Gambling.com Group Limited (NASDAQ:GAMB) Given Average Rating of “Buy” by Brokerages

Shares of Gambling.com Group Limited (NASDAQ:GAMB) have been given an average rating of “Buy” by the nine analysts that are currently covering the stock, MarketBeat Ratings reports. Nine analysts have rated the stock with a buy recommendation. The average 1-year price target among analysts that have covered the stock in the last year is $17.56.

GAMB has been the subject of a number of recent analyst reports. Jefferies Financial Group raised their price objective on Gambling.com Group from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Craig Hallum boosted their price target on shares of Gambling.com Group from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Cantor Fitzgerald initiated coverage on shares of Gambling.com Group in a research report on Wednesday, March 5th. They set an “overweight” rating and a $20.00 price objective for the company. Benchmark reissued a “buy” rating and issued a $18.00 target price on shares of Gambling.com Group in a research report on Thursday, February 20th. Finally, BTIG Research upped their price target on Gambling.com Group from $13.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, December 13th.

Gambling.com Group Stock Performance

NASDAQ:GAMB opened at $12.67 on Friday. The company’s 50-day moving average is $14.17 and its two-hundred day moving average is $12.67. Gambling.com Group has a 1-year low of $7.52 and a 1-year high of $17.14. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market capitalization of $440.45 million, a price-to-earnings ratio of 16.24 and a beta of 0.99.

Gambling.com Group (NASDAQ:GAMB) last issued its quarterly earnings data on Thursday, March 20th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.10. Gambling.com Group had a return on equity of 25.06% and a net margin of 23.40%. The company had revenue of $35.30 million during the quarter, compared to analyst estimates of $35.20 million. Gambling.com Group’s revenue was up 8.6% compared to the same quarter last year. Analysts forecast that Gambling.com Group will post 0.88 EPS for the current year.

Institutional Investors Weigh In On Gambling.com Group

Several large investors have recently bought and sold shares of the stock. Northern Trust Corp increased its stake in shares of Gambling.com Group by 0.9% during the fourth quarter. Northern Trust Corp now owns 109,928 shares of the company’s stock worth $1,548,000 after buying an additional 1,003 shares during the period. Exchange Traded Concepts LLC raised its holdings in shares of Gambling.com Group by 2.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 49,799 shares of the company’s stock valued at $701,000 after purchasing an additional 1,325 shares in the last quarter. Global Retirement Partners LLC lifted its position in shares of Gambling.com Group by 1,613.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,971 shares of the company’s stock worth $28,000 after purchasing an additional 1,856 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Gambling.com Group by 1.7% during the fourth quarter. Ameriprise Financial Inc. now owns 120,007 shares of the company’s stock worth $1,690,000 after purchasing an additional 2,017 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its stake 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 valued at $35,000 after buying an additional 2,038 shares in the last quarter. Hedge funds and other institutional investors own 72.26% of the company’s stock.

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.