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

Gambling.com Group Limited (NASDAQ:GAMB) – Analysts at B. Riley reduced their Q4 2024 earnings estimates for shares of Gambling.com Group in a note issued to investors on Friday, August 16th. B. Riley analyst D. Bain now expects that the company will earn $0.25 per share for the quarter, down from their previous estimate of $0.28. B. Riley has a “Buy” rating and a $13.00 price objective 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.

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

Gambling.com Group Price Performance

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. New York State Common Retirement Fund boosted its holdings in shares of Gambling.com Group by 101.3% in the fourth 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. M&T Bank Corp acquired a new stake in Gambling.com Group during the fourth quarter valued at approximately $107,000. Quarry LP lifted its stake in Gambling.com Group by 1,997.6% during the second quarter. Quarry LP now owns 12,019 shares of the company’s stock valued at $99,000 after purchasing an additional 11,446 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in Gambling.com Group during the second quarter valued at approximately $115,000. Finally, American Century Companies Inc. lifted its stake 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 valued at $128,000 after purchasing an additional 4,276 shares during the last quarter. 72.26% of the stock is currently owned by institutional investors.

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.