Gambling.com Group Limited (NASDAQ:GAMB) Receives Average Rating of “Hold” from Brokerages

Gambling.com Group Limited (NASDAQ:GAMB) has been given a consensus rating of “Hold” by the nine research firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $7.3750.

A number of research firms have weighed in on GAMB. Benchmark reiterated a “speculative buy” rating and set a $4.00 target price (down from $6.00) on shares of Gambling.com Group in a report on Friday, May 15th. Weiss Ratings restated a “sell (d)” rating on shares of Gambling.com Group in a research note on Wednesday, June 17th. Zacks Research lowered Gambling.com Group from a “hold” rating to a “strong sell” rating in a research report on Monday, July 6th. Wall Street Zen raised Gambling.com Group from a “sell” rating to a “hold” rating in a research note on Sunday, May 17th. Finally, Stifel Nicolaus decreased their price objective on Gambling.com Group from $8.00 to $6.00 and set a “buy” rating for the company in a report on Thursday, April 9th.

Gambling.com Group Stock Up 1.7%

Shares of NASDAQ GAMB opened at $1.80 on Friday. The firm has a fifty day simple moving average of $2.39 and a two-hundred day simple moving average of $3.66. Gambling.com Group has a 12 month low of $1.73 and a 12 month high of $11.50. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $63.18 million, a PE ratio of -1.40 and a beta of 0.73.

Gambling.com Group (NASDAQ:GAMB) last announced its earnings results on Friday, May 15th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.06). Gambling.com Group had a negative net margin of 27.44% and a positive return on equity of 27.61%. The company had revenue of $40.44 million for the quarter, compared to the consensus estimate of $40.21 million. Equities analysts expect that Gambling.com Group will post 0.14 earnings per share for the current year.

Institutional Trading of Gambling.com Group

A number of hedge funds and other institutional investors have recently modified their holdings of GAMB. Millennium Management LLC grew its stake in shares of Gambling.com Group by 231.9% in the third quarter. Millennium Management LLC now owns 1,231,370 shares of the company’s stock worth $10,073,000 after acquiring an additional 860,369 shares during the last quarter. Cornerstone Wealth Group LLC purchased a new position in shares of Gambling.com Group in the 1st quarter worth about $734,000. Prescott Group Capital Management L.L.C. bought a new position in Gambling.com Group in the 4th quarter worth about $953,000. Goldman Sachs Group Inc. boosted its stake in Gambling.com Group by 146.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 292,404 shares of the company’s stock worth $1,597,000 after purchasing an additional 173,933 shares in the last quarter. Finally, American Century Companies Inc. grew its position in Gambling.com Group by 362.2% during the 2nd quarter. American Century Companies Inc. now owns 193,669 shares of the company’s stock valued at $2,303,000 after purchasing an additional 151,767 shares during the last quarter. 72.26% of the stock is owned by hedge funds and other institutional investors.

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.