Analysts Set Gambling.com Group Limited (NASDAQ:GAMB) Price Target at $17.88

Gambling.com Group Limited (NASDAQ:GAMB) has received an average rating of “Buy” from the eight research firms that are currently covering the company, Marketbeat reports. Eight research analysts have rated the stock with a buy rating. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $17.88.

GAMB has been the topic of a number of analyst reports. Truist Financial decreased their target price on shares of Gambling.com Group from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, April 23rd. Wall Street Zen upgraded Gambling.com Group from a “hold” rating to a “buy” rating in a report on Friday, May 30th. Finally, Jefferies Financial Group dropped their target price on Gambling.com Group from $20.00 to $18.00 and set a “buy” rating for the company in a report on Thursday, July 3rd.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp grew its stake in Gambling.com Group by 12.1% in the fourth quarter. Bank of New York Mellon Corp now owns 34,540 shares of the company’s stock worth $486,000 after purchasing an additional 3,729 shares during the period. Intech Investment Management LLC purchased a new stake in shares of Gambling.com Group in the 4th quarter worth about $146,000. Quantbot Technologies LP increased its stake in shares of Gambling.com Group by 12,853.2% in the 4th quarter. Quantbot Technologies LP now owns 10,233 shares of the company’s stock worth $144,000 after acquiring an additional 10,154 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Gambling.com Group in the 4th quarter worth about $146,000. Finally, American Century Companies Inc. lifted its position in Gambling.com Group by 22.8% during the 4th quarter. American Century Companies Inc. now owns 39,550 shares of the company’s stock valued at $557,000 after acquiring an additional 7,341 shares during the period. Institutional investors own 72.26% of the company’s stock.

Gambling.com Group Trading Up 0.8%

Shares of GAMB opened at $10.61 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.06 and a quick ratio of 1.06. Gambling.com Group has a 1-year low of $8.49 and a 1-year high of $17.14. The company has a market capitalization of $368.80 million, a P/E ratio of 10.94 and a beta of 0.93. The firm’s 50 day simple moving average is $11.69 and its 200 day simple moving average is $12.86.

Gambling.com Group (NASDAQ:GAMB) last released its earnings results on Thursday, May 15th. The company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.27. Gambling.com Group had a return on equity of 34.63% and a net margin of 24.97%. The business had revenue of $40.64 million for the quarter, compared to analysts’ expectations of $40.07 million. Sell-side analysts forecast that Gambling.com Group will post 0.88 earnings per share for the current fiscal 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.