Gambling.com Group (NASDAQ:GAMB) Issues Earnings Results

Gambling.com Group (NASDAQ:GAMB) released its quarterly earnings data on Thursday. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.10, Zacks reports. Gambling.com Group had a net margin of 23.40% and a return on equity of 25.06%. The company had revenue of $35.30 million for the quarter, compared to analysts’ expectations of $35.20 million. The company’s revenue was up 8.6% on a year-over-year basis.

Gambling.com Group Stock Performance

NASDAQ:GAMB opened at $13.33 on Friday. The firm’s fifty day moving average price is $14.21 and its 200 day moving average price is $12.51. Gambling.com Group has a 1-year low of $7.52 and a 1-year high of $17.14. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market cap of $496.18 million, a price-to-earnings ratio of 17.09 and a beta of 0.99.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. BTIG Research raised their price objective on shares of Gambling.com Group from $13.00 to $19.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Cantor Fitzgerald assumed coverage on shares of Gambling.com Group in a report on Wednesday, March 5th. They issued an “overweight” rating and a $20.00 target price on the stock. Jefferies Financial Group lifted their target price on shares of Gambling.com Group from $20.00 to $21.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Craig Hallum lifted their target price on shares of Gambling.com Group from $16.00 to $18.00 and gave the company a “buy” rating in a report on Friday, December 13th. Finally, Benchmark reaffirmed a “buy” rating and issued a $18.00 target price on shares of Gambling.com Group in a report on Thursday, February 20th. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $17.22.

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.