Gambling.com Group Limited $GAMB Holdings Lowered by Punch & Associates Investment Management Inc.

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. cut its stake in Gambling.com Group Limited (NASDAQ:GAMB - Free Report) by 39.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 1.67% of Gambling.com Group worth $7,331,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Simplex Trading LLC increased its holdings in shares of Gambling.com Group by 191.0% in the 1st quarter. Simplex Trading LLC now owns 3,899 shares of the company's stock worth $49,000 after acquiring an additional 2,559 shares during the period. Wells Fargo & Company MN grew its position in Gambling.com Group by 47.9% in the 4th quarter. Wells Fargo & Company MN now owns 11,300 shares of the company's stock worth $159,000 after purchasing an additional 3,660 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Gambling.com Group in the fourth quarter valued at approximately $197,000. Summit Trail Advisors LLC acquired a new stake in Gambling.com Group in the 1st quarter valued at approximately $177,000. Finally, Deutsche Bank AG raised its stake in Gambling.com Group by 2,516.7% during the 1st quarter. Deutsche Bank AG now owns 14,444 shares of the company's stock valued at $182,000 after acquiring an additional 13,892 shares in the last quarter. 72.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on GAMB shares. Zacks Research cut Gambling.com Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 1st. BTIG Research decreased their target price 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. Jefferies Financial Group lowered their target price on shares of Gambling.com Group from $18.00 to $15.00 and set a "buy" rating on the stock in a research note on Friday, August 15th. Truist Financial lowered shares of Gambling.com Group from a "buy" rating to a "hold" rating and reduced their price target for the stock from $17.00 to $11.00 in a research note on Friday, August 15th. Finally, Wall Street Zen cut shares of Gambling.com Group from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $16.00.

Gambling.com Group Price Performance

NASDAQ GAMB traded down $0.09 on Tuesday, reaching $8.13. The company's stock had a trading volume of 521,101 shares, compared to its average volume of 964,087. Gambling.com Group Limited has a twelve month low of $8.03 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. The firm's 50 day moving average is $10.10 and its two-hundred day moving average is $11.68. The stock has a market cap of $290.32 million, a PE ratio of 20.33 and a beta of 0.89.

Gambling.com Group (NASDAQ:GAMB - Get Free Report) last released its earnings results on Thursday, August 14th. The company reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.25. Gambling.com Group had a net margin of 9.66% and a return on equity of 38.04%. The business had revenue of $39.59 million for the quarter, compared to the consensus estimate of $38.93 million. Gambling.com Group has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Gambling.com Group Limited will post 0.88 EPS for the current year.

Gambling.com Group Company Profile

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.