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

Shares of Gambling.com Group Limited (NASDAQ:GAMB) have earned an average recommendation of “Moderate Buy” from the ten analysts that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $10.4375.

Several brokerages have recently issued reports on GAMB. Loop Capital set a $8.50 target price on shares of Gambling.com Group in a research note on Tuesday, December 30th. Freedom Capital upgraded shares of Gambling.com Group to a “strong-buy” rating in a report on Tuesday, December 30th. Stifel Nicolaus reaffirmed a “buy” rating and set a $12.00 target price (down previously from $15.00) on shares of Gambling.com Group in a report on Friday, November 14th. Benchmark dropped their target price on shares of Gambling.com Group from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Tuesday, January 20th. Finally, Truist Financial reduced their price target on Gambling.com Group from $9.00 to $7.00 and set a “hold” rating on the stock in a research report on Friday, November 14th.

Hedge Funds Weigh In On Gambling.com Group

Institutional investors have recently modified their holdings of the stock. Diversified Investment Strategies LLC lifted its holdings in Gambling.com Group by 52.8% during the second quarter. Diversified Investment Strategies LLC now owns 275,000 shares of the company’s stock worth $3,270,000 after acquiring an additional 95,000 shares in the last quarter. G2 Investment Partners Management LLC raised its position in shares of Gambling.com Group by 70.9% during the second quarter. G2 Investment Partners Management LLC now owns 1,802,443 shares of the company’s stock worth $21,431,000 after purchasing an additional 747,559 shares during the period. Boothbay Fund Management LLC lifted its holdings in shares of Gambling.com Group by 225.2% during the 2nd quarter. Boothbay Fund Management LLC now owns 669,989 shares of the company’s stock valued at $7,966,000 after purchasing an additional 463,993 shares in the last quarter. Divisadero Street Capital Management LP acquired a new position in shares of Gambling.com Group in the 2nd quarter valued at approximately $3,635,000. Finally, Campbell & CO Investment Adviser LLC bought a new stake in Gambling.com Group during the 2nd quarter worth approximately $783,000. 72.26% of the stock is currently owned by institutional investors and hedge funds.

Gambling.com Group Stock Up 3.1%

NASDAQ GAMB opened at $4.64 on Wednesday. The stock has a market capitalization of $165.69 million, a P/E ratio of 92.82 and a beta of 0.86. Gambling.com Group has a 52 week low of $4.25 and a 52 week high of $17.14. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.46 and a current ratio of 0.46. The stock has a fifty day moving average of $5.14 and a 200-day moving average of $6.91.

Gambling.com Group (NASDAQ:GAMB) last issued its quarterly earnings results on Thursday, November 13th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.07. The business had revenue of $38.98 million for the quarter, compared to analyst estimates of $41.06 million. Gambling.com Group had a return on equity of 37.78% and a net margin of 1.23%. On average, equities research analysts forecast that Gambling.com Group will post 0.88 EPS for the current year.

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.