Q4 EPS Estimates for Gambling.com Group Reduced by B. Riley

Gambling.com Group Limited (NASDAQ:GAMB - Free Report) - B. Riley lowered their Q4 2024 earnings per share (EPS) estimates for Gambling.com Group in a research report issued on Monday, November 18th. B. Riley analyst D. Bain now expects that the company will post earnings per share of $0.24 for the quarter, down from their prior forecast of $0.25. The consensus estimate for Gambling.com Group's current full-year earnings is $0.80 per share. B. Riley also issued estimates for Gambling.com Group's Q4 2025 earnings at $0.28 EPS.

Several other equities analysts also recently commented on GAMB. Craig Hallum upped their target price on Gambling.com Group from $14.00 to $16.00 and gave the company a "buy" rating in a research report on Friday. Macquarie upped their price objective on Gambling.com Group from $14.00 to $16.00 and gave the company an "outperform" rating in a report on Monday. Stifel Nicolaus lifted their target price on Gambling.com Group from $13.00 to $14.00 and gave the stock a "buy" rating in a report on Friday. Finally, Truist Financial restated a "buy" rating and issued a $16.00 price target (up from $13.00) on shares of Gambling.com Group in a research note on Friday. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, Gambling.com Group has an average rating of "Buy" and a consensus price target of $15.00.

Gambling.com Group Stock Performance

GAMB traded up $0.56 during trading hours on Tuesday, reaching $12.52. The company's stock had a trading volume of 406,687 shares, compared to its average volume of 169,063. The company's 50-day moving average is $10.09 and its 200-day moving average is $9.24. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market cap of $465.99 million, a PE ratio of 16.05 and a beta of 0.86. Gambling.com Group has a 52 week low of $7.51 and a 52 week high of $13.00.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of GAMB. Clearbridge Investments LLC increased its holdings in Gambling.com Group by 10.4% in the 1st quarter. Clearbridge Investments LLC now owns 972,250 shares of the company's stock valued at $8,877,000 after buying an additional 91,799 shares during the period. Wedge Capital Management L L P NC raised its position in Gambling.com Group by 197.7% during the second quarter. Wedge Capital Management L L P NC now owns 202,727 shares of the company's stock valued at $1,666,000 after purchasing an additional 134,620 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Gambling.com Group by 5.3% during the second quarter. Bank of New York Mellon Corp now owns 41,714 shares of the company's stock worth $343,000 after purchasing an additional 2,090 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Gambling.com Group by 29.8% in the 2nd quarter. Rhumbline Advisers now owns 21,950 shares of the company's stock valued at $180,000 after purchasing an additional 5,043 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Gambling.com Group by 38.0% in the 2nd quarter. American Century Companies Inc. now owns 15,523 shares of the company's stock valued at $128,000 after purchasing an additional 4,276 shares during the last quarter. Institutional investors own 72.26% of the company's stock.

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.