Gambling.com Group’s (GAMB) Buy Rating Reaffirmed at Stifel Nicolaus

Stifel Nicolaus reissued their buy rating on shares of Gambling.com Group (NASDAQ:GAMB) in a research note published on Friday morning,Benzinga reports. Stifel Nicolaus currently has a $12.00 price objective on the stock, down from their prior price objective of $15.00.

A number of other equities analysts have also commented on the company. Zacks Research lowered Gambling.com Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 1st. Jefferies Financial Group cut their target price on shares of Gambling.com Group from $18.00 to $15.00 and set a “buy” rating for the company in a report on Friday, August 15th. BTIG Research restated a “neutral” rating on shares of Gambling.com Group in a research report on Friday. Truist Financial lowered their price objective on shares of Gambling.com Group from $11.00 to $9.00 and set a “hold” rating for the company in a research report on Tuesday, October 21st. Finally, Wall Street Zen downgraded shares of Gambling.com Group from a “buy” rating to a “hold” rating in a report on Saturday, August 16th. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Gambling.com Group has an average rating of “Moderate Buy” and an average target price of $13.00.

Gambling.com Group Price Performance

Shares of NASDAQ:GAMB traded down $0.01 during midday trading on Friday, reaching $5.24. 2,516,271 shares of the company were exchanged, compared to its average volume of 1,014,587. The stock has a market cap of $187.12 million, a PE ratio of 104.82 and a beta of 0.85. The business’s fifty day moving average is $7.63 and its two-hundred day moving average is $10.00. Gambling.com Group has a one year low of $4.79 and a one year high of $17.14. 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 announced its quarterly earnings results on Thursday, November 13th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.19 by $0.07. Gambling.com Group had a net margin of 1.23% and a return on equity of 37.56%. The business had revenue of $38.98 million for the quarter, compared to analysts’ expectations of $41.06 million. Gambling.com Group has set its FY 2025 guidance at EPS. As a group, analysts predict that Gambling.com Group will post 0.88 earnings per share for the current year.

Institutional Investors Weigh In On Gambling.com Group

Institutional investors and hedge funds have recently bought and sold shares of the company. G2 Investment Partners Management LLC grew its position in shares of Gambling.com Group by 70.9% during the 2nd quarter. G2 Investment Partners Management LLC now owns 1,802,443 shares of the company’s stock worth $21,431,000 after buying an additional 747,559 shares in the last quarter. AWM Investment Company Inc. lifted its stake in Gambling.com Group by 0.3% in the second quarter. AWM Investment Company Inc. now owns 1,494,915 shares of the company’s stock worth $17,775,000 after acquiring an additional 5,000 shares during the period. Driehaus Capital Management LLC lifted its stake in Gambling.com Group by 47.4% in the first quarter. Driehaus Capital Management LLC now owns 750,454 shares of the company’s stock worth $9,471,000 after acquiring an additional 241,386 shares during the period. Boothbay Fund Management LLC grew its holdings in Gambling.com Group by 225.2% during the 2nd quarter. Boothbay Fund Management LLC now owns 669,989 shares of the company’s stock worth $7,966,000 after acquiring an additional 463,993 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Gambling.com Group by 3.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 632,330 shares of the company’s stock valued at $5,173,000 after purchasing an additional 19,592 shares during the period. 72.26% of the stock is owned by institutional investors.

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.