Gambling.com Group (NASDAQ:GAMB) Downgraded by Wall Street Zen to Sell

Key Points

• Wall Street Zen downgraded Gambling.com Group from “hold” to “sell,” adding to a mixed analyst picture that still averages to a “Moderate Buy” rating with a $7.63 price target.
• The stock was up 2.0% to $4.51 on Friday, giving the company a market cap of about $158.3 million, while it remains well below its 52-week high of $14.95.
• In its latest quarterly results, Gambling.com beat earnings and revenue estimates, reporting EPS of $0.30 versus $0.20 expected and revenue of $46.24 million versus $46.06 million expected.

Gambling.com Group (NASDAQ:GAMB - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued to investors on Saturday.

Several other equities analysts have also recently commented on the company. Glj Research set a $7.50 target price on Gambling.com Group in a research note on Thursday, March 12th. Zacks Research upgraded Gambling.com Group to a "hold" rating in a research note on Monday, March 16th. Weiss Ratings reiterated a "sell (d+)" rating on shares of Gambling.com Group in a research note on Thursday, January 22nd. Truist Financial reduced their target price on Gambling.com Group from $6.00 to $5.00 and set a "hold" rating for the company in a research note on Thursday, March 12th. Finally, Jefferies Financial Group reduced their target price on Gambling.com Group from $8.00 to $7.00 and set a "buy" rating for the company in a research note on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Gambling.com Group has an average rating of "Moderate Buy" and an average price target of $7.63.

Gambling.com Group Stock Up 2.0%

NASDAQ GAMB opened at $4.51 on Friday. The stock has a market cap of $158.30 million, a PE ratio of -4.75 and a beta of 0.83. Gambling.com Group has a fifty-two week low of $3.51 and a fifty-two week high of $14.95. The business has a 50 day moving average price of $3.94 and a two-hundred day moving average price of $4.92. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04.

Gambling.com Group (NASDAQ:GAMB - Get Free Report) last released its quarterly earnings results on Thursday, March 12th. The company reported $0.30 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.10. The firm had revenue of $46.24 million during the quarter, compared to analysts' expectations of $46.06 million. Gambling.com Group had a positive return on equity of 38.87% and a negative net margin of 19.90%. As a group, sell-side analysts predict that Gambling.com Group will post 0.32 EPS for the current fiscal year.

Hedge Funds Weigh In On Gambling.com Group

Several institutional investors and hedge funds have recently made changes to their positions in GAMB. Tower Research Capital LLC TRC lifted its stake 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 purchasing an additional 4,557 shares during the last quarter. SG Americas Securities LLC bought a new position in Gambling.com Group during the fourth quarter worth $65,000. Deutsche Bank AG lifted its stake 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 purchasing an additional 12,592 shares during the last quarter. HRT Financial LP bought a new position in Gambling.com Group during the fourth quarter worth $88,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Gambling.com Group during the fourth quarter worth $99,000. 72.26% of the stock is currently owned by hedge funds and other 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.

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