Punch & Associates Investment Management Inc. Reduces Position in Gambling.com Group Limited $GAMB

Key Points

• Punch & Associates Investment Management Inc. has reduced its stake in Gambling.com Group Limited by 39.1%, selling 372,380 shares and now holds approximately 1.67% of the company worth $7.33 million.
• Gambling.com Group's recent earnings report revealed $0.37 EPS, beating the consensus estimate of $0.12, with revenues of $39.59 million for the quarter.
• Several analysts have cut their price targets for Gambling.com Group, with average target now at $16.00 and a majority rating of "Moderate Buy".

Punch & Associates Investment Management Inc. decreased its holdings in shares of Gambling.com Group Limited (NASDAQ:GAMB - Free Report) by 39.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 580,900 shares of the company's stock after selling 372,380 shares during the period. Punch & Associates Investment Management Inc. owned approximately 1.67% of Gambling.com Group worth $7,331,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. PDT Partners LLC acquired a new position in Gambling.com Group during the 1st quarter worth approximately $365,000. Cubist Systematic Strategies LLC increased its position in Gambling.com Group by 185.5% during the 1st quarter. Cubist Systematic Strategies LLC now owns 193,686 shares of the company's stock worth $2,444,000 after purchasing an additional 125,834 shares during the period. Steamboat Capital Partners LLC increased its position in Gambling.com Group by 47.6% during the 1st quarter. Steamboat Capital Partners LLC now owns 147,422 shares of the company's stock worth $1,860,000 after purchasing an additional 47,517 shares during the period. Driehaus Capital Management LLC increased its position in Gambling.com Group by 47.4% during the 1st quarter. Driehaus Capital Management LLC now owns 750,454 shares of the company's stock worth $9,471,000 after purchasing an additional 241,386 shares during the period. Finally, Trexquant Investment LP acquired a new stake in shares of Gambling.com Group during the 1st quarter valued at approximately $1,249,000. Institutional investors and hedge funds own 72.26% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Truist Financial cut Gambling.com Group from a "buy" rating to a "hold" rating and lowered their target price for the company from $17.00 to $11.00 in a report on Friday, August 15th. Zacks Research lowered shares of Gambling.com Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 1st. Jefferies Financial Group cut their price objective on shares of Gambling.com Group from $18.00 to $15.00 and set a "buy" rating for the company in a research report on Friday, August 15th. Wall Street Zen lowered shares of Gambling.com Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. Finally, BTIG Research cut their price objective on shares of Gambling.com Group from $19.00 to $12.00 and set a "buy" rating for the company in a research report on Friday, August 15th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Gambling.com Group presently has a consensus rating of "Moderate Buy" and an average price target of $16.00.

Gambling.com Group Trading Up 2.4%

GAMB traded up $0.19 on Thursday, reaching $8.14. 619,088 shares of the company's stock were exchanged, compared to its average volume of 475,820. The company's 50 day moving average is $10.02 and its 200-day moving average is $11.65. The company has a market cap of $290.70 million, a price-to-earnings ratio of 20.35 and a beta of 0.89. Gambling.com Group Limited has a twelve month low of $7.93 and a twelve month high of $17.14. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.59 and a current ratio of 0.59.

Gambling.com Group (NASDAQ:GAMB - Get Free Report) last posted its earnings results on Thursday, August 14th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.25. The firm had revenue of $39.59 million during the quarter, compared to the consensus estimate of $38.93 million. Gambling.com Group had a net margin of 9.66% and a return on equity of 38.04%. Gambling.com Group has set its FY 2025 guidance at EPS. Equities analysts predict 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.