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

Shares of Gambling.com Group Limited (NASDAQ:GAMB) have been given a consensus recommendation of “Moderate Buy” by the nine analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $7.3750.

A number of research analysts have issued reports on the company. Zacks Research raised Gambling.com Group to a “hold” rating in a report on Monday, March 16th. Stifel Nicolaus cut their price objective on Gambling.com Group from $8.00 to $6.00 and set a “buy” rating for the company in a report on Thursday, April 9th. Truist Financial cut their price objective on Gambling.com Group from $6.00 to $5.00 and set a “hold” rating for the company in a report on Thursday, March 12th. Jefferies Financial Group cut their price objective on Gambling.com Group from $8.00 to $7.00 and set a “buy” rating for the company in a report on Friday, March 13th. Finally, Wall Street Zen raised Gambling.com Group from a “sell” rating to a “hold” rating in a report on Sunday, May 17th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in GAMB. Tower Research Capital LLC TRC lifted its holdings in shares of Gambling.com Group by 653.8% during the second quarter. Tower Research Capital LLC TRC now owns 5,254 shares of the company’s stock valued at $62,000 after acquiring an additional 4,557 shares during the period. SG Americas Securities LLC bought a new position in shares of Gambling.com Group during the fourth quarter valued at $65,000. Deutsche Bank AG lifted its holdings in shares of Gambling.com Group by 3,262.2% during the fourth quarter. Deutsche Bank AG now owns 12,978 shares of the company’s stock valued at $71,000 after acquiring an additional 12,592 shares during the period. HRT Financial LP acquired a new stake in shares of Gambling.com Group in the fourth quarter valued at $88,000. Finally, Royal Bank of Canada raised its holdings in shares of Gambling.com Group by 827.6% in the first quarter. Royal Bank of Canada now owns 25,185 shares of the company’s stock valued at $98,000 after buying an additional 22,470 shares during the last quarter. 72.26% of the stock is owned by institutional investors.

Gambling.com Group Stock Up 2.1%

Shares of GAMB stock opened at $2.45 on Friday. The stock has a market cap of $86.00 million, a P/E ratio of -1.90 and a beta of 0.83. Gambling.com Group has a one year low of $2.23 and a one year high of $12.74. The stock has a fifty day moving average price of $3.59 and a 200 day moving average price of $4.47. 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 issued 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). The firm had revenue of $40.44 million during the quarter, compared to the consensus estimate of $40.21 million. Gambling.com Group had a positive return on equity of 27.61% and a negative net margin of 27.44%. Analysts predict 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.