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

Shares of Gambling.com Group Limited (NASDAQ:GAMB) have earned an average rating of “Hold” from the nine brokerages that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, two 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 brokers that have issued ratings on the stock in the last year is $7.3750.

A number of research firms have recently issued reports on GAMB. Zacks Research lowered 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. Stifel Nicolaus cut their target price on shares of Gambling.com Group from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Thursday, April 9th. 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. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Gambling.com Group in a report on Wednesday, June 17th.

Gambling.com Group Stock Down 1.0%

NASDAQ:GAMB traded down $0.02 during trading hours on Friday, hitting $1.93. 262,558 shares of the company’s stock traded hands, compared to its average volume of 658,321. The firm has a market cap of $67.74 million, a P/E ratio of -1.50 and a beta of 0.73. Gambling.com Group has a twelve month low of $1.89 and a twelve month high of $12.08. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.31 and a current ratio of 1.31. The stock’s fifty day moving average price is $2.62 and its two-hundred day moving average price is $3.78.

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Millennium Management LLC raised its stake in shares of Gambling.com Group by 231.9% during the 3rd quarter. Millennium Management LLC now owns 1,231,370 shares of the company’s stock worth $10,073,000 after purchasing an additional 860,369 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Gambling.com Group by 3.2% in the third quarter. Dimensional Fund Advisors LP now owns 632,330 shares of the company’s stock worth $5,173,000 after buying an additional 19,592 shares during the last quarter. Punch & Associates Investment Management Inc. increased its holdings in Gambling.com Group by 1.7% in the third quarter. Punch & Associates Investment Management Inc. now owns 628,315 shares of the company’s stock worth $5,140,000 after buying an additional 10,415 shares during the last quarter. Tocqueville Asset Management L.P. raised its position in Gambling.com Group by 57.3% during the fourth quarter. Tocqueville Asset Management L.P. now owns 365,000 shares of the company’s stock valued at $1,993,000 after acquiring an additional 133,000 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its position in Gambling.com Group by 55.2% during the third quarter. Qube Research & Technologies Ltd now owns 300,483 shares of the company’s stock valued at $2,458,000 after acquiring an additional 106,920 shares in the last quarter. 72.26% of the stock is owned by institutional investors and hedge funds.

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.