Brokerages Set Gambling.com Group Limited (NASDAQ:GAMB) PT at $14.00

Shares of Gambling.com Group Limited (NASDAQ:GAMBGet Free Report) have earned an average rating of “Buy” from the eight research firms that are currently covering the company, MarketBeat Ratings reports. Eight research analysts have rated the stock with a buy recommendation. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $14.00.

GAMB has been the topic of a number of recent research reports. Stifel Nicolaus decreased their price target on shares of Gambling.com Group from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday, May 17th. Craig Hallum decreased their price target on shares of Gambling.com Group from $15.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday, May 17th. Finally, B. Riley decreased their price target on shares of Gambling.com Group from $14.50 to $13.00 and set a “buy” rating on the stock in a research note on Friday, May 17th.

Get Our Latest Stock Analysis on GAMB

Gambling.com Group Price Performance

GAMB stock opened at $7.80 on Friday. Gambling.com Group has a one year low of $7.51 and a one year high of $14.83. The company’s fifty day moving average price is $8.34 and its 200-day moving average price is $8.91. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.75 and a current ratio of 1.75. The company has a market capitalization of $290.32 million, a PE ratio of 15.86 and a beta of 0.85.

Gambling.com Group (NASDAQ:GAMBGet Free Report) last released its earnings results on Thursday, May 16th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.14 by $0.06. Gambling.com Group had a net margin of 17.06% and a return on equity of 23.12%. The firm had revenue of $29.22 million for the quarter, compared to the consensus estimate of $28.35 million. On average, equities analysts anticipate that Gambling.com Group will post 0.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. EAM Investors LLC purchased a new stake in shares of Gambling.com Group during the third quarter valued at about $4,107,000. Acadian Asset Management LLC raised its position in shares of Gambling.com Group by 151.6% in the 3rd quarter. Acadian Asset Management LLC now owns 353,050 shares of the company’s stock valued at $4,605,000 after purchasing an additional 212,742 shares during the last quarter. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Gambling.com Group in the 3rd quarter valued at approximately $2,043,000. Clearbridge Investments LLC raised 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 purchasing an additional 153,065 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of Gambling.com Group by 237.3% in the 4th quarter. Russell Investments Group Ltd. now owns 183,611 shares of the company’s stock valued at $1,790,000 after purchasing an additional 129,182 shares during the last quarter. 72.26% of the stock is currently owned by institutional investors.

About Gambling.com Group

(Get Free Report

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.

Further Reading

Analyst Recommendations for Gambling.com Group (NASDAQ:GAMB)

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