B. Riley Decreases Earnings Estimates for Gambling.com Group

Gambling.com Group Limited (NASDAQ:GAMB) – Research analysts at B. Riley lowered their Q4 2024 EPS estimates for shares of Gambling.com Group in a report released on Monday, November 18th. B. Riley analyst D. Bain now forecasts that the company will post earnings per share of $0.24 for the quarter, down from their previous estimate 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 research firms have also weighed in on GAMB. Stifel Nicolaus lifted their price objective on shares of Gambling.com Group from $13.00 to $14.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Macquarie lifted their price target on shares of Gambling.com Group from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Monday. Craig Hallum lifted their price target on shares of Gambling.com Group from $14.00 to $16.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $16.00 price target (up previously from $13.00) on shares of Gambling.com Group in a research note on Friday, November 15th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $15.00.

Gambling.com Group Stock Up 3.1 %

Gambling.com Group stock opened at $12.91 on Tuesday. The company’s 50 day simple moving average is $10.15 and its 200 day simple moving average is $9.27. Gambling.com Group has a fifty-two week low of $7.51 and a fifty-two week high of $13.08. The firm has a market capitalization of $480.55 million, a price-to-earnings ratio of 16.55 and a beta of 0.86. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 1.03.

Institutional Trading of Gambling.com Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Clearbridge Investments LLC increased its holdings in Gambling.com Group by 10.4% during the first quarter. Clearbridge Investments LLC now owns 972,250 shares of the company’s stock worth $8,877,000 after buying an additional 91,799 shares during the last quarter. Yarra Square Partners LP boosted its position in shares of Gambling.com Group by 27.2% in the second quarter. Yarra Square Partners LP now owns 312,981 shares of the company’s stock valued at $2,573,000 after acquiring an additional 67,000 shares during the period. Renaissance Technologies LLC boosted its position in shares of Gambling.com Group by 4.2% in the second quarter. Renaissance Technologies LLC now owns 298,800 shares of the company’s stock valued at $2,456,000 after acquiring an additional 12,000 shares during the period. American Century Companies Inc. lifted its position in Gambling.com Group by 38.0% during the second quarter. American Century Companies Inc. now owns 15,523 shares of the company’s stock worth $128,000 after purchasing an additional 4,276 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Gambling.com Group by 13.7% during the second quarter. Dimensional Fund Advisors LP now owns 398,016 shares of the company’s stock worth $3,272,000 after purchasing an additional 47,843 shares during the period. 72.26% of the stock is currently owned by institutional investors and hedge funds.

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.