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

Gambling.com Group Limited (NASDAQ:GAMB) has received an average rating of “Moderate Buy” from the nine ratings firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $7.6250.

GAMB has been the subject of a number of analyst reports. Zacks Research raised shares of Gambling.com Group to a “hold” rating in a research note on Monday, March 16th. Jefferies Financial Group dropped their target price on Gambling.com Group from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Friday, March 13th. Stifel Nicolaus dropped their target price on Gambling.com Group from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Thursday, April 9th. Wall Street Zen upgraded Gambling.com Group from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Finally, Glj Research set a $7.50 price objective on shares of Gambling.com Group in a research report on Thursday, March 12th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GAMB. Jane Street Group LLC grew its position in Gambling.com Group by 103.4% during the first quarter. Jane Street Group LLC now owns 83,969 shares of the company’s stock valued at $1,060,000 after purchasing an additional 42,678 shares in the last quarter. Geode Capital Management LLC grew its position in Gambling.com Group by 0.9% during the second quarter. Geode Capital Management LLC now owns 215,084 shares of the company’s stock valued at $2,557,000 after purchasing an additional 1,822 shares in the last quarter. Legal & General Group Plc grew its position in Gambling.com Group by 5,151.3% during the second quarter. Legal & General Group Plc now owns 89,429 shares of the company’s stock valued at $1,064,000 after purchasing an additional 87,726 shares in the last quarter. American Century Companies Inc. grew its position in Gambling.com Group by 362.2% during the second quarter. American Century Companies Inc. now owns 193,669 shares of the company’s stock valued at $2,303,000 after purchasing an additional 151,767 shares in the last quarter. Finally, Jump Financial LLC purchased a new position in Gambling.com Group during the second quarter valued at approximately $283,000. 72.26% of the stock is owned by hedge funds and other institutional investors.

Gambling.com Group Price Performance

GAMB stock opened at $4.03 on Monday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. Gambling.com Group has a one year low of $3.51 and a one year high of $14.95. The firm has a market capitalization of $141.45 million, a PE ratio of -4.24 and a beta of 0.84. The firm has a 50-day moving average of $3.95 and a two-hundred day moving average of $5.03.

Gambling.com Group (NASDAQ:GAMB) last posted its quarterly earnings data on Thursday, March 12th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.10. Gambling.com Group had a negative net margin of 19.90% and a positive return on equity of 38.87%. The company had revenue of $46.24 million during the quarter, compared to analyst estimates of $46.06 million. On average, analysts forecast that Gambling.com Group will post 0.32 earnings per share for the current year.

Gambling.com Group Company Profile

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.