Gambling.com Group Limited (NASDAQ:GAMB) Forecasted to Post Q4 2024 Earnings of $0.25 Per Share

Gambling.com Group Limited (NASDAQ:GAMB) – Equities research analysts at B. Riley dropped their Q4 2024 earnings estimates for shares of Gambling.com Group in a report issued on Friday, August 16th. B. Riley analyst D. Bain now expects that the company will post earnings per share of $0.25 for the quarter, down from their prior estimate of $0.28. B. Riley currently has a “Buy” rating and a $13.00 target price on the stock. The consensus estimate for Gambling.com Group’s current full-year earnings is $0.76 per share. B. Riley also issued estimates for Gambling.com Group’s Q2 2025 earnings at $0.20 EPS, Q3 2025 earnings at $0.21 EPS and Q4 2025 earnings at $0.29 EPS.

A number of other research firms also recently commented on GAMB. Craig Hallum raised their price objective on shares of Gambling.com Group from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Truist Financial reaffirmed a “buy” rating and set a $13.00 price objective (up from $12.00) on shares of Gambling.com Group in a report on Friday, August 16th. Finally, Stifel Nicolaus cut their price target on shares of Gambling.com Group from $16.00 to $13.00 and set a “buy” rating for the company in a report on Friday, May 17th. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $13.25.

Gambling.com Group Price Performance

NASDAQ:GAMB opened at $10.05 on Monday. The company has a 50-day moving average of $8.71 and a 200-day moving average of $8.71. The company has a market capitalization of $374.09 million, a price-to-earnings ratio of 20.51 and a beta of 0.86. Gambling.com Group has a 52 week low of $7.51 and a 52 week high of $14.63. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.75 and a current ratio of 1.75.

Hedge Funds Weigh In On Gambling.com Group

Several institutional investors have recently added to or reduced their stakes in the company. New York State Common Retirement Fund increased its position in Gambling.com Group by 101.3% in the 4th quarter. New York State Common Retirement Fund now owns 8,739 shares of the company’s stock valued at $85,000 after acquiring an additional 4,398 shares in the last quarter. Quarry LP increased its position in Gambling.com Group by 1,997.6% in the 2nd quarter. Quarry LP now owns 12,019 shares of the company’s stock valued at $99,000 after acquiring an additional 11,446 shares in the last quarter. M&T Bank Corp acquired a new stake in Gambling.com Group in the 4th quarter valued at about $107,000. Hsbc Holdings PLC acquired a new stake in Gambling.com Group in the 2nd quarter valued at about $115,000. Finally, American Century Companies Inc. increased its position in Gambling.com Group by 38.0% in the 2nd quarter. American Century Companies Inc. now owns 15,523 shares of the company’s stock valued at $128,000 after acquiring an additional 4,276 shares in the last quarter. 72.26% of the stock is owned by 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.