Corsair Capital Management L.P. Acquires Shares of 10,000 Gambling.com Group Limited $GAMB

Corsair Capital Management L.P. bought a new position in Gambling.com Group Limited (NASDAQ:GAMB) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 10,000 shares of the company’s stock, valued at approximately $119,000.

Several other institutional investors have also recently added to or reduced their stakes in GAMB. J. Safra Sarasin Holding AG grew its stake in Gambling.com Group by 7.5% during the first quarter. J. Safra Sarasin Holding AG now owns 36,900 shares of the company’s stock worth $466,000 after buying an additional 2,590 shares during the last quarter. Deutsche Bank AG raised its position in Gambling.com Group by 2,516.7% in the 1st quarter. Deutsche Bank AG now owns 14,444 shares of the company’s stock valued at $182,000 after purchasing an additional 13,892 shares during the last quarter. Simplex Trading LLC boosted its stake in Gambling.com Group by 191.0% in the first quarter. Simplex Trading LLC now owns 3,899 shares of the company’s stock worth $49,000 after purchasing an additional 2,559 shares in the last quarter. Nuveen LLC bought a new stake in shares of Gambling.com Group during the first quarter worth $234,000. Finally, HighTower Advisors LLC acquired a new stake in shares of Gambling.com Group in the first quarter valued at $337,000. 72.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Weiss Ratings downgraded shares of Gambling.com Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Saturday, October 25th. Truist Financial decreased their price target on shares of Gambling.com Group from $9.00 to $7.00 and set a “hold” rating on the stock in a research note on Friday, November 14th. Jefferies Financial Group dropped their price objective on shares of Gambling.com Group from $13.00 to $8.00 and set a “buy” rating for the company in a research report on Friday, November 14th. BTIG Research reiterated a “neutral” rating on shares of Gambling.com Group in a research report on Friday, November 14th. Finally, Zacks Research downgraded Gambling.com Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 1st. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.00.

Gambling.com Group Trading Up 5.1%

NASDAQ:GAMB opened at $5.39 on Friday. The firm has a market capitalization of $192.48 million, a price-to-earnings ratio of 107.82 and a beta of 0.85. Gambling.com Group Limited has a 1-year low of $4.60 and a 1-year high of $17.14. The business’s 50-day moving average price is $7.07 and its two-hundred day moving average price is $9.48. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.58.

Gambling.com Group (NASDAQ:GAMB) last announced its quarterly earnings results on Thursday, November 13th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.07. The company had revenue of $38.98 million during the quarter, compared to analysts’ expectations of $41.06 million. Gambling.com Group had a return on equity of 37.78% and a net margin of 1.23%. Gambling.com Group has set its FY 2025 guidance at EPS. On average, equities analysts expect that Gambling.com Group Limited will post 0.88 earnings per share for the current year.

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.