Gambling.com Group (NASDAQ:GAMB) Research Coverage Started at B. Riley

B. Riley initiated coverage on shares of Gambling.com Group (NASDAQ:GAMB) in a research report sent to investors on Friday morning, StockNewsAPI reports. The brokerage issued a buy rating and a $14.50 target price 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 Gambling.com Group from a b rating to a c rating in a research note on Monday, January 8th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of Buy and an average price target of $15.21.

Gambling.com Group Stock Down 0.1 %

GAMB opened at $8.73 on Friday. The firm has a 50 day moving average price of $8.87 and a 200 day moving average price of $10.00. The company has a market cap of $324.96 million, a PE ratio of 18.57 and a beta of 0.90. Gambling.com Group has a 1 year low of $8.35 and a 1 year high of $14.83. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.45 and a current ratio of 1.45.

Gambling.com Group (NASDAQ:GAMB) last released its quarterly earnings results on Thursday, March 21st. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The company had revenue of $32.53 million during the quarter, compared to analysts’ expectations of $27.63 million. Gambling.com Group had a return on equity of 24.50% and a net margin of 16.81%. Sell-side analysts expect that Gambling.com Group will post 0.82 earnings per share for the current year.

Institutional Investors Weigh In On Gambling.com Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in GAMB. Dorsey Wright & Associates acquired a new position in shares of Gambling.com Group during the third quarter worth approximately $26,000. New York State Common Retirement Fund lifted its holdings in shares of Gambling.com Group by 101.3% during the fourth quarter. New York State Common Retirement Fund now owns 8,739 shares of the company’s stock worth $85,000 after buying an additional 4,398 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Gambling.com Group during the third quarter worth approximately $63,000. M&T Bank Corp acquired a new position in shares of Gambling.com Group during the fourth quarter worth approximately $107,000. Finally, Algert Global LLC acquired a new position in shares of Gambling.com Group during the third quarter worth approximately $145,000. 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.