Analysts Set Gambling.com Group Limited (NASDAQ:GAMB) Target Price at $18.25

Gambling.com Group Limited (NASDAQ:GAMB) has been given a consensus rating of “Buy” by the eight brokerages that are covering the firm, MarketBeat reports. Eight equities research analysts have rated the stock with a buy recommendation. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $17.88.

GAMB has been the subject of a number of recent analyst reports. Truist Financial lowered their target price on shares of Gambling.com Group from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, April 23rd. Jefferies Financial Group lowered their price objective on shares of Gambling.com Group from $20.00 to $18.00 and set a “buy” rating for the company in a research report on Thursday. Wall Street Zen upgraded shares of Gambling.com Group from a “hold” rating to a “buy” rating in a research note on Friday, May 30th. Finally, Macquarie raised their target price on shares of Gambling.com Group from $18.00 to $19.00 and gave the stock an “outperform” rating in a research report on Friday, March 21st.

Institutional Trading of Gambling.com Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC raised its position in shares of Gambling.com Group by 119.4% in the 4th quarter. Jane Street Group LLC now owns 41,291 shares of the company’s stock worth $581,000 after acquiring an additional 22,471 shares in the last quarter. LPL Financial LLC grew its stake in Gambling.com Group by 8.7% in the fourth quarter. LPL Financial LLC now owns 28,549 shares of the company’s stock valued at $402,000 after purchasing an additional 2,275 shares during the last quarter. BNP Paribas Financial Markets bought a new position in Gambling.com Group in the fourth quarter worth about $1,337,000. Dimensional Fund Advisors LP lifted its position in shares of Gambling.com Group by 12.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 503,426 shares of the company’s stock valued at $7,089,000 after buying an additional 56,268 shares during the last quarter. Finally, Centiva Capital LP purchased a new stake in shares of Gambling.com Group during the fourth quarter valued at about $274,000. Institutional investors own 72.26% of the company’s stock.

Gambling.com Group Price Performance

GAMB stock opened at $11.98 on Tuesday. The stock has a market cap of $416.25 million, a PE ratio of 12.35 and a beta of 0.93. Gambling.com Group has a 12 month low of $8.01 and a 12 month high of $17.14. The company has a 50-day moving average price of $12.37 and a 200 day moving average price of $13.26. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.55.

Gambling.com Group (NASDAQ:GAMB) last announced its quarterly earnings data on Thursday, May 15th. The company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.27. The business had revenue of $40.64 million during the quarter, compared to the consensus estimate of $40.07 million. Gambling.com Group had a net margin of 24.97% and a return on equity of 34.63%. Equities research analysts anticipate that Gambling.com Group will post 0.88 earnings per share for the current year.

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.