Gambling.com Group (NASDAQ:GAMB) Announces Quarterly Earnings Results

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

Gambling.com Group Stock Up 6.8 %

Shares of NASDAQ:GAMB opened at $13.33 on Friday. The firm’s 50 day moving average price is $14.21 and its 200 day moving average price is $12.51. The stock has a market cap of $496.18 million, a price-to-earnings ratio of 17.09 and a beta of 0.99. Gambling.com Group has a fifty-two week low of $7.52 and a fifty-two week high of $17.14. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.20.

Wall Street Analysts Forecast Growth

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

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.