Brokerages Set Gambling.com Group Limited (NASDAQ:GAMB) PT at $7.38

Shares of Gambling.com Group Limited (NASDAQ:GAMB) have received a consensus rating of “Hold” from the nine analysts that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $7.3750.

Several research firms have commented on GAMB. Weiss Ratings reissued a “sell (d)” rating on shares of Gambling.com Group in a report on Wednesday, June 17th. Benchmark restated a “speculative buy” rating and set a $4.00 price target (down from $6.00) on shares of Gambling.com Group in a report on Friday, May 15th. Wall Street Zen upgraded shares of Gambling.com Group from a “sell” rating to a “hold” rating in a research note on Sunday, May 17th. Stifel Nicolaus dropped their price target on shares of Gambling.com Group from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, April 9th. Finally, Zacks Research downgraded Gambling.com Group from a “hold” rating to a “strong sell” rating in a research note on Monday, July 6th.

Gambling.com Group Price Performance

Shares of NASDAQ GAMB opened at $1.77 on Friday. Gambling.com Group has a fifty-two week low of $1.73 and a fifty-two week high of $11.65. The company has a 50 day simple moving average of $2.44 and a two-hundred day simple moving average of $3.67. The company has a market capitalization of $62.13 million, a price-to-earnings ratio of -1.37 and a beta of 0.73. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.31 and a current ratio of 1.31.

Gambling.com Group (NASDAQ:GAMB) last issued its quarterly earnings results on Friday, May 15th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.06). The company had revenue of $40.44 million during the quarter, compared to the consensus estimate of $40.21 million. Gambling.com Group had a positive return on equity of 27.61% and a negative net margin of 27.44%. Analysts expect that Gambling.com Group will post 0.14 EPS for the current fiscal year.

Institutional Trading of Gambling.com Group

A number of large investors have recently made changes to their positions in GAMB. Tower Research Capital LLC TRC lifted its position in Gambling.com Group by 653.8% during the second quarter. Tower Research Capital LLC TRC now owns 5,254 shares of the company’s stock valued at $62,000 after purchasing an additional 4,557 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Gambling.com Group during the 4th quarter valued at about $65,000. Deutsche Bank AG lifted its stake in shares of Gambling.com Group by 3,262.2% in the 4th quarter. Deutsche Bank AG now owns 12,978 shares of the company’s stock worth $71,000 after purchasing an additional 12,592 shares during the period. HRT Financial LP bought a new position in shares of Gambling.com Group in the 4th quarter worth approximately $88,000. Finally, Royal Bank of Canada boosted its holdings in shares of Gambling.com Group by 827.6% in the first quarter. Royal Bank of Canada now owns 25,185 shares of the company’s stock worth $98,000 after buying an additional 22,470 shares during the last quarter. 72.26% of the stock is currently owned by institutional investors.

About Gambling.com Group

Gambling.com Group is a digital performance marketing company specializing in the online gambling industry. Through a diversified portfolio of affiliate websites, the company generates leads and traffic for operators in segments such as sports betting, online casino, poker, bingo and daily fantasy sports. Its platforms offer in-depth reviews, expert guides, comparison tools and editorial content designed to help players make informed choices and drive conversions for partner brands.

The group’s service offerings include search engine optimization, pay-per-click campaigns, display advertising, email marketing and social media management.