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

Gambling.com Group (NASDAQ:GAMB) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Other equities research analysts have also issued reports about the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Gambling.com Group in a research report on Thursday, January 22nd. Jefferies Financial Group cut their price objective on Gambling.com Group from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Friday, March 13th. Stifel Nicolaus reduced their price objective 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. Truist Financial decreased 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 report on Thursday, March 12th. Finally, Zacks Research raised shares of Gambling.com Group to a “hold” rating in a research report on Monday, March 16th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $7.63.

Gambling.com Group Price Performance

GAMB stock 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. Gambling.com Group has a 12 month low of $3.51 and a 12 month high of $14.95. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a 50 day simple moving average of $3.94 and a 200 day simple moving average of $4.92.

Gambling.com Group (NASDAQ:GAMB) last posted its quarterly earnings results on Thursday, March 12th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.10. Gambling.com Group had a positive return on equity of 38.87% and a negative net margin of 19.90%.The company had revenue of $46.24 million for the quarter, compared to analysts’ expectations of $46.06 million. Equities research analysts forecast that Gambling.com Group will post 0.32 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Gambling.com Group

Large investors have recently made changes to their positions in the business. Millennium Management LLC boosted its holdings in shares of Gambling.com Group by 231.9% during the third quarter. Millennium Management LLC now owns 1,231,370 shares of the company’s stock worth $10,073,000 after purchasing an additional 860,369 shares during the period. Dimensional Fund Advisors LP lifted its position in Gambling.com Group by 3.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 632,330 shares of the company’s stock worth $5,173,000 after buying an additional 19,592 shares in the last quarter. Punch & Associates Investment Management Inc. boosted its stake in shares of Gambling.com Group by 1.7% during the 3rd quarter. Punch & Associates Investment Management Inc. now owns 628,315 shares of the company’s stock valued at $5,140,000 after buying an additional 10,415 shares during the period. Tocqueville Asset Management L.P. grew its holdings in shares of Gambling.com Group by 57.3% during the 4th quarter. Tocqueville Asset Management L.P. now owns 365,000 shares of the company’s stock valued at $1,993,000 after acquiring an additional 133,000 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its stake in shares of Gambling.com Group by 55.2% in the third quarter. Qube Research & Technologies Ltd now owns 300,483 shares of the company’s stock worth $2,458,000 after acquiring an additional 106,920 shares during the last quarter. Institutional investors and hedge funds own 72.26% of the company’s stock.

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.