Shares of Gambling.com Group Limited (NASDAQ:GAMB – Get Free Report) have been given an average rating of “Buy” by the eight ratings firms that are currently covering the stock, MarketBeat reports. Eight research analysts have rated the stock with a buy rating. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $14.00.
Several equities research analysts recently weighed in on the company. B. Riley cut their price objective on Gambling.com Group from $14.50 to $13.00 and set a “buy” rating on the stock in a report on Friday, May 17th. Stifel Nicolaus reduced their target price on Gambling.com Group from $16.00 to $13.00 and set a “buy” rating for the company in a report on Friday, May 17th. Finally, Craig Hallum reduced 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 report on Friday, May 17th.
Check Out Our Latest Research Report on Gambling.com Group
Gambling.com Group Stock Down 2.1 %
Shares of GAMB opened at $7.79 on Friday. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.01. The stock has a market cap of $289.94 million, a price-to-earnings ratio of 15.90 and a beta of 0.85. Gambling.com Group has a 12 month low of $7.51 and a 12 month high of $14.83. The company has a 50-day moving average price of $8.43 and a two-hundred day moving average price of $8.95.
Gambling.com Group (NASDAQ:GAMB – Get Free Report) last released its quarterly earnings data on Thursday, May 16th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.06. Gambling.com Group had a return on equity of 23.12% and a net margin of 17.06%. The firm had revenue of $29.22 million for the quarter, compared to analyst estimates of $28.35 million. Equities analysts predict that Gambling.com Group will post 0.76 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the company. Capstone Investment Advisors LLC increased its position in Gambling.com Group by 9.0% in the 1st quarter. Capstone Investment Advisors LLC now owns 32,700 shares of the company’s stock worth $299,000 after purchasing an additional 2,700 shares during the last quarter. New York State Common Retirement Fund lifted its position in Gambling.com Group by 101.3% during the 4th quarter. New York State Common Retirement Fund now owns 8,739 shares of the company’s stock worth $85,000 after buying an additional 4,398 shares in the last quarter. M&T Bank Corp acquired a new position in shares of Gambling.com Group during the fourth quarter valued at $107,000. Algert Global LLC acquired a new stake in Gambling.com Group during the 3rd quarter worth $145,000. Finally, Strs Ohio raised its position in shares of Gambling.com Group by 38.1% in the 4th quarter. Strs Ohio now owns 54,700 shares of the company’s stock valued at $533,000 after acquiring an additional 15,100 shares during the period. 72.26% of the stock is owned by institutional investors and hedge funds.
About Gambling.com Group
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
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