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

Shares of Gambling.com Group Limited (NASDAQ:GAMB) have earned a consensus recommendation of “Buy” from the eight research firms that are currently covering the stock, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a buy rating. The average 1-year target price among brokers that have issued a report on the stock in the last year is $18.25.

GAMB has been the subject of several recent analyst reports. Truist Financial dropped their target price on shares of Gambling.com Group from $18.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, April 23rd. Benchmark reaffirmed a “buy” rating and issued a $18.00 target price on shares of Gambling.com Group in a report on Thursday, February 20th. Cantor Fitzgerald initiated coverage on shares of Gambling.com Group in a report on Wednesday, March 5th. They issued an “overweight” rating and a $20.00 target price for the company. Finally, Macquarie upped their target price on shares of Gambling.com Group from $18.00 to $19.00 and gave the stock an “outperform” rating in a report on Friday, March 21st.

Gambling.com Group Trading Down 0.7%

Shares of GAMB stock opened at $12.43 on Monday. Gambling.com Group has a 1 year low of $7.52 and a 1 year high of $17.14. The firm has a fifty day moving average price of $12.67 and a 200-day moving average price of $13.32. 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 company has a market cap of $432.10 million, a price-to-earnings ratio of 15.94 and a beta of 1.04.

Gambling.com Group (NASDAQ:GAMB) last issued its quarterly earnings data on Thursday, May 15th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.21. Gambling.com Group had a net margin of 23.40% and a return on equity of 25.06%. As a group, equities analysts predict that Gambling.com Group will post 0.88 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. LPL Financial LLC boosted its holdings in shares of Gambling.com Group by 8.7% during the 4th quarter. LPL Financial LLC now owns 28,549 shares of the company’s stock valued at $402,000 after purchasing an additional 2,275 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Gambling.com Group by 12.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 503,426 shares of the company’s stock valued at $7,089,000 after buying an additional 56,268 shares in the last quarter. Barclays PLC raised its position in shares of Gambling.com Group by 94.0% during the 3rd quarter. Barclays PLC now owns 38,494 shares of the company’s stock valued at $385,000 after buying an additional 18,656 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Gambling.com Group during the 4th quarter valued at about $2,280,000. Finally, G2 Investment Partners Management LLC raised its position in shares of Gambling.com Group by 22.8% during the 4th quarter. G2 Investment Partners Management LLC now owns 825,147 shares of the company’s stock valued at $11,618,000 after buying an additional 153,173 shares in the last quarter. 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.