BTIG Research Reaffirms “Neutral” Rating for Gambling.com Group (NASDAQ:GAMB)

Gambling.com Group (NASDAQ:GAMB)‘s stock had its “neutral” rating reissued by stock analysts at BTIG Research in a report released on Friday, Marketbeat reports.

GAMB has been the subject of several other research reports. Zacks Research downgraded Gambling.com Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 1st. Stifel Nicolaus cut 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 shares of Gambling.com Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 16th. Jefferies Financial Group dropped their target price on shares of Gambling.com Group from $18.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, August 15th. Finally, Weiss Ratings downgraded shares of Gambling.com Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Saturday, October 25th. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $15.38.

Gambling.com Group Stock Performance

NASDAQ:GAMB traded down $0.19 during midday trading on Friday, reaching $5.07. The stock had a trading volume of 1,187,643 shares, compared to its average volume of 545,980. The stock has a market capitalization of $180.89 million, a P/E ratio of 12.67 and a beta of 0.85. Gambling.com Group has a 1-year low of $4.79 and a 1-year high of $17.14. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.59 and a quick ratio of 0.59. The firm’s fifty day simple moving average is $7.69 and its 200-day simple moving average is $10.05.

Gambling.com Group (NASDAQ:GAMB) last released its quarterly earnings results on Thursday, November 13th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.07. The company had revenue of $38.98 million during the quarter, compared to analysts’ expectations of $41.06 million. Gambling.com Group had a net margin of 9.66% and a return on equity of 38.04%. Gambling.com Group has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Gambling.com Group will post 0.88 EPS for the current fiscal year.

Institutional Investors Weigh In On Gambling.com Group

A number of hedge funds have recently made changes to their positions in the company. SBI Securities Co. Ltd. lifted its holdings in 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 valued at $29,000 after purchasing an additional 2,416 shares during the last quarter. Simplex Trading LLC grew its stake in Gambling.com Group by 191.0% during the first quarter. Simplex Trading LLC now owns 3,899 shares of the company’s stock worth $49,000 after buying an additional 2,559 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of 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 buying an additional 4,557 shares in the last quarter. Corsair Capital Management L.P. bought a new position in shares of Gambling.com Group in the second quarter valued at approximately $119,000. Finally, Deutsche Bank AG raised its stake in shares of Gambling.com Group by 2,516.7% in the first quarter. Deutsche Bank AG now owns 14,444 shares of the company’s stock valued at $182,000 after acquiring an additional 13,892 shares during the last quarter. Institutional investors and hedge funds 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.