Gambling.com Group (NASDAQ:GAMB) Lowered to Sell Rating by Wall Street Zen

Wall Street Zen lowered shares of Gambling.com Group (NASDAQ:GAMB) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.

A number of other brokerages have also weighed in on GAMB. Jefferies Financial Group reduced their target price on shares of Gambling.com Group from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Friday, March 13th. Stifel Nicolaus reduced their target price on shares of Gambling.com Group from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Thursday, April 9th. Glj Research set a $7.50 target price on shares of Gambling.com Group in a research note on Thursday, March 12th. Truist Financial reduced their target price on shares of Gambling.com Group from $6.00 to $5.00 and set a “hold” rating for the company in a research note on Thursday, March 12th. Finally, Zacks Research raised shares of Gambling.com Group to a “hold” rating in a research note on Monday, March 16th. One investment 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.63.

Gambling.com Group Price Performance

Shares of NASDAQ GAMB opened at $4.51 on Friday. The firm has a market cap of $158.30 million, a PE ratio of -4.75 and a beta of 0.83. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04. Gambling.com Group has a 1-year low of $3.51 and a 1-year high of $14.95. The company has a fifty day moving average price of $3.94 and a 200 day moving average price of $4.92.

Gambling.com Group (NASDAQ:GAMB) last announced its earnings results on Thursday, March 12th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.10. The firm had revenue of $46.24 million during the quarter, compared to analyst estimates of $46.06 million. Gambling.com Group had a negative net margin of 19.90% and a positive return on equity of 38.87%. Research analysts predict that Gambling.com Group will post 0.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Gambling.com Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its stake in Gambling.com Group by 0.9% in the 2nd quarter. Geode Capital Management LLC now owns 215,084 shares of the company’s stock valued at $2,557,000 after buying an additional 1,822 shares during the last quarter. Stoneridge Investment Partners LLC increased its stake in Gambling.com Group by 9.1% in the 3rd quarter. Stoneridge Investment Partners LLC now owns 26,021 shares of the company’s stock valued at $213,000 after buying an additional 2,171 shares during the last quarter. J. Safra Sarasin Holding AG increased its stake in Gambling.com Group by 5.9% in the 4th quarter. J. Safra Sarasin Holding AG now owns 46,300 shares of the company’s stock valued at $253,000 after buying an additional 2,600 shares during the last quarter. AdvisorShares Investments LLC increased its stake in Gambling.com Group by 10.5% in the 3rd quarter. AdvisorShares Investments LLC now owns 28,208 shares of the company’s stock valued at $231,000 after buying an additional 2,688 shares during the last quarter. Finally, Aristides Capital LLC grew its position in shares of Gambling.com Group by 9.0% in the 4th quarter. Aristides Capital LLC now owns 35,900 shares of the company’s stock valued at $196,000 after acquiring an additional 2,961 shares during the period. 72.26% of the stock is currently owned by institutional investors and hedge funds.

Gambling.com Group Company Profile

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.