Gambling.com Group Limited (NASDAQ:GAMB) Given Average Rating of “Moderate Buy” by Brokerages

Gambling.com Group Limited (NASDAQ:GAMB) has been assigned a consensus rating of “Moderate Buy” from the ten ratings firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $11.8125.

Several equities analysts recently weighed in on the company. Freedom Capital raised Gambling.com Group to a “strong-buy” rating in a research report on Tuesday, December 30th. Jefferies Financial Group cut their target price on shares of Gambling.com Group from $13.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, November 14th. BTIG Research reiterated a “neutral” rating on shares of Gambling.com Group in a research report on Friday, November 14th. Weiss Ratings downgraded shares of Gambling.com Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Saturday, October 25th. Finally, Macquarie decreased their price target on Gambling.com Group from $14.00 to $9.00 and set an “outperform” rating on the stock in a research note on Friday, November 14th.

Gambling.com Group Price Performance

NASDAQ GAMB opened at $4.91 on Friday. Gambling.com Group has a 1 year low of $4.60 and a 1 year high of $17.14. The company has a fifty day simple moving average of $5.38 and a 200 day simple moving average of $7.78. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.58. The company has a market cap of $175.34 million, a P/E ratio of 98.22 and a beta of 0.87.

Gambling.com Group (NASDAQ:GAMB) last announced its earnings results on Thursday, November 13th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.19 by $0.07. Gambling.com Group had a net margin of 1.23% and a return on equity of 37.78%. The firm had revenue of $38.98 million for the quarter, compared to the consensus estimate of $41.06 million. On average, sell-side analysts predict that Gambling.com Group will post 0.88 EPS for the current year.

Hedge Funds Weigh In On Gambling.com Group

A number of hedge funds and other institutional investors have recently bought and sold shares of GAMB. SBI Securities Co. Ltd. boosted its position in shares of Gambling.com Group by 21,963.6% in the 2nd quarter. SBI Securities Co. Ltd. now owns 2,427 shares of the company’s stock worth $29,000 after purchasing an additional 2,416 shares during the last quarter. Tower Research Capital LLC TRC raised its position 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 acquiring an additional 4,557 shares during the period. Corsair Capital Management L.P. bought a new position in Gambling.com Group during the 2nd quarter worth approximately $119,000. SG Americas Securities LLC acquired a new position in Gambling.com Group during the fourth quarter valued at approximately $65,000. Finally, Sherbrooke Park Advisers LLC acquired a new position in Gambling.com Group during the third quarter valued at approximately $109,000. 72.26% of the stock is owned by institutional investors.

About Gambling.com Group

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.