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

Gambling.com Group (NASDAQ:GAMB) issued its quarterly earnings data on Friday. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.06), Zacks reports. The business had revenue of $40.44 million during the quarter, compared to analyst estimates of $40.21 million. Gambling.com Group had a negative net margin of 27.44% and a positive return on equity of 27.61%.

Gambling.com Group Trading Up 0.4%

Shares of NASDAQ:GAMB traded up $0.01 during midday trading on Thursday, reaching $2.47. 694,630 shares of the company’s stock were exchanged, compared to its average volume of 1,437,505. The firm’s 50 day simple moving average is $3.75 and its two-hundred day simple moving average is $4.63. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.31 and a quick ratio of 1.31. The stock has a market cap of $86.70 million, a price-to-earnings ratio of -1.91 and a beta of 0.83. Gambling.com Group has a fifty-two week low of $2.23 and a fifty-two week high of $12.74.

Institutional Trading of Gambling.com Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its position in shares of Gambling.com Group by 653.8% during the second quarter. Tower Research Capital LLC TRC now owns 5,254 shares of the company’s stock worth $62,000 after buying an additional 4,557 shares in the last quarter. Deutsche Bank AG increased its stake in shares of Gambling.com Group by 3,262.2% during the fourth quarter. Deutsche Bank AG now owns 12,978 shares of the company’s stock worth $71,000 after buying an additional 12,592 shares during the period. Sherbrooke Park Advisers LLC acquired a new stake in Gambling.com Group in the third quarter valued at approximately $109,000. HRT Financial LP acquired a new stake in Gambling.com Group in the fourth quarter valued at approximately $88,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Gambling.com Group in the fourth quarter valued at approximately $99,000. Hedge funds and other institutional investors own 72.26% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on GAMB shares. Truist Financial lowered their price target on shares of Gambling.com Group from $6.00 to $5.00 and set a “hold” rating on the stock in a research report on Thursday, March 12th. Zacks Research upgraded shares of Gambling.com Group to a “hold” rating in a report on Monday, March 16th. Wall Street Zen raised shares of Gambling.com Group from a “sell” rating to a “hold” rating in a research note on Sunday. Stifel Nicolaus lowered their target price on Gambling.com Group from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Thursday, April 9th. Finally, Benchmark restated a “speculative buy” rating and issued a $4.00 price target (down from $6.00) on shares of Gambling.com Group in a research report on Friday, May 15th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $7.38.

About Gambling.com Group

Gambling.com Group is a digital performance marketing company specializing in the online gambling industry. Through a diversified portfolio of affiliate websites, the company generates leads and traffic for operators in segments such as sports betting, online casino, poker, bingo and daily fantasy sports. Its platforms offer in-depth reviews, expert guides, comparison tools and editorial content designed to help players make informed choices and drive conversions for partner brands.

The group’s service offerings include search engine optimization, pay-per-click campaigns, display advertising, email marketing and social media management.