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

Shares of Gambling.com Group Limited (NASDAQ:GAMB) have been assigned a consensus recommendation of “Moderate Buy” from the ten research firms that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $16.00.

Several analysts have recently weighed in on the company. Wall Street Zen downgraded Gambling.com Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. Jefferies Financial Group cut their price target on Gambling.com Group from $18.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, August 15th. Zacks Research lowered Gambling.com Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 1st. Stifel Nicolaus cut their price target on Gambling.com Group from $18.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, August 15th. Finally, BTIG Research cut their price target on Gambling.com Group from $19.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday, August 15th.

Hedge Funds Weigh In On Gambling.com Group

Several institutional investors have recently made changes to their positions in GAMB. Summit Trail Advisors LLC purchased a new position in shares of Gambling.com Group during the first quarter valued at $177,000. Massachusetts Financial Services Co. MA purchased a new position in Gambling.com Group in the first quarter valued at about $554,000. Wakefield Asset Management LLLP grew its stake in Gambling.com Group by 6.4% in the first quarter. Wakefield Asset Management LLLP now owns 74,508 shares of the company’s stock valued at $940,000 after purchasing an additional 4,454 shares during the last quarter. Bastion Asset Management Inc. purchased a new position in Gambling.com Group in the first quarter valued at about $833,000. Finally, J. Safra Sarasin Holding AG grew its stake in Gambling.com Group by 7.5% in the first quarter. J. Safra Sarasin Holding AG now owns 36,900 shares of the company’s stock valued at $466,000 after purchasing an additional 2,590 shares during the last quarter. Hedge funds and other institutional investors own 72.26% of the company’s stock.

Gambling.com Group Stock Down 2.0%

NASDAQ:GAMB opened at $7.68 on Thursday. Gambling.com Group has a twelve month low of $7.36 and a twelve month high of $17.14. The company has a market cap of $274.25 million, a price-to-earnings ratio of 19.20 and a beta of 0.87. The stock has a fifty day simple moving average of $8.48 and a 200-day simple moving average of $10.78. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.57.

Gambling.com Group (NASDAQ:GAMB) last released its earnings results on Thursday, August 14th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.25. Gambling.com Group had a return on equity of 38.04% and a net margin of 9.66%.The business had revenue of $39.59 million during the quarter, compared to the consensus estimate of $38.93 million. Gambling.com Group has set its FY 2025 guidance at EPS. Analysts anticipate that Gambling.com Group will post 0.88 EPS for the current year.

About Gambling.com Group

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.