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

Gambling.com Group (NASDAQ:GAMB) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Several other research analysts have also recently issued reports on GAMB. Weiss Ratings reiterated a “sell (d+)” rating on shares of Gambling.com Group in a research report on Thursday, January 22nd. Zacks Research upgraded shares of Gambling.com Group to a “hold” rating in a research report on Monday, March 16th. Glj Research set a $7.50 price target on shares of Gambling.com Group in a research note on Thursday, March 12th. Benchmark cut their price target on shares of Gambling.com Group from $7.00 to $6.00 and set a “buy” rating for the company in a report on Friday, March 13th. Finally, Jefferies Financial Group decreased their price objective 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 given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $7.88.

Gambling.com Group Stock Performance

NASDAQ GAMB opened at $3.92 on Friday. The stock has a market capitalization of $139.80 million, a price-to-earnings ratio of -4.12 and a beta of 0.88. The business’s 50 day moving average is $4.47 and its two-hundred day moving average is $5.91. Gambling.com Group has a 12-month low of $3.77 and a 12-month high of $14.95. The company has a current ratio of 1.21, a quick ratio of 0.46 and a debt-to-equity ratio of 1.04.

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

Institutional Trading of Gambling.com Group

Several large investors have recently bought and sold shares of the company. Aristides Capital LLC increased its position in shares of Gambling.com Group by 9.0% in the fourth quarter. Aristides Capital LLC now owns 35,900 shares of the company’s stock valued at $196,000 after buying an additional 2,961 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Gambling.com Group in the 4th quarter worth about $280,000. AQR Capital Management LLC grew its stake in Gambling.com Group by 27.8% in the 4th quarter. AQR Capital Management LLC now owns 137,077 shares of the company’s stock valued at $748,000 after acquiring an additional 29,854 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Gambling.com Group by 7.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 277,719 shares of the company’s stock valued at $1,518,000 after acquiring an additional 20,349 shares during the last quarter. Finally, Barclays PLC increased its holdings in Gambling.com Group by 31.1% during the 4th quarter. Barclays PLC now owns 119,396 shares of the company’s stock valued at $652,000 after acquiring an additional 28,323 shares in the last quarter. Institutional investors and hedge funds own 72.26% of the company’s stock.

Gambling.com Group Company Profile

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.