Gambling.com Group Limited (NASDAQ:GAMB) Receives Consensus Rating of “Hold” from Analysts

Gambling.com Group Limited (NASDAQ:GAMB) has been assigned a consensus recommendation of “Hold” from the nine ratings firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $12.2857.

A number of brokerages have commented on GAMB. Macquarie cut their price objective on shares of Gambling.com Group from $14.00 to $9.00 and set an “outperform” rating for the company in a research report on Friday, November 14th. BTIG Research reiterated a “neutral” rating on shares of Gambling.com Group in a research note on Friday, November 14th. Jefferies Financial Group reduced their price objective on shares of Gambling.com Group from $13.00 to $8.00 and set a “buy” rating for the company in a research report on Friday, November 14th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $12.00 price objective (down previously from $15.00) on shares of Gambling.com Group in a report on Friday, November 14th. Finally, Zacks Research downgraded Gambling.com Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 1st.

Institutional Investors Weigh In On Gambling.com Group

Several institutional investors have recently made changes to their positions in GAMB. Cubist Systematic Strategies LLC grew its holdings in Gambling.com Group by 185.5% in the first quarter. Cubist Systematic Strategies LLC now owns 193,686 shares of the company’s stock valued at $2,444,000 after purchasing an additional 125,834 shares during the period. Diversified Investment Strategies LLC boosted its holdings in shares of Gambling.com Group by 52.8% in the 2nd quarter. Diversified Investment Strategies LLC now owns 275,000 shares of the company’s stock valued at $3,270,000 after purchasing an additional 95,000 shares during the last quarter. Trexquant Investment LP acquired a new position in shares of Gambling.com Group in the 1st quarter valued at $1,249,000. Steamboat Capital Partners LLC grew its stake in shares of Gambling.com Group by 47.6% during the 1st quarter. Steamboat Capital Partners LLC now owns 147,422 shares of the company’s stock valued at $1,860,000 after buying an additional 47,517 shares during the period. Finally, Acadian Asset Management LLC increased its holdings in shares of Gambling.com Group by 26.1% during the 1st quarter. Acadian Asset Management LLC now owns 394,841 shares of the company’s stock worth $4,974,000 after buying an additional 81,836 shares during the last quarter. 72.26% of the stock is currently owned by hedge funds and other institutional investors.

Gambling.com Group Stock Up 1.0%

GAMB opened at $5.21 on Tuesday. Gambling.com Group has a 52 week low of $4.60 and a 52 week high of $17.14. The business has a 50 day moving average price of $6.18 and a two-hundred day moving average price of $8.61. 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 company has a market cap of $186.05 million, a PE ratio of 104.22 and a beta of 0.87.

Gambling.com Group (NASDAQ:GAMB) last released its earnings results 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. Gambling.com Group had a return on equity of 37.78% and a net margin of 1.23%.The business had revenue of $38.98 million for the quarter, compared to analyst estimates of $41.06 million. As a group, research analysts anticipate that Gambling.com Group will post 0.88 EPS for the current year.

Gambling.com Group Company Profile

Gambling.com Group is a digital performance marketing company specializing in the online gambling industry. Through a diversified portfolio of affiliate websites, the company generates leads and traffic for operators in segments such as sports betting, online casino, poker, bingo and daily fantasy sports. Its platforms offer in-depth reviews, expert guides, comparison tools and editorial content designed to help players make informed choices and drive conversions for partner brands.

The group’s service offerings include search engine optimization, pay-per-click campaigns, display advertising, email marketing and social media management.