Gambling.com Group (NASDAQ:GAMB) Cut to “Sell (D+)” at Weiss Ratings

Weiss Ratings downgraded shares of Gambling.com Group (NASDAQ:GAMB) from a hold (c-) rating to a sell (d+) rating in a research note issued to investors on Saturday morning,Weiss Ratings reports.

Several other brokerages have also weighed in on GAMB. Wall Street Zen lowered Gambling.com Group from a “buy” rating to a “hold” rating in a report on Saturday, August 16th. Stifel Nicolaus decreased their price objective on Gambling.com Group from $18.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, August 15th. BTIG Research decreased their price objective on Gambling.com Group from $19.00 to $12.00 and set a “buy” rating on the stock in a report on Friday, August 15th. Jefferies Financial Group decreased their price objective on Gambling.com Group from $18.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, August 15th. Finally, Truist Financial decreased their price objective on Gambling.com Group from $11.00 to $9.00 and set a “hold” rating on the stock in a report on Tuesday, October 21st. Seven investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Gambling.com Group presently has an average rating of “Moderate Buy” and an average price target of $15.75.

Gambling.com Group Stock Performance

GAMB opened at $7.68 on Friday. The firm has a market capitalization of $274.25 million, a P/E ratio of 19.20 and a beta of 0.87. The stock’s 50 day moving average price is $8.12 and its two-hundred day moving average price is $10.51. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.57. Gambling.com Group has a 12-month low of $7.36 and a 12-month high of $17.14.

Gambling.com Group (NASDAQ:GAMB) last released its earnings results on Thursday, August 14th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.25. The firm had revenue of $39.59 million for the quarter, compared to analyst estimates 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. On average, equities analysts forecast that Gambling.com Group will post 0.88 earnings per share for the current year.

Hedge Funds Weigh In On Gambling.com Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. lifted its position in shares of Gambling.com Group by 21,963.6% during the 2nd quarter. SBI Securities Co. Ltd. now owns 2,427 shares of the company’s stock worth $29,000 after buying an additional 2,416 shares during the period. Simplex Trading LLC raised its position in Gambling.com Group by 191.0% in the 1st quarter. Simplex Trading LLC now owns 3,899 shares of the company’s stock valued at $49,000 after purchasing an additional 2,559 shares during the last quarter. Tower Research Capital LLC TRC raised its position in Gambling.com Group by 653.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,254 shares of the company’s stock valued at $62,000 after purchasing an additional 4,557 shares during the last quarter. Corsair Capital Management L.P. bought a new position in Gambling.com Group in the 2nd quarter valued at $119,000. Finally, Summit Trail Advisors LLC bought a new position in Gambling.com Group in the 1st quarter valued at $177,000. Institutional investors own 72.26% of the company’s stock.

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.