Gambling.com Group Limited (NASDAQ:GAMB) Receives Average Rating of “Buy” from Analysts

Gambling.com Group Limited (NASDAQ:GAMB) has been assigned a consensus rating of “Buy” from the nine analysts that are covering the stock, MarketBeat.com reports. Nine research analysts have rated the stock with a buy rating. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $17.56.

GAMB has been the topic of a number of recent research reports. Benchmark reissued a “buy” rating and set a $18.00 target price on shares of Gambling.com Group in a research report on Thursday, February 20th. Macquarie boosted their price objective on shares of Gambling.com Group from $18.00 to $19.00 and gave the stock an “outperform” rating in a report on Friday, March 21st. Jefferies Financial Group raised their target price on Gambling.com Group from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Cantor Fitzgerald assumed coverage on Gambling.com Group in a research note on Wednesday, March 5th. They issued an “overweight” rating and a $20.00 price target on the stock. Finally, BTIG Research raised their price objective on Gambling.com Group from $13.00 to $19.00 and gave the company a “buy” rating in a research note on Friday, December 13th.

Gambling.com Group Stock Down 0.4 %

Shares of NASDAQ GAMB opened at $13.35 on Friday. The stock has a fifty day moving average price of $14.19 and a 200 day moving average price of $12.63. The company has a market cap of $464.09 million, a P/E ratio of 17.12 and a beta of 0.99. Gambling.com Group has a 12-month low of $7.52 and a 12-month high of $17.14. 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 (NASDAQ:GAMB) last announced its earnings results on Thursday, March 20th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.25 by $0.10. The business had revenue of $35.30 million for the quarter, compared to the consensus estimate of $35.20 million. Gambling.com Group had a return on equity of 25.06% and a net margin of 23.40%. The firm’s revenue was up 8.6% on a year-over-year basis. Research analysts anticipate that Gambling.com Group will post 0.88 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Barclays PLC raised its stake in Gambling.com Group by 94.0% during the third quarter. Barclays PLC now owns 38,494 shares of the company’s stock worth $385,000 after acquiring an additional 18,656 shares during the period. Los Angeles Capital Management LLC bought a new position in Gambling.com Group during the 4th quarter worth $2,280,000. Gagnon Securities LLC acquired a new stake in Gambling.com Group in the fourth quarter worth $317,000. M&T Bank Corp bought a new stake in Gambling.com Group in the fourth quarter valued at $195,000. Finally, IFP Advisors Inc acquired a new position in shares of Gambling.com Group during the fourth quarter valued at $49,000. Institutional investors and hedge funds own 72.26% of the company’s stock.

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.