Gambling.com Group Limited (NASDAQ:GAMB) Receives $17.56 Average Price Target from Analysts

Shares of Gambling.com Group Limited (NASDAQ:GAMB) have received an average rating of “Buy” from the nine brokerages that are covering the stock, MarketBeat reports. Nine equities research analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $17.56.

Several analysts have recently issued reports on the company. Craig Hallum upped their price target on Gambling.com Group from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Macquarie upped their target price on Gambling.com Group from $18.00 to $19.00 and gave the stock an “outperform” rating in a research report on Friday, March 21st. Cantor Fitzgerald began coverage on shares of Gambling.com Group in a research note on Wednesday, March 5th. They issued an “overweight” rating and a $20.00 price objective for the company. BTIG Research raised their target price on shares of Gambling.com Group from $13.00 to $19.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Finally, Jefferies Financial Group boosted their target price on shares of Gambling.com Group from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th.

Gambling.com Group Trading Down 1.2 %

Shares of NASDAQ GAMB opened at $13.75 on Friday. The stock has a market cap of $511.82 million, a price-to-earnings ratio of 17.63 and a beta of 0.99. The business has a 50 day simple moving average of $14.22 and a 200 day simple moving average of $12.62. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.03 and a current ratio of 1.03. Gambling.com Group has a 52 week low of $7.52 and a 52 week high of $17.14.

Gambling.com Group (NASDAQ:GAMB) last announced its quarterly earnings results on Thursday, March 20th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.25 by $0.10. Gambling.com Group had a net margin of 23.40% and a return on equity of 25.06%. The company had revenue of $35.30 million for the quarter, compared to analyst estimates of $35.20 million. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, research analysts predict that Gambling.com Group will post 0.88 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Gambling.com Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Global Retirement Partners LLC grew its holdings in shares of Gambling.com Group by 1,613.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,971 shares of the company’s stock worth $28,000 after purchasing an additional 1,856 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Gambling.com Group by 1,968.4% in the 4th quarter. Russell Investments Group Ltd. now owns 2,420 shares of the company’s stock valued at $34,000 after buying an additional 2,303 shares during the period. Quadrant Capital Group LLC raised its stake in shares of Gambling.com Group by 481.8% in the 4th quarter. Quadrant Capital Group LLC now owns 2,461 shares of the company’s stock valued at $35,000 after buying an additional 2,038 shares in the last quarter. IFP Advisors Inc bought a new position in shares of Gambling.com Group during the 4th quarter worth about $49,000. Finally, Quarry LP acquired a new stake in shares of Gambling.com Group during the 4th quarter valued at about $128,000. 72.26% of the stock is currently owned by institutional investors.

About Gambling.com Group

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.