Brokerages Set Gambling.com Group Limited (NASDAQ:GAMB) PT at $7.38

Gambling.com Group Limited (NASDAQ:GAMB) has received an average rating of “Hold” from the nine ratings firms that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $7.3750.

Several equities analysts have recently commented on GAMB shares. Benchmark reaffirmed a “speculative buy” rating and set a $4.00 target price (down from $6.00) on shares of Gambling.com Group in a report on Friday, May 15th. Weiss Ratings reissued a “sell (d)” rating on shares of Gambling.com Group in a report on Wednesday, June 17th. Zacks Research lowered Gambling.com Group from a “hold” rating to a “strong sell” rating in a research report on Monday, July 6th. Stifel Nicolaus lowered their price objective on Gambling.com Group from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Thursday, April 9th. Finally, Wall Street Zen raised Gambling.com Group from a “sell” rating to a “hold” rating in a research report on Sunday, May 17th.

Hedge Funds Weigh In On Gambling.com Group

Several institutional investors have recently modified their holdings of GAMB. Royal Bank of Canada increased its holdings in shares of Gambling.com Group by 827.6% in the 1st quarter. Royal Bank of Canada now owns 25,185 shares of the company’s stock worth $98,000 after acquiring an additional 22,470 shares during the period. Sei Investments Co. acquired a new position in Gambling.com Group during the 1st quarter valued at about $109,000. Cetera Investment Advisers acquired a new position in Gambling.com Group during the 1st quarter valued at about $107,000. Bank of New York Mellon Corp grew its position in Gambling.com Group by 24.2% in the 1st quarter. Bank of New York Mellon Corp now owns 44,795 shares of the company’s stock worth $174,000 after purchasing an additional 8,737 shares during the last quarter. Finally, Strs Ohio grew its position in Gambling.com Group by 41.9% in the 1st quarter. Strs Ohio now owns 137,900 shares of the company’s stock worth $535,000 after purchasing an additional 40,700 shares during the last quarter. Institutional investors own 72.26% of the company’s stock.

Gambling.com Group Trading Down 1.6%

Gambling.com Group stock opened at $1.86 on Friday. Gambling.com Group has a 1 year low of $1.85 and a 1 year high of $12.08. The firm’s 50-day moving average is $2.54 and its 200-day moving average is $3.72. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.31 and a current ratio of 1.31. The company has a market cap of $65.29 million, a P/E ratio of -1.44 and a beta of 0.73.

Gambling.com Group (NASDAQ:GAMB) last announced its quarterly earnings data on Friday, May 15th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.06). The business had revenue of $40.44 million for the quarter, compared to the consensus estimate of $40.21 million. Gambling.com Group had a negative net margin of 27.44% and a positive return on equity of 27.61%. On average, equities analysts expect that Gambling.com Group will post 0.14 earnings per share for the current year.

Gambling.com Group Company Profile

Gambling.com Group is a digital performance marketing company specializing in the online gambling industry. Through a diversified portfolio of affiliate websites, the company generates leads and traffic for operators in segments such as sports betting, online casino, poker, bingo and daily fantasy sports. Its platforms offer in-depth reviews, expert guides, comparison tools and editorial content designed to help players make informed choices and drive conversions for partner brands.

The group’s service offerings include search engine optimization, pay-per-click campaigns, display advertising, email marketing and social media management.