Gambling.com Group (NASDAQ:GAMB) Issues Quarterly Earnings Results, Beats Expectations By $0.10 EPS

Gambling.com Group (NASDAQ:GAMB) posted its earnings results on Thursday. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.10, Zacks reports. The firm had revenue of $35.30 million during the quarter, compared to analysts’ expectations of $35.20 million. Gambling.com Group had a return on equity of 25.06% and a net margin of 23.40%. The business’s revenue was up 8.6% on a year-over-year basis.

Gambling.com Group Price Performance

Gambling.com Group stock opened at $13.76 on Thursday. Gambling.com Group has a 12 month low of $7.52 and a 12 month high of $17.14. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 1.03. The business has a 50 day simple moving average of $14.23 and a 200-day simple moving average of $12.51. The stock has a market capitalization of $512.08 million, a PE ratio of 17.32 and a beta of 0.99.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Jefferies Financial Group boosted their target price on Gambling.com Group from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Cantor Fitzgerald began coverage on Gambling.com Group in a research note on Wednesday, March 5th. They set an “overweight” rating and a $20.00 target price for the company. Craig Hallum boosted their price objective on Gambling.com Group from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, December 13th. BTIG Research boosted their price objective on Gambling.com Group from $13.00 to $19.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Finally, Benchmark reiterated a “buy” rating and issued a $18.00 price objective on shares of Gambling.com Group in a research note on Thursday, February 20th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $17.22.

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.