corsair Capital Management L.P. purchased a new stake in Gambling.com Group in the second quarter worth $119,000. 72.26% of the stock is owned by institutional investors.

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.