Zacks Research Downgrades Gambling.com Group (NASDAQ:GAMB) to Hold

Key Points

• Gambling.com Group has been downgraded by analysts at Zacks Research from a "strong-buy" to a "hold" rating, amid changes in the company's market outlook.
• Several other firms, including Truist Financial and BTIG Research, have also adjusted their ratings and price targets, reflecting a shift in investor sentiment.
• Despite the downgrades, Gambling.com Group outperformed earnings expectations for the last quarter, reporting $0.37 earnings per share compared to the anticipated $0.12.

Zacks Research downgraded shares of Gambling.com Group (NASDAQ:GAMB - Free Report) from a strong-buy rating to a hold rating in a report published on Monday,Zacks.com reports.

Several other equities analysts also recently weighed in on the company. Jefferies Financial Group reduced their price target on Gambling.com Group from $18.00 to $15.00 and set a "buy" rating for the company in a report on Friday, August 15th. Wall Street Zen downgraded Gambling.com Group from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Truist Financial downgraded Gambling.com Group from a "buy" rating to a "hold" rating and reduced their price target for the company from $17.00 to $11.00 in a report on Friday, August 15th. BTIG Research reduced their price target on Gambling.com Group from $19.00 to $12.00 and set a "buy" rating for the company in a report on Friday, August 15th. Finally, Stifel Nicolaus reduced their price objective on Gambling.com Group from $18.00 to $15.00 and set a "buy" rating for the company in a report on Friday, August 15th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, Gambling.com Group presently has an average rating of "Moderate Buy" and a consensus price target of $16.00.

Gambling.com Group Stock Up 0.5%

GAMB traded up $0.04 during trading on Monday, reaching $8.26. The stock had a trading volume of 714,268 shares, compared to its average volume of 956,675. The stock's 50 day moving average is $10.25 and its two-hundred day moving average is $11.78. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $294.96 million, a price-to-earnings ratio of 20.65 and a beta of 0.89. Gambling.com Group has a one year low of $8.03 and a one year high of $17.14.

Gambling.com Group (NASDAQ:GAMB - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $39.59 million during the quarter, compared to the consensus estimate of $38.93 million. Gambling.com Group had a return on equity of 38.04% and a net margin of 9.66%. Gambling.com Group has set its FY 2025 guidance at EPS. As a group, analysts expect that Gambling.com Group will post 0.88 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Northern Trust Corp boosted its position in Gambling.com Group by 0.9% in the fourth quarter. Northern Trust Corp now owns 109,928 shares of the company's stock worth $1,548,000 after purchasing an additional 1,003 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Gambling.com Group by 0.9% during the 2nd 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 in the last quarter. AdvisorShares Investments LLC lifted its position in shares of Gambling.com Group by 8.0% during the 2nd quarter. AdvisorShares Investments LLC now owns 25,520 shares of the company's stock valued at $303,000 after buying an additional 1,900 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Gambling.com Group by 1.7% during the 4th quarter. Ameriprise Financial Inc. now owns 120,007 shares of the company's stock valued at $1,690,000 after buying an additional 2,017 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its position in shares of Gambling.com Group by 14.8% during the 1st quarter. Hsbc Holdings PLC now owns 17,834 shares of the company's stock valued at $224,000 after buying an additional 2,302 shares in the last quarter. 72.26% of the stock is owned by hedge funds and other institutional investors.

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.