Gambling.com Group (NASDAQ:GAMB) Now Covered by Analysts at B. Riley

Equities research analysts at B. Riley began coverage on shares of Gambling.com Group (NASDAQ:GAMB) in a research note issued to investors on Friday, StockNewsAPI reports. The firm set a “buy” rating and a $14.50 price target on the stock. B. Riley’s target price would suggest a potential upside of 66.28% from the company’s previous close.

Separately, TheStreet cut shares of Gambling.com Group from a “b” rating to a “c” rating in a research note on Monday, January 8th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Gambling.com Group currently has an average rating of “Buy” and an average price target of $15.21.

Gambling.com Group Stock Performance

Shares of GAMB stock traded down $0.02 during trading hours on Friday, reaching $8.72. 52,789 shares of the company traded hands, compared to its average volume of 141,761. The firm has a 50-day moving average price of $8.88 and a 200 day moving average price of $10.04. The company has a market cap of $324.56 million, a P/E ratio of 18.66 and a beta of 0.90. Gambling.com Group has a 12-month low of $8.35 and a 12-month high of $14.83. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.45 and a quick ratio of 1.45.

Gambling.com Group (NASDAQ:GAMB) last announced its quarterly earnings data on Thursday, March 21st. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.01). The firm had revenue of $32.53 million for the quarter, compared to the consensus estimate of $27.63 million. Gambling.com Group had a net margin of 16.81% and a return on equity of 24.50%. As a group, sell-side analysts predict that Gambling.com Group will post 0.82 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Gambling.com Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. EAM Investors LLC bought a new stake in Gambling.com Group in the third quarter worth $4,107,000. Acadian Asset Management LLC grew its stake in shares of Gambling.com Group by 151.6% during the third quarter. Acadian Asset Management LLC now owns 353,050 shares of the company’s stock valued at $4,605,000 after buying an additional 212,742 shares during the last quarter. Punch & Associates Investment Management Inc. grew its stake in shares of Gambling.com Group by 64.4% during the third quarter. Punch & Associates Investment Management Inc. now owns 473,525 shares of the company’s stock valued at $6,194,000 after buying an additional 185,485 shares during the last quarter. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of Gambling.com Group in the third quarter worth approximately $2,043,000. Finally, Clearbridge Investments LLC lifted its stake in shares of Gambling.com Group by 21.0% during the 4th quarter. Clearbridge Investments LLC now owns 880,451 shares of the company’s stock worth $8,584,000 after acquiring an additional 153,065 shares during the last quarter. 72.26% of the stock is currently owned by hedge funds and other institutional investors.

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.