Gambling.com Group Limited (NASDAQ:GAMB) Receives $7.38 Average Price Target from Analysts

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

Several equities analysts have recently issued reports on GAMB shares. Truist Financial lowered their price objective on shares of Gambling.com Group from $6.00 to $5.00 and set a “hold” rating on the stock in a research note on Thursday, March 12th. Benchmark reaffirmed a “speculative buy” rating and issued a $4.00 price objective (down from $6.00) on shares of Gambling.com Group in a research note on Friday, May 15th. Glj Research set a $7.50 price objective on shares of Gambling.com Group 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, Zacks Research upgraded shares of Gambling.com Group to a “hold” rating in a report on Monday, March 16th.

Gambling.com Group Stock Performance

Shares of GAMB opened at $2.26 on Tuesday. The firm’s 50 day moving average is $3.09 and its 200-day moving average is $4.10. The stock has a market capitalization of $79.33 million, a P/E ratio of -1.75 and a beta of 0.70. 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 12-month low of $2.22 and a 12-month high of $12.21.

Gambling.com Group (NASDAQ:GAMB) last announced its quarterly earnings data on Friday, May 15th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.06). The business had revenue of $40.44 million during the quarter, compared to analyst estimates of $40.21 million. Gambling.com Group had a positive return on equity of 27.61% and a negative net margin of 27.44%. Equities research analysts anticipate that Gambling.com Group will post 0.14 EPS for the current fiscal year.

Institutional Investors Weigh In On Gambling.com Group

A number of large investors have recently made changes to their positions in GAMB. Jane Street Group LLC raised its holdings in shares of 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 acquiring an additional 42,678 shares during the period. Geode Capital Management LLC raised its holdings in shares of 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 acquiring an additional 1,822 shares during the period. Legal & General Group Plc raised its holdings in shares of 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 acquiring an additional 87,726 shares during the period. 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. Finally, Jump Financial LLC acquired a new stake in shares of Gambling.com Group during the second quarter valued at approximately $283,000. Institutional investors and hedge funds own 72.26% of the company’s stock.

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.