Gambling.com Group Limited (NASDAQ:GAMB) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Gambling.com Group Limited (NASDAQ:GAMB) have been given an average recommendation of “Moderate Buy” by the nine analysts that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $7.3750.

Several research firms recently commented on GAMB. Glj Research set a $7.50 target price on shares of Gambling.com Group in a research note on Thursday, March 12th. Benchmark reissued a “speculative buy” rating and set a $4.00 target price (down from $6.00) on shares of Gambling.com Group in a research note on Friday, May 15th. Truist Financial cut their target price on shares of Gambling.com Group from $6.00 to $5.00 and set a “hold” rating for the company in a research note on Thursday, March 12th. Wall Street Zen raised shares of Gambling.com Group from a “sell” rating to a “hold” rating in a research note on Sunday, May 17th. Finally, Stifel Nicolaus cut their price target on shares of Gambling.com Group from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Thursday, April 9th.

Institutional Investors Weigh In On Gambling.com Group

A number of large investors have recently made changes to their positions in GAMB. Millennium Management LLC raised its holdings in shares of Gambling.com Group by 231.9% during the third quarter. Millennium Management LLC now owns 1,231,370 shares of the company’s stock valued at $10,073,000 after acquiring an additional 860,369 shares during the period. Cornerstone Wealth Group LLC acquired a new stake in shares of Gambling.com Group during the first quarter valued at approximately $734,000. Prescott Group Capital Management L.L.C. acquired a new stake in shares of Gambling.com Group during the fourth quarter valued at approximately $953,000. Goldman Sachs Group Inc. raised its holdings in shares of Gambling.com Group by 146.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 292,404 shares of the company’s stock valued at $1,597,000 after acquiring an additional 173,933 shares during the period. Finally, American Century Companies Inc. raised its holdings in shares of 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 acquiring an additional 151,767 shares during the period. Institutional investors and hedge funds own 72.26% of the company’s stock.

Gambling.com Group Stock Down 0.4%

GAMB stock opened at $2.41 on Friday. Gambling.com Group has a 12 month low of $2.23 and a 12 month high of $12.74. The firm has a market cap of $84.59 million, a PE ratio of -1.87 and a beta of 0.83. The firm has a 50 day simple moving average of $3.64 and a 200 day simple moving average of $4.53. 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 (NASDAQ:GAMB) last released its earnings results on Friday, May 15th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.06). Gambling.com Group had a negative net margin of 27.44% and a positive return on equity of 27.61%. The business had revenue of $40.44 million for the quarter, compared to analyst estimates of $40.21 million. Equities research analysts forecast that Gambling.com Group will post 0.14 earnings per share for the current fiscal year.

About Gambling.com Group

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.