Gambling.com Group Limited (NASDAQ:GAMB) Given Consensus Recommendation of "Buy" by Brokerages

Gambling.com Group Limited (NASDAQ:GAMB - Get Free Report) has earned a consensus recommendation of "Buy" from the nine ratings firms that are currently covering the company, Marketbeat reports. Nine equities research analysts have rated the stock with a buy rating. The average 1-year target price among brokerages that have covered the stock in the last year is $17.56.

Several research firms have recently weighed in on GAMB. Jefferies Financial Group increased their price objective on Gambling.com Group from $20.00 to $21.00 and gave the company a "buy" rating in a report on Wednesday, January 15th. Benchmark restated a "buy" rating and issued a $18.00 price objective on shares of Gambling.com Group in a research note on Thursday, February 20th. Macquarie increased 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 note on Friday, March 21st. Finally, Cantor Fitzgerald started coverage on Gambling.com Group in a research report on Wednesday, March 5th. They issued an "overweight" rating and a $20.00 price target on the stock.

Gambling.com Group Stock Down 2.7 %

NASDAQ:GAMB traded down $0.32 during midday trading on Thursday, hitting $11.65. 127,065 shares of the company were exchanged, compared to its average volume of 268,188. Gambling.com Group has a fifty-two week low of $7.52 and a fifty-two week high of $17.14. The company has a market capitalization of $404.99 million, a PE ratio of 14.94 and a beta of 1.04. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.20. The company has a fifty day simple moving average of $13.16 and a 200 day simple moving average of $12.92.

Gambling.com Group (NASDAQ:GAMB - Get Free Report) last posted its earnings results on Thursday, March 20th. The company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.25 by $0.10. The business had revenue of $35.30 million for the quarter, compared to analysts' expectations of $35.20 million. Gambling.com Group had a return on equity of 25.06% and a net margin of 23.40%. The business's revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, equities analysts anticipate that Gambling.com Group will post 0.88 earnings per share for the current fiscal year.

Institutional Trading of Gambling.com Group

Hedge funds have recently modified their holdings of the business. State Street Corp lifted its holdings in Gambling.com Group by 4.2% in the third quarter. State Street Corp now owns 194,120 shares of the company's stock valued at $1,945,000 after acquiring an additional 7,806 shares during the period. Barclays PLC boosted its holdings in Gambling.com Group by 94.0% during the third quarter. Barclays PLC now owns 38,494 shares of the company's stock worth $385,000 after buying an additional 18,656 shares in the last quarter. SG Americas Securities LLC acquired a new position in Gambling.com Group during the fourth quarter worth about $163,000. Exchange Traded Concepts LLC increased its holdings in Gambling.com Group by 2.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 49,799 shares of the company's stock valued at $701,000 after buying an additional 1,325 shares in the last quarter. Finally, Gagnon Securities LLC acquired a new stake in shares of Gambling.com Group during the 4th quarter valued at approximately $317,000. 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.