Gambling.com Group (NASDAQ:GAMB) Receives New Coverage from Analysts at B. Riley

B. Riley initiated coverage on shares of Gambling.com Group (NASDAQ:GAMB) in a research report report published on Friday morning, StockNewsAPI reports. The firm issued a buy rating and a $14.50 price objective on the stock. B. Riley also issued estimates for Gambling.com Group’s Q1 2025 earnings at $0.19 EPS, Q2 2025 earnings at $0.18 EPS, Q3 2025 earnings at $0.27 EPS, Q4 2025 earnings at $0.33 EPS and FY2025 earnings at $0.97 EPS.

Separately, TheStreet cut shares of Gambling.com Group from a b rating to a c rating in a research report on Monday, January 8th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of Buy and a consensus price target of $15.21.

Gambling.com Group Price Performance

Shares of NASDAQ GAMB opened at $8.73 on Friday. The firm has a 50-day simple moving average of $8.87 and a 200-day simple moving average of $10.00. The stock has a market capitalization of $324.96 million, a price-to-earnings ratio of 18.57 and a beta of 0.90. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.01. Gambling.com Group has a 52 week low of $8.35 and a 52 week high of $14.83.

Gambling.com Group (NASDAQ:GAMB) last issued its earnings results on Thursday, March 21st. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The business had revenue of $32.53 million during the quarter, compared to analyst estimates of $27.63 million. Gambling.com Group had a net margin of 16.81% and a return on equity of 24.50%. On average, equities analysts predict that Gambling.com Group will post 0.82 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Gambling.com Group

A number of institutional investors have recently made changes to their positions in GAMB. Bank of New York Mellon Corp boosted its stake in shares of Gambling.com Group by 46.7% in the third quarter. Bank of New York Mellon Corp now owns 39,162 shares of the company’s stock valued at $512,000 after purchasing an additional 12,464 shares during the period. Punch & Associates Investment Management Inc. boosted its stake in shares of Gambling.com Group by 64.4% in the third quarter. Punch & Associates Investment Management Inc. now owns 473,525 shares of the company’s stock valued at $6,194,000 after purchasing an additional 185,485 shares during the period. Peregrine Asset Advisers Inc. boosted its stake in shares of Gambling.com Group by 195.6% in the third quarter. Peregrine Asset Advisers Inc. now owns 30,225 shares of the company’s stock valued at $395,000 after purchasing an additional 20,000 shares during the period. Jump Financial LLC purchased a new position in shares of Gambling.com Group in the third quarter valued at approximately $206,000. Finally, Quantbot Technologies LP purchased a new position in shares of Gambling.com Group in the third quarter valued at approximately $63,000. 72.26% of the stock is currently owned by institutional investors and hedge funds.

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.