Gambling.com Group (NASDAQ:GAMB) Stock Rating Lowered by Wall Street Zen

Key Points

• Gambling.com Group (NASDAQ:GAMB) was downgraded from a "buy" rating to a "hold" rating by Wall Street Zen, reflecting a cautious outlook on its stock performance.
• The company reported positive quarterly earnings, beating analyst expectations with $0.37 earnings per share and revenue of $39.59 million.
• Analysts have set mixed price targets for GAMB, with Stifel Nicolaus reducing their target from $18.00 to $15.00, while others dropped their estimates to as low as $12.00.

Wall Street Zen lowered shares of Gambling.com Group (NASDAQ:GAMB - Free Report) from a buy rating to a hold rating in a research report sent to investors on Saturday.

Several other brokerages have also recently issued reports on GAMB. Truist Financial cut Gambling.com Group from a "buy" rating to a "hold" rating and lowered their price target for the company from $17.00 to $11.00 in a research report on Friday, August 15th. BTIG Research lowered their price target on Gambling.com Group from $19.00 to $12.00 and set a "buy" rating on the stock in a research report on Friday, August 15th. Stifel Nicolaus lowered their price target on Gambling.com Group from $18.00 to $15.00 and set a "buy" rating on the stock in a research report on Friday, August 15th. Finally, Jefferies Financial Group lowered their price target on Gambling.com Group from $18.00 to $15.00 and set a "buy" rating on the stock in a research report on Friday, August 15th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Gambling.com Group currently has an average rating of "Moderate Buy" and a consensus target price of $16.00.

Gambling.com Group Stock Performance

Gambling.com Group stock traded down $0.10 during mid-day trading on Friday, hitting $8.54. 236,248 shares of the company's stock traded hands, compared to its average volume of 452,646. The firm has a 50 day moving average price of $11.13 and a 200 day moving average price of $12.45. The company has a quick ratio of 1.06, a current ratio of 0.59 and a debt-to-equity ratio of 0.57. The company has a market cap of $304.96 million, a PE ratio of 21.33 and a beta of 0.91. Gambling.com Group has a one year low of $8.46 and a one year high of $17.14.

Gambling.com Group (NASDAQ:GAMB - Get Free Report) last announced its earnings results on Thursday, August 14th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.25. Gambling.com Group had a return on equity of 38.04% and a net margin of 9.66%.The firm 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. On average, equities analysts forecast that Gambling.com Group will post 0.88 EPS for the current year.

Hedge Funds Weigh In On Gambling.com Group

A number of hedge funds have recently modified their holdings of GAMB. State of Wyoming acquired a new stake in shares of Gambling.com Group in the second quarter worth $220,000. Hohimer Wealth Management LLC acquired a new stake in shares of Gambling.com Group in the second quarter worth $190,000. Tower Research Capital LLC TRC boosted its position in shares of Gambling.com Group by 653.8% in the second quarter. Tower Research Capital LLC TRC now owns 5,254 shares of the company's stock worth $62,000 after buying an additional 4,557 shares during the period. Man Group plc acquired a new stake in shares of Gambling.com Group in the second quarter worth $390,000. Finally, G2 Investment Partners Management LLC boosted its position in shares of Gambling.com Group by 70.9% in the second quarter. G2 Investment Partners Management LLC now owns 1,802,443 shares of the company's stock worth $21,431,000 after buying an additional 747,559 shares during the period. 72.26% of the stock is currently owned by institutional investors and hedge funds.

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.