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

Shares of Gambling.com Group Limited (NASDAQ:GAMB) have been assigned an average rating of “Buy” from the seven analysts that are covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a buy rating. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $15.21.

Several brokerages recently weighed in on GAMB. B. Riley initiated coverage on Gambling.com Group in a report on Friday. They set a “buy” rating and a $14.50 target price for the company. TheStreet downgraded shares of Gambling.com Group from a “b” rating to a “c” rating in a research note on Monday, January 8th.

Gambling.com Group Stock Performance

NASDAQ GAMB opened at $8.73 on Friday. The company has a market capitalization of $324.93 million, a P/E ratio of 18.57 and a beta of 0.90. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.45 and a current ratio of 1.45. Gambling.com Group has a 52-week low of $8.35 and a 52-week high of $14.83. The company has a fifty day moving average of $8.87 and a 200-day moving average of $10.00.

Gambling.com Group (NASDAQ:GAMB) last announced its quarterly earnings data on Thursday, March 21st. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.01). The firm had revenue of $32.53 million for the quarter, compared to the consensus estimate of $27.63 million. Gambling.com Group had a net margin of 16.81% and a return on equity of 24.50%. As a group, equities research analysts predict that Gambling.com Group will post 0.82 EPS for the current fiscal year.

Institutional Trading of Gambling.com Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dorsey Wright & Associates bought a new position in Gambling.com Group in the 3rd quarter worth $26,000. New York State Common Retirement Fund lifted its holdings in Gambling.com Group by 101.3% in the fourth quarter. New York State Common Retirement Fund now owns 8,739 shares of the company’s stock worth $85,000 after buying an additional 4,398 shares during the period. Quantbot Technologies LP bought a new stake in Gambling.com Group during the 3rd quarter valued at approximately $63,000. M&T Bank Corp purchased a new position in shares of Gambling.com Group during the 4th quarter worth approximately $107,000. Finally, Algert Global LLC bought a new position in shares of Gambling.com Group in the 3rd quarter worth approximately $145,000. Hedge funds and other institutional investors own 72.26% of the company’s stock.

Gambling.com Group Company Profile

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.