Analysts Set Gambling.com Group Limited (NASDAQ:GAMB) PT at $11.81

Shares of Gambling.com Group Limited (NASDAQ:GAMB) have been assigned an average rating of “Moderate Buy” from the ten research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $11.8125.

Several research firms recently commented on GAMB. Weiss Ratings downgraded shares of Gambling.com Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Saturday, October 25th. Loop Capital set a $8.50 target price on shares of Gambling.com Group in a research note on Tuesday, December 30th. Macquarie cut their price objective on Gambling.com Group from $14.00 to $9.00 and set an “outperform” rating for the company in a research report on Friday, November 14th. Truist Financial reduced their price target on shares of Gambling.com Group from $9.00 to $7.00 and set a “hold” rating for the company in a research report on Friday, November 14th. Finally, BTIG Research restated a “neutral” rating on shares of Gambling.com Group in a research report on Friday, November 14th.

Gambling.com Group Trading Down 1.4%

Shares of GAMB stock opened at $4.91 on Friday. The company has a 50-day moving average of $5.34 and a two-hundred day moving average of $7.67. The firm has a market cap of $175.34 million, a PE ratio of 98.22 and a beta of 0.87. Gambling.com Group has a 1-year low of $4.60 and a 1-year high of $17.14. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.46 and a quick ratio of 0.46.

Gambling.com Group (NASDAQ:GAMB) last announced its earnings results on Thursday, November 13th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.07. Gambling.com Group had a return on equity of 37.78% and a net margin of 1.23%.The company had revenue of $38.98 million during the quarter, compared to analysts’ expectations of $41.06 million. On average, analysts predict that Gambling.com Group will post 0.88 EPS for the current year.

Institutional Investors Weigh In On Gambling.com Group

A number of hedge funds and other institutional investors have recently made changes to their positions in GAMB. Jane Street Group LLC grew its holdings in Gambling.com Group by 103.4% in the first quarter. Jane Street Group LLC now owns 83,969 shares of the company’s stock valued at $1,060,000 after purchasing an additional 42,678 shares during the period. Strs Ohio acquired a new stake in Gambling.com Group during the 1st quarter worth approximately $504,000. Wedge Capital Management L L P NC lifted its position in Gambling.com Group by 23.7% during the second quarter. Wedge Capital Management L L P NC now owns 150,146 shares of the company’s stock valued at $1,785,000 after buying an additional 28,741 shares in the last quarter. Diversified Investment Strategies LLC lifted its holdings in shares of Gambling.com Group by 52.8% during the 2nd quarter. Diversified Investment Strategies LLC now owns 275,000 shares of the company’s stock valued at $3,270,000 after acquiring an additional 95,000 shares in the last quarter. Finally, AdvisorShares Investments LLC raised its position in Gambling.com Group by 8.0% in the second quarter. AdvisorShares Investments LLC now owns 25,520 shares of the company’s stock valued at $303,000 after purchasing an additional 1,900 shares during the period. Hedge funds and other institutional investors 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.