Gambling.com Group Limited (NASDAQ:GAMB) Receives $7.12 Consensus Price Target from Brokerages

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

A number of research analysts have commented on the company. 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 report on Friday, May 15th. Zacks Research cut shares of Gambling.com Group from a “hold” rating to a “strong sell” rating in a research report on Monday, July 6th. Wall Street Zen upgraded shares of Gambling.com Group from a “sell” rating to a “hold” rating in a research note on Sunday, May 17th. Weiss Ratings restated a “sell (d)” rating on shares of Gambling.com Group in a research note on Wednesday, June 17th. Finally, Truist Financial lowered their price target on shares of Gambling.com Group from $5.00 to $3.00 and set a “hold” rating on the stock in a research report on Monday, July 20th.

Gambling.com Group Trading Up 2.2%

Shares of NASDAQ:GAMB opened at $1.88 on Thursday. Gambling.com Group has a 12-month low of $1.73 and a 12-month high of $11.34. The business has a 50 day moving average of $2.05 and a 200-day moving average of $3.23. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.02. The stock has a market cap of $65.98 million, a PE ratio of -1.46 and a beta of 0.73.

Gambling.com Group (NASDAQ:GAMB) last announced its earnings results on Friday, May 15th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.06). The firm had revenue of $40.44 million for 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%. As a group, equities research analysts forecast that Gambling.com Group will post 0.14 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in GAMB. Tower Research Capital LLC TRC raised its position in shares of Gambling.com Group by 653.8% in the second quarter. Tower Research Capital LLC TRC now owns 5,254 shares of the company’s stock valued at $62,000 after buying an additional 4,557 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Gambling.com Group in the fourth quarter valued at approximately $65,000. Deutsche Bank AG grew its position in Gambling.com Group by 3,262.2% during the fourth quarter. Deutsche Bank AG now owns 12,978 shares of the company’s stock worth $71,000 after buying an additional 12,592 shares in the last quarter. HRT Financial LP acquired a new stake in Gambling.com Group during the fourth quarter worth approximately $88,000. Finally, Royal Bank of Canada increased its stake in Gambling.com Group by 827.6% during the 1st quarter. Royal Bank of Canada now owns 25,185 shares of the company’s stock worth $98,000 after acquiring an additional 22,470 shares during the period. Institutional investors and hedge funds own 72.26% of the company’s stock.

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.