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

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

Gambling.com Group Stock Performance

Shares of Gambling.com Group stock opened at $8.73 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.45 and a quick ratio of 1.45. The firm has a market cap of $324.93 million, a price-to-earnings ratio of 18.57 and a beta of 0.90. Gambling.com Group has a one year low of $8.35 and a one year high of $14.83. The stock’s 50-day moving average is $8.87 and its 200-day moving average is $9.95.

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

Hedge Funds Weigh In On Gambling.com Group

A number of institutional investors have recently added to or reduced their stakes in GAMB. Clearbridge Investments LLC grew its position in shares of Gambling.com Group by 21.0% in the 4th quarter. Clearbridge Investments LLC now owns 880,451 shares of the company’s stock valued at $8,584,000 after acquiring an additional 153,065 shares during the period. Punch & Associates Investment Management Inc. lifted its stake in Gambling.com Group by 64.4% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 473,525 shares of the company’s stock valued at $6,194,000 after purchasing an additional 185,485 shares during the last quarter. Acadian Asset Management LLC grew its holdings in Gambling.com Group by 151.6% during the third quarter. Acadian Asset Management LLC now owns 353,050 shares of the company’s stock worth $4,605,000 after purchasing an additional 212,742 shares during the period. EAM Investors LLC acquired a new position in Gambling.com Group during the third quarter worth approximately $4,107,000. Finally, Russell Investments Group Ltd. raised its stake in Gambling.com Group by 237.3% in the fourth quarter. Russell Investments Group Ltd. now owns 183,611 shares of the company’s stock valued at $1,790,000 after buying an additional 129,182 shares during the period. 72.26% of the stock is currently owned by institutional investors and hedge funds.

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.