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

Shares of Gambling.com Group Limited (NASDAQ:GAMB) have been given a consensus recommendation of “Buy” by the eight ratings firms that are presently covering the firm, MarketBeat.com reports. Eight research analysts have rated the stock with a buy rating. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $18.25.

A number of analysts have commented on GAMB shares. Cantor Fitzgerald started coverage on shares of Gambling.com Group in a research note on Wednesday, March 5th. They set an “overweight” rating and a $20.00 price objective for the company. Benchmark reaffirmed a “buy” rating and set a $18.00 price objective on shares of Gambling.com Group in a research note on Thursday, February 20th. Macquarie upped their price objective on shares of Gambling.com Group from $18.00 to $19.00 and gave the company an “outperform” rating in a research note on Friday, March 21st. Finally, Truist Financial dropped their target price on Gambling.com Group from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, April 23rd.

Hedge Funds Weigh In On Gambling.com Group

A number of large investors have recently made changes to their positions in GAMB. Global Retirement Partners LLC increased its holdings in shares of Gambling.com Group by 1,613.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,971 shares of the company’s stock valued at $28,000 after purchasing an additional 1,856 shares during the period. Russell Investments Group Ltd. increased its holdings in Gambling.com Group by 1,968.4% in the fourth quarter. Russell Investments Group Ltd. now owns 2,420 shares of the company’s stock worth $34,000 after buying an additional 2,303 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in Gambling.com Group by 481.8% in the fourth quarter. Quadrant Capital Group LLC now owns 2,461 shares of the company’s stock worth $35,000 after buying an additional 2,038 shares during the last quarter. IFP Advisors Inc acquired a new position in Gambling.com Group in the fourth quarter worth approximately $49,000. Finally, Simplex Trading LLC increased its holdings in Gambling.com Group by 191.0% in the first quarter. Simplex Trading LLC now owns 3,899 shares of the company’s stock worth $49,000 after buying an additional 2,559 shares during the last quarter. Institutional investors and hedge funds own 72.26% of the company’s stock.

Gambling.com Group Price Performance

GAMB stock opened at $12.43 on Monday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.20. Gambling.com Group has a one year low of $7.52 and a one year high of $17.14. The firm has a market capitalization of $432.10 million, a PE ratio of 15.94 and a beta of 1.04. The firm has a 50-day moving average of $12.67 and a two-hundred day moving average of $13.37.

Gambling.com Group (NASDAQ:GAMB) last posted its quarterly earnings data on Thursday, May 15th. The company reported $0.46 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%. On average, analysts forecast that Gambling.com Group will post 0.88 earnings per share for the current year.

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.