Does Gambling.com Group Limited (GAMB) have what it takes to be a top stock pick for momentum investors? Let's find out.
I value Gambling.com Group Limited's ability to generate significant free cash flow, with a projected $60 million in 2025. I appreciate its focus on capital-efficient growth, leveraging organic strategies over aggressive acquisitions. I recognize its strong market positioning, particularly in iGaming, as a driver of consistent performance.
Here is how Gambling.com Group Limited (GAMB) and Lesaka Technologies (LSAK) have performed compared to their sector so far this year.
The average of price targets set by Wall Street analysts indicates a potential upside of 26.6% in Gambling.com (GAMB). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
After reporting yet another "beat and raise" quarter, Gambling.com Group (GAMB) shares rallied by more than 20% after the company's latest quarterly earnings release on Nov. 14. Yet while shares have started to pull back, you may not want to write-off this gambling-focused digital marketing company's shares to experience further material multiple expansion. Taking into account three catalysts, much suggests GAMB could keep moving in the right direction.
Gambling.com Group Limited (NASDAQ:GAMB ) Q3 2024 Results Conference Call November 14, 2024 8:00 AM ET Company Participants Peter McGough - SVP, IR & Capital Markets Charles Gillespie - Co-Founder & CEO Elias Mark - CFO Conference Call Participants Ryan Sigdahl - Craig-Hallum Capital Group Barry Jonas - Truist Securities David Katz - Jefferies Aaron Lee - Macquarie Operator Greetings, and welcome to the Gambling.com Group Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
Gambling.com Group Limited (GAMB) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.14 per share a year ago.
Gambling.com is a strong growth story trading like a value stock. The company has strong growth opportunities, disciplined cash management, and will continue to benefit from secular trends. Gambling.com had a strong Q2 but the stock has since retreated, presenting a buying opportunity.
Gambling.com Group Limited (GAMB) came out with quarterly earnings of $0.20 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.17 per share a year ago.
Penny stocks to buy: professionals within the financial advisory industry constantly warn retail investors to stay away from this sector. They're enticing, yes, because they feature a relatively low share price tied to a diminutive enterprise value.
Gambling.com Group Limited (NASDAQ:GAMB – Free Report) – Investment analysts at B. Riley increased their Q2 2024 EPS estimates for shares of Gambling.com Group in a report issued on Friday, May 17th. B. Riley analyst D. Bain now anticipates that the company will earn $0.14 per share for the quarter, up from their previous forecast of $0.12. 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 $0.78 per share. B. Riley also issued estimates for Gambling.com Group’s Q3 2024 earnings at $0.18 EPS, Q4 2024 earnings at $0.28 EPS, Q1 2025 earnings at $0.24 EPS, Q3 2025 earnings at $0.25 EPS, Q4 2025 earnings at $0.32 EPS and FY2025 earnings at $1.00 EPS. Gambling.com Group (NASDAQ:GAMB – Get Free Report) last announced its quarterly earnings data on Thursday, March 21st. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.01). The company had revenue of $32.53 million for the quarter, compared to analysts’ expectations of $27.63 million. Gambling.com Group had a return on equity of 23.66% and a net margin of 17.06%. Other research analysts have also issued reports about the stock. Craig Hallum cut their price objective on shares of Gambling.com Group from $15.00 to $12.00 and set a “buy” rating on the stock in a report on Friday. Stifel Nicolaus dropped 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. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $14.00. Read Our Latest Analysis on Gambling.com Group Gambling.com Group Trading Up 2.0 % Shares of GAMB stock opened at $8.00 on Monday. The firm has a market cap of $297.76 million, a P/E ratio of 16.33 and a beta of 0.92. Gambling.com Group has a 1-year low of $7.60 and a 1-year high of $14.83. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.45 and a quick ratio of 1.45. The firm’s 50-day simple moving average is $8.88 and its 200-day simple moving average is $9.49. Institutional Trading of Gambling.com Group Several large investors have recently bought and sold shares of the company. Clearbridge Investments LLC grew its position in Gambling.com Group by 10.4% in the first quarter. Clearbridge Investments LLC now owns 972,250 shares of the company’s stock valued at $8,877,000 after acquiring an additional 91,799 shares in the last quarter. Acadian Asset Management LLC grew its position in Gambling.com Group by 151.6% in the third quarter. Acadian Asset Management LLC now owns 353,050 shares of the company’s stock valued at $4,605,000 after acquiring an additional 212,742 shares in the last quarter. EAM Investors LLC acquired a new stake in Gambling.com Group in the third quarter valued at approximately $4,107,000. Russell Investments Group Ltd. grew its position in Gambling.com Group by 237.3% in the fourth quarter. Russell Investments Group Ltd. now owns 183,611 shares of the company’s stock valued at $1,790,000 after acquiring an additional 129,182 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. acquired a new stake in Gambling.com Group in the third quarter valued at approximately $2,043,000. Institutional investors and hedge funds own 72.26% of the company’s stock. Gambling.com Group Company Profile (Get Free Report) 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.