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

Shares of Gambling.com Group Limited (NASDAQ:GAMB) have received an average rating of “Moderate Buy” from the nine brokerages that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $7.3750.

Several analysts have recently commented on GAMB shares. Truist Financial decreased their price objective on shares of Gambling.com Group from $6.00 to $5.00 and set a “hold” rating on the stock in a research report on Thursday, March 12th. Stifel Nicolaus dropped their target price on shares of Gambling.com Group from $8.00 to $6.00 and set a “buy” rating for the company in a report on Thursday, April 9th. Jefferies Financial Group decreased their price target on Gambling.com Group from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Friday, March 13th. Glj Research set a $7.50 price objective on Gambling.com Group in a research report on Thursday, March 12th. Finally, Wall Street Zen raised Gambling.com Group from a “sell” rating to a “hold” rating in a research note on Sunday, May 17th.

Institutional Investors Weigh In On Gambling.com Group

Institutional investors and hedge funds have recently modified their holdings of the stock. WINTON GROUP Ltd boosted its holdings in shares of Gambling.com Group by 165.0% during the 4th quarter. WINTON GROUP Ltd now owns 120,016 shares of the company’s stock valued at $655,000 after purchasing an additional 74,729 shares during the last quarter. Prescott Group Capital Management L.L.C. bought a new stake in shares of Gambling.com Group in the fourth quarter worth about $953,000. Gabelli Funds LLC lifted its position in shares of Gambling.com Group by 100.0% in the fourth quarter. Gabelli Funds LLC now owns 56,000 shares of the company’s stock worth $306,000 after buying an additional 28,000 shares in the last quarter. Strs Ohio lifted its position in shares of Gambling.com Group by 48.2% in the fourth quarter. Strs Ohio now owns 97,200 shares of the company’s stock worth $531,000 after buying an additional 31,600 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in Gambling.com Group by 2,253.7% during the fourth quarter. State of Alaska Department of Revenue now owns 26,620 shares of the company’s stock valued at $145,000 after buying an additional 25,489 shares during the last quarter. Institutional investors own 72.26% of the company’s stock.

Gambling.com Group Trading Up 0.4%

Shares of NASDAQ:GAMB opened at $2.43 on Tuesday. The stock has a 50 day moving average of $3.23 and a 200 day moving average of $4.21. The company has a market cap of $85.29 million, a PE ratio of -1.88 and a beta of 0.70. Gambling.com Group has a 12-month low of $2.23 and a 12-month high of $12.21. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.02.

Gambling.com Group (NASDAQ:GAMB) last issued its quarterly earnings results on Friday, May 15th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.06). The firm had revenue of $40.44 million for the quarter, compared to analysts’ expectations of $40.21 million. Gambling.com Group had a negative net margin of 27.44% and a positive return on equity of 27.61%. As a group, equities research analysts expect that Gambling.com Group will post 0.14 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.