Gambling.com Group (NASDAQ:GAMB) Announces Earnings Results, Beats Estimates By $0.25 EPS

Key Points

• Gambling.com Group reported earnings of $0.37 EPS for the quarter, surpassing the consensus estimate of $0.12 by $0.25.
• Shares of Gambling.com Group fell by 17.1% following the earnings release, trading at $8.61.
• The company has received an average rating of "Moderate Buy" from analysts, with a consensus price target of $16.00.

Gambling.com Group (NASDAQ:GAMB - Get Free Report) released its earnings results on Thursday. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.12 by $0.25, Zacks reports. Gambling.com Group had a return on equity of 38.59% and a net margin of 9.66%. The firm had revenue of $39.59 million during the quarter, compared to analysts' expectations of $38.93 million. Gambling.com Group updated its FY 2025 guidance to EPS.

Gambling.com Group Stock Down 17.1%

Shares of NASDAQ:GAMB traded down $1.77 during trading on Friday, hitting $8.61. 4,443,953 shares of the company were exchanged, compared to its average volume of 498,327. The stock has a market capitalization of $299.28 million, a P/E ratio of 21.53 and a beta of 0.91. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.06 and a quick ratio of 1.06. Gambling.com Group has a 12-month low of $8.50 and a 12-month high of $17.14. The firm's 50 day moving average price is $11.27 and its 200-day moving average price is $12.54.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC lifted its stake in Gambling.com Group by 0.9% in the second 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. Tower Research Capital LLC TRC grew its position in shares of 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 during the last quarter. Engineers Gate Manager LP increased its holdings in shares of Gambling.com Group by 55.6% in the 2nd quarter. Engineers Gate Manager LP now owns 44,686 shares of the company's stock valued at $531,000 after acquiring an additional 15,964 shares during the period. Jump Financial LLC purchased a new stake in Gambling.com Group in the 2nd quarter valued at $283,000. Finally, Man Group plc acquired a new stake in Gambling.com Group during the 2nd quarter worth $390,000. 72.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on GAMB shares. Wall Street Zen raised Gambling.com Group from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. Truist Financial downgraded shares of Gambling.com Group from a "buy" rating to a "hold" rating and decreased their price target for the stock from $17.00 to $11.00 in a research note on Friday. Stifel Nicolaus lowered their price target on shares of Gambling.com Group from $18.00 to $15.00 and set a "buy" rating for the company in a report on Friday. Jefferies Financial Group reduced their price objective on shares of Gambling.com Group from $18.00 to $15.00 and set a "buy" rating on the stock in a report on Friday. Finally, BTIG Research decreased 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. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $16.00.

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.

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