Gambling.com Group Limited (NASDAQ:GAMB) Receives $17.56 Average Target Price from Analysts

Gambling.com Group Limited (NASDAQ:GAMB - Get Free Report) has been given an average rating of "Buy" by the nine brokerages that are presently covering the firm, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a buy rating. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $17.56.

Several brokerages have issued reports on GAMB. Craig Hallum lifted their target price on shares of Gambling.com Group from $16.00 to $18.00 and gave the stock a "buy" rating in a research note on Friday, December 13th. Cantor Fitzgerald started coverage on shares of Gambling.com Group in a report on Wednesday, March 5th. They issued an "overweight" rating and a $20.00 price objective for the company. Jefferies Financial Group boosted their target price on Gambling.com Group from $20.00 to $21.00 and gave the stock a "buy" rating in a report on Wednesday, January 15th. BTIG Research increased their price target on Gambling.com Group from $13.00 to $19.00 and gave the company a "buy" rating in a report on Friday, December 13th. Finally, Macquarie boosted their price objective on Gambling.com Group from $18.00 to $19.00 and gave the stock an "outperform" rating in a research note on Friday, March 21st.

Institutional Investors Weigh In On Gambling.com Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barclays PLC grew its holdings in shares of Gambling.com Group by 94.0% during the 3rd quarter. Barclays PLC now owns 38,494 shares of the company's stock worth $385,000 after purchasing an additional 18,656 shares during the period. Los Angeles Capital Management LLC acquired a new position in Gambling.com Group in the fourth quarter valued at about $2,280,000. Gagnon Securities LLC purchased a new position in Gambling.com Group during the fourth quarter worth about $317,000. M&T Bank Corp acquired a new stake in shares of Gambling.com Group during the fourth quarter valued at about $195,000. Finally, IFP Advisors Inc purchased a new stake in shares of Gambling.com Group in the 4th quarter valued at approximately $49,000. Institutional investors and hedge funds own 72.26% of the company's stock.

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Gambling.com Group Stock Performance

NASDAQ:GAMB traded down $0.34 during trading hours on Friday, reaching $13.41. The company had a trading volume of 344,241 shares, compared to its average volume of 252,793. The firm has a market cap of $466.17 million, a PE ratio of 17.19 and a beta of 0.99. Gambling.com Group has a 1-year low of $7.52 and a 1-year high of $17.14. The business's 50 day moving average price is $14.22 and its 200-day moving average price is $12.62. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 1.03.

Gambling.com Group (NASDAQ:GAMB - Get Free Report) last posted its earnings results on Thursday, March 20th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.10. Gambling.com Group had a net margin of 23.40% and a return on equity of 25.06%. The firm had revenue of $35.30 million during the quarter, compared to analysts' expectations of $35.20 million. Gambling.com Group's quarterly revenue was up 8.6% on a year-over-year basis. Research analysts forecast that Gambling.com Group will post 0.88 EPS for the current year.

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.