Gambling.com Group (NASDAQ:GAMB) Announces Quarterly Earnings Results, Beats Expectations By $0.10 EPS

Gambling.com Group (NASDAQ:GAMB) announced its quarterly earnings results on Thursday. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.25 by $0.10, Zacks reports. The business had revenue of $35.30 million for the quarter, compared to analyst estimates of $35.20 million. Gambling.com Group had a return on equity of 25.06% and a net margin of 23.40%. The business’s quarterly revenue was up 8.6% on a year-over-year basis.

Gambling.com Group Price Performance

GAMB opened at $13.20 on Friday. The company has a fifty day moving average price of $14.20 and a two-hundred day moving average price of $12.54. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.03 and a current ratio of 1.03. Gambling.com Group has a 52 week low of $7.52 and a 52 week high of $17.14. The firm has a market capitalization of $491.34 million, a PE ratio of 16.92 and a beta of 0.99.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on GAMB shares. Benchmark reaffirmed a “buy” rating and set a $18.00 price target on shares of Gambling.com Group in a report on Thursday, February 20th. Macquarie raised their price target on Gambling.com Group from $18.00 to $19.00 and gave the company an “outperform” rating in a report on Friday. Craig Hallum raised their price target on Gambling.com Group from $16.00 to $18.00 and gave the company a “buy” rating in a report on Friday, December 13th. Cantor Fitzgerald started coverage on Gambling.com Group in a report on Wednesday, March 5th. They set an “overweight” rating and a $20.00 price target for the company. Finally, Jefferies Financial Group raised their price target on Gambling.com Group from $20.00 to $21.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Gambling.com Group has an average rating of “Buy” and a consensus price target of $17.56.

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.