Gambling.com Group: A Comprehensive Overview of a Leading Player in the Online Gambling Industry
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On August 21, 2023, we will be discussing the latest research report on Gambling.com Group (NASDAQ: GAMB). This article aims to provide a comprehensive overview of the company’s recent earnings results and its operations in the online gambling industry.
According to their earnings report released on May 18th, Gambling.com Group exceeded market expectations. The company reported earnings per share of $0.20 for the quarter, surpassing the consensus estimate of $0.17 by $0.03. Additionally, they generated revenue of $26.69 million, which was slightly below analyst estimates of $26.70 million.
Gambling.com Group Limited is a performance marketing company that operates globally within the online gambling industry. Their primary focus is providing digital marketing services for iGaming and sports betting platforms. The company manages multiple branded websites such as Gambling.com, Bookies.com, RotoWire.com, and BonusFinder.com.
Through these branded websites, Gambling.com Group offers valuable resources and information to help users navigate the world of online gambling effectively. These platforms not only serve as a hub for enthusiasts but also provide reviews, comparisons, and up-to-date news related to various online gambling sites.
The success of Gambling.com Group can be attributed to its expertise in performance marketing for the iGaming industry. By leveraging digital tools and strategies such as search engine optimization (SEO) and affiliate marketing partnerships, they are able to drive traffic to their websites while also maximizing conversions and revenue generation.
With a net margin of 5.04% and a return on equity of 23.47%, Gambling.com Group has proven itself as a profitable venture in this highly competitive industry. Their ability to consistently deliver positive financial results reflects their solid business model and market position.
As we move forward into an increasingly digital age, online gambling continues to thrive worldwide. The convenience and accessibility offered by virtual platforms have driven its exponential growth over recent years. Emerging technologies and regulatory developments further contribute to the sector’s expansion.
While Gambling.com Group operates in a lucrative industry, it is important to acknowledge the inherent risks associated with online gambling. Factors such as addiction, regulatory challenges, and potential fraud pose significant concerns that both players and industry stakeholders must address responsibly.
In conclusion, Gambling.com Group stands out as a notable player within the online gambling industry. Their strong financial performance, coupled with their expertise in digital marketing, positions them as a leading performance marketing company in this thriving sector. As they continue to expand their operations globally, it will be interesting to monitor their progress and future endeavors.
Please note that all information included in this article is based on data available as of August 21, 2023.
Gambling.com Group Limited
GAMB
Strong Buy
Updated on: 21/08/2023
Financial Health
Very Healthy
Debt to equity ratio: Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Neutral
Price Target
Current $14.03
Concensus $11.25
Low $10.50
Median $11.25
High $12.00
Social Sentiments
We did not find social sentiment data for this stock
Analyst Ratings
Gambling.com Group Limited Faces Lower Q3 Earnings Estimates as Analysts Remain Bullish
August 21, 2023 – Gambling.com Group Limited (NASDAQ: GAMB) recently saw a decrease in its Q3 2023 earnings estimates as reported by B. Riley analysts. The revised forecast suggests that the company may post earnings per share of $0.10 for the quarter, down from their initial projection of $0.11. It is worth noting that the consensus estimate for Gambling.com Group’s full-year earnings currently stands at $0.59 per share.
In addition to this adjustment, B. Riley also provided estimates for other periods. They anticipate Q4 2023 earnings to reach $0.23 EPS and FY2023 earnings to be approximately $0.55 EPS. For the first and second quarters of 2024, they predicted earnings of $0.27 EPS and $0.21 EPS respectively. Furthermore, they estimated Q3 and Q4 2024 earnings to be at $0.13 EPS and $0.28 EPS respectively, with FY2024 earnings projected at around $0.90 EPS.
Analysts have been closely following Gambling.com Group and their recent performance prompted a series of research reports from various sources acknowledged by Bloomberg.com data analysis platform. BTIG Research initiated coverage on the company in June with a “buy” rating and set a target price of $13 for the stock. In May, 500.com reaffirmed their “maintains” rating on shares of Gambling.com Group, while Roth Capital similarly restated a “buy” rating in July.
Craig Hallum also gave commendation to the company when they raised their target price from $15 to $18 in August alongside issuing a “buy” rating on Gambling.com Group’s stock.In line with these evaluations, Macquarie commenced coverage on Gambling.com Group shares in June with an “outperform” rating and cited a price target of $13.
Overall, Bloomberg.com data reveals that, according to eight different analysts, Gambling.com Group currently holds an average rating of “Buy” with an average price target of $15.13.
Gambling.com Group Limited operates as a performance marketing company catering to the online gambling industry across the globe. The company provides digital marketing services primarily for iGaming and sports betting platforms. Noteworthy branded websites operated by Gambling.com Group include Gambling.com, Bookies.com, RotoWire.com, and BonusFinder.com.
Moving to its current financial status on NASDAQ, shares of GAMB opened at $14.37 on Monday. With a current ratio of 1.38 and a quick ratio of 1.37, the company appears relatively stable in terms of liquidity. Additionally, their debt-to-equity ratio remains low at 0.02 for added reassurance.
As for market capitalization, Gambling.com Group is valued at $608.10 million with a price-to-earnings ratio of 119.75 and a beta value of 1.44 suggesting higher volatility than the market norm.
The stock’s fifty-day simple moving average stands at $11.34 while its two-hundred-day simple moving average is slightly lower at $10.41.
Over the past year, Gambling.com Group achieved significant growth with its stocks experiencing a range from $6.62 – $14.83.
Institutional investors have also shown interest in Gambling.com Group’s potential recently both in terms of increasing their position or reducing their stake.In this regard, Wells Fargo & Company MN purchased an additional 3,681 shares during the second quarter thereby increasing their holdings by 220.9%. This results in them now owning 5,347 shares worth approximately $55,000.
Similarly, Yarra Square Partners LP raised their position by 56.7% during the same period as they acquired an extra 89,000 shares reaching a total ownership of 245,981 shares valued at $2,519,000.
Goldman Sachs Group Inc. also joined the group of institutional investors with a new stake in Gambling.com Group totalling around $153,000.
Two notable additions to Gambling.com Group’s investor list are Potrero Capital Research LLC and Intrinsic Edge Capital Management LLC. These two entities purchased stakes worth around $7,359,000 and $148,000 respectively.
Institutional investors currently own approximately 14.63% of Gambling.com Group’s stock according to available information.
In conclusion, analysts have tempered their Q3 earnings estimates for Gambling.com Group Limited to $0.10 per share. The company has garnered significant attention from various research reports over recent months which have consistently rated it as a “Buy” and assigned an average price target of $15.13. Furthermore, its performance marketing services continue to cater to the online gambling industry on both iGaming and sports betting platforms globally. With a stable financial position and ongoing interest from institutional investors, this industry player seems poised for continued growth.
