Gambling.com Group (NASDAQ:GAMB) Upgraded by Wall Street Zen to "Hold" Rating

Key Points

• Wall Street Zen recently upgraded Gambling.com Group (NASDAQ:GAMB) from a "sell" to a "hold" rating.
• Analyst coverage is mixed — one Strong Buy, four Buy, three Hold and one Sell — but the consensus is a Moderate Buy with an average price target of $7.63.
• The company beat the quarter ($0.30 EPS vs. $0.20 expected; $46.24M revenue vs. $46.06M) but remains unprofitable (net margin -19.9%) and its shares trade near $3.61, well below the 12‑month high of $14.95.

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

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

Gambling.com Group Price Performance

GAMB opened at $3.61 on Friday. The company has a market capitalization of $126.71 million, a price-to-earnings ratio of -3.80 and a beta of 0.91. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.04. The firm has a 50-day moving average price of $4.14 and a 200-day moving average price of $5.45. Gambling.com Group has a twelve month low of $3.58 and a twelve month high of $14.95.

Gambling.com Group (NASDAQ:GAMB - Get Free Report) last posted its earnings results on Thursday, March 12th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.10. The firm had revenue of $46.24 million during the quarter, compared to the consensus estimate of $46.06 million. Gambling.com Group had a negative net margin of 19.90% and a positive return on equity of 38.87%. Equities analysts expect that Gambling.com Group will post 0.88 EPS for the current year.

Institutional Investors Weigh In On Gambling.com Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. G2 Investment Partners Management LLC raised its stake in 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 valued at $21,431,000 after purchasing an additional 747,559 shares in the last quarter. Boothbay Fund Management LLC raised its stake in Gambling.com Group by 225.2% in the second quarter. Boothbay Fund Management LLC now owns 669,989 shares of the company's stock valued at $7,966,000 after purchasing an additional 463,993 shares in the last quarter. Gabelli Funds LLC raised its stake in Gambling.com Group by 100.0% in the fourth quarter. Gabelli Funds LLC now owns 56,000 shares of the company's stock valued at $306,000 after purchasing an additional 28,000 shares in the last quarter. Prescott Group Capital Management L.L.C. purchased a new stake in Gambling.com Group in the fourth quarter valued at approximately $953,000. Finally, State of Alaska Department of Revenue raised its stake in Gambling.com Group by 2,253.7% in the fourth quarter. State of Alaska Department of Revenue now owns 26,620 shares of the company's stock valued at $145,000 after purchasing an additional 25,489 shares in the last quarter. 72.26% of the stock is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.