Gambling.com Group Limited (NASDAQ:GAMB) Receives $7.12 Consensus Target Price from Analysts

Shares of Gambling.com Group Limited (NASDAQ:GAMB) have earned an average rating of “Hold” from the nine research firms that are presently covering the company, Marketbeat.com 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 given a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $7.1250.

A number of equities analysts recently weighed in on the stock. Truist Financial cut their price target on shares of Gambling.com Group from $5.00 to $3.00 and set a “hold” rating on the stock in a report on Monday, July 20th. Benchmark restated a “speculative buy” rating and set a $4.00 price objective (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 report on Wednesday, June 17th. Zacks Research lowered shares of Gambling.com Group from a “hold” rating to a “strong sell” rating in a research report on Monday, July 6th. Finally, Wall Street Zen upgraded shares of Gambling.com Group from a “sell” rating to a “hold” rating in a research note on Sunday, May 17th.

Institutional Investors Weigh In On Gambling.com Group

Hedge funds have recently modified their holdings of the stock. Royal Bank of Canada lifted its stake in Gambling.com Group by 827.6% in the first quarter. Royal Bank of Canada now owns 25,185 shares of the company’s stock valued at $98,000 after purchasing an additional 22,470 shares during the last quarter. Sei Investments Co. purchased a new stake in Gambling.com Group in the first quarter worth $109,000. Cetera Investment Advisers purchased a new stake in Gambling.com Group in the first quarter worth $107,000. Bank of New York Mellon Corp raised its stake in shares of Gambling.com Group by 24.2% in the first quarter. Bank of New York Mellon Corp now owns 44,795 shares of the company’s stock valued at $174,000 after buying an additional 8,737 shares during the period. Finally, Strs Ohio raised its stake in shares of Gambling.com Group by 41.9% in the first quarter. Strs Ohio now owns 137,900 shares of the company’s stock valued at $535,000 after buying an additional 40,700 shares during the period. Institutional investors own 72.26% of the company’s stock.

Gambling.com Group Stock Performance

Shares of Gambling.com Group stock opened at $1.88 on Thursday. The business’s fifty day simple moving average is $2.08 and its 200 day simple moving average is $3.30. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 1.02. Gambling.com Group has a 12 month low of $1.73 and a 12 month high of $11.34. The firm has a market capitalization of $65.98 million, a P/E ratio of -1.46 and a beta of 0.73.

Gambling.com Group (NASDAQ:GAMB) last announced its quarterly earnings data on Friday, May 15th. The company reported ($0.03) earnings per share (EPS) 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 business had revenue of $40.44 million during the quarter, compared to the consensus estimate of $40.21 million. As a group, analysts anticipate that Gambling.com Group will post 0.14 EPS for the current year.

Gambling.com Group Company Profile

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.