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

Gambling.com Group Limited (NASDAQ:GAMB) has earned a consensus rating of “Hold” from the nine analysts that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $7.1250.

GAMB has been the topic of a number of research reports. Truist Financial dropped their price target on Gambling.com Group from $5.00 to $3.00 and set a “hold” rating on the stock in a research note on Monday, July 20th. Weiss Ratings reiterated a “sell (d)” rating on shares of Gambling.com Group in a research note on Wednesday, June 17th. Benchmark reissued a “speculative buy” rating and issued a $4.00 price objective (down from $6.00) on shares of Gambling.com Group in a report on Friday, May 15th. Zacks Research lowered shares of Gambling.com Group from a “hold” rating to a “strong sell” rating in a research report on Monday, July 6th. Finally, Wall Street Zen raised shares of Gambling.com Group from a “sell” rating to a “hold” rating in a report on Sunday, May 17th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of GAMB. Millennium Management LLC raised its holdings in shares of Gambling.com Group by 231.9% in the third quarter. Millennium Management LLC now owns 1,231,370 shares of the company’s stock valued at $10,073,000 after buying an additional 860,369 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Gambling.com Group by 3.2% during the third quarter. Dimensional Fund Advisors LP now owns 632,330 shares of the company’s stock worth $5,173,000 after buying an additional 19,592 shares during the last quarter. Punch & Associates Investment Management Inc. increased its position in Gambling.com Group by 1.7% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 628,315 shares of the company’s stock valued at $5,140,000 after acquiring an additional 10,415 shares during the period. Tocqueville Asset Management L.P. increased its position in Gambling.com Group by 57.3% in the 4th quarter. Tocqueville Asset Management L.P. now owns 365,000 shares of the company’s stock valued at $1,993,000 after acquiring an additional 133,000 shares during the period. Finally, Qube Research & Technologies Ltd raised its stake in Gambling.com Group by 55.2% during the 3rd quarter. Qube Research & Technologies Ltd now owns 300,483 shares of the company’s stock valued at $2,458,000 after acquiring an additional 106,920 shares during the last quarter. 72.26% of the stock is owned by hedge funds and other institutional investors.

Gambling.com Group Stock Performance

NASDAQ GAMB opened at $1.88 on Thursday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.31 and a quick ratio of 1.31. Gambling.com Group has a 1 year low of $1.73 and a 1 year high of $11.34. The company has a market capitalization of $65.98 million, a PE ratio of -1.46 and a beta of 0.73. The company has a fifty day moving average of $2.07 and a two-hundred day moving average of $3.27.

Gambling.com Group (NASDAQ:GAMB) last posted its earnings results on Friday, May 15th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.06). Gambling.com Group had a positive return on equity of 27.61% and a negative net margin of 27.44%.The firm had revenue of $40.44 million for the quarter, compared to analyst estimates of $40.21 million. As a group, analysts expect that Gambling.com Group will post 0.14 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.