Gambling.com Group (NASDAQ:GAMB) Trading Down 6.6% – Time to Sell?

Gambling.com Group Limited (NASDAQ:GAMB) shares traded down 6.6% during trading on Friday . The stock traded as low as $2.39 and last traded at $2.42. 864,290 shares were traded during trading, a decline of 14% from the average session volume of 1,009,166 shares. The stock had previously closed at $2.59.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. 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 report on Thursday, March 12th. 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 report 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 report on Thursday, April 9th. Zacks Research upgraded shares of Gambling.com Group to a “hold” rating in a report on Monday, March 16th. Finally, Benchmark restated a “speculative buy” rating and set a $4.00 target price (down from $6.00) on shares of Gambling.com Group in a report on Friday, May 15th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Gambling.com Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.38.

Gambling.com Group Price Performance

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 company’s 50-day simple moving average is $3.26 and its 200-day simple moving average is $4.24. The stock has a market capitalization of $84.94 million, a P/E ratio of -1.88 and a beta of 0.70.

Gambling.com Group (NASDAQ:GAMB) last posted its quarterly earnings results on Friday, May 15th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.06). Gambling.com Group had a positive return on equity of 27.61% and a negative net margin of 27.44%.The firm had revenue of $40.44 million for the quarter, compared to the consensus estimate of $40.21 million. As a group, sell-side analysts expect that Gambling.com Group Limited will post 0.14 EPS for the current fiscal year.

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 raised its position in 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 acquiring an additional 4,557 shares in the last quarter. SG Americas Securities LLC bought a new stake in Gambling.com Group during the fourth quarter worth $65,000. Deutsche Bank AG raised its position in 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 acquiring an additional 12,592 shares in the last quarter. HRT Financial LP bought a new stake in Gambling.com Group during the fourth quarter worth $88,000. Finally, Royal Bank of Canada raised its position in Gambling.com Group by 827.6% during the first quarter. Royal Bank of Canada now owns 25,185 shares of the company’s stock worth $98,000 after acquiring an additional 22,470 shares in the last quarter. 72.26% of the stock is owned by institutional investors.

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.