Brokerages Set Gambling.com Group Limited (NASDAQ:GAMB) Target Price at $15.75

Shares of Gambling.com Group Limited (NASDAQ:GAMB) have received a consensus rating of “Moderate Buy” from the ten brokerages that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $15.75.

GAMB has been the topic of a number of recent research reports. Weiss Ratings lowered Gambling.com Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Saturday, October 25th. Truist Financial dropped their price objective on Gambling.com Group from $11.00 to $9.00 and set a “hold” rating on the stock in a report on Tuesday, October 21st. Jefferies Financial Group decreased their target price on Gambling.com Group from $18.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, August 15th. Zacks Research downgraded Gambling.com Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. Finally, Stifel Nicolaus reduced their price objective on Gambling.com Group from $18.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, August 15th.

Institutional Investors Weigh In On Gambling.com Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in GAMB. Cubist Systematic Strategies LLC boosted its holdings in Gambling.com Group by 185.5% in the first quarter. Cubist Systematic Strategies LLC now owns 193,686 shares of the company’s stock valued at $2,444,000 after purchasing an additional 125,834 shares during the last quarter. Diversified Investment Strategies LLC boosted its holdings in Gambling.com Group by 52.8% in the second quarter. Diversified Investment Strategies LLC now owns 275,000 shares of the company’s stock valued at $3,270,000 after purchasing an additional 95,000 shares during the last quarter. Trexquant Investment LP bought a new position in Gambling.com Group during the 1st quarter worth approximately $1,249,000. Steamboat Capital Partners LLC lifted its holdings in Gambling.com Group by 47.6% during the 1st quarter. Steamboat Capital Partners LLC now owns 147,422 shares of the company’s stock worth $1,860,000 after buying an additional 47,517 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in Gambling.com Group by 26.1% during the 1st quarter. Acadian Asset Management LLC now owns 394,841 shares of the company’s stock worth $4,974,000 after buying an additional 81,836 shares during the last quarter. 72.26% of the stock is currently owned by institutional investors and hedge funds.

Gambling.com Group Trading Up 2.0%

GAMB opened at $6.99 on Monday. The firm has a market cap of $249.61 million, a price-to-earnings ratio of 17.48 and a beta of 0.85. Gambling.com Group has a 52 week low of $6.79 and a 52 week high of $17.14. The business’s 50 day moving average is $7.93 and its two-hundred day moving average is $10.27. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.57.

Gambling.com Group (NASDAQ:GAMB) last released its quarterly earnings results on Thursday, August 14th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.12 by $0.25. The company had revenue of $39.59 million for the quarter, compared to analyst estimates of $38.93 million. Gambling.com Group had a return on equity of 38.04% and a net margin of 9.66%. Gambling.com Group has set its FY 2025 guidance at EPS. On average, research analysts predict that Gambling.com Group will post 0.88 EPS for the current 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.