Gambling.com Group Limited (NASDAQ:GAMB) Receives $14.00 Consensus Price Target from Brokerages

Shares of Gambling.com Group Limited (NASDAQ:GAMB) have earned a consensus recommendation of “Buy” from the eight analysts that are presently covering the stock, Marketbeat Ratings reports. Eight research analysts have rated the stock with a buy recommendation. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $14.00.

A number of equities research analysts have recently issued reports on GAMB shares. Stifel Nicolaus dropped their target price on shares of Gambling.com Group from $16.00 to $13.00 and set a “buy” rating for the company in a report on Friday, May 17th. B. Riley dropped their target price on shares of Gambling.com Group from $14.50 to $13.00 and set a “buy” rating for the company in a report on Friday, May 17th. Finally, Craig Hallum dropped their target price on shares of Gambling.com Group from $15.00 to $12.00 and set a “buy” rating for the company in a report on Friday, May 17th.

Gambling.com Group Price Performance

Shares of NASDAQ GAMB opened at $7.96 on Wednesday. The firm has a market cap of $296.27 million, a PE ratio of 16.25 and a beta of 0.92. The firm has a fifty day moving average of $8.82 and a 200 day moving average of $9.36. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.45 and a current ratio of 1.75. Gambling.com Group has a one year low of $7.60 and a one year high of $14.83.

Gambling.com Group (NASDAQ:GAMB) last issued its quarterly 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 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 23.12% and a net margin of 17.06%. As a group, research analysts predict that Gambling.com Group will post 0.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Clearbridge Investments LLC lifted its position in Gambling.com Group by 10.4% in the first quarter. Clearbridge Investments LLC now owns 972,250 shares of the company’s stock valued at $8,877,000 after buying an additional 91,799 shares during the last quarter. Capstone Investment Advisors LLC lifted its position in shares of Gambling.com Group by 9.0% during the first quarter. Capstone Investment Advisors LLC now owns 32,700 shares of the company’s stock worth $299,000 after purchasing an additional 2,700 shares in the last quarter. M&T Bank Corp acquired a new stake in shares of Gambling.com Group during the fourth quarter worth about $107,000. Russell Investments Group Ltd. lifted its position in shares of Gambling.com Group by 237.3% during the fourth quarter. Russell Investments Group Ltd. now owns 183,611 shares of the company’s stock worth $1,790,000 after purchasing an additional 129,182 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its position 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 purchasing an additional 4,398 shares in the last quarter. Institutional investors and hedge funds own 72.26% of the company’s stock.

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.