Gambling.com Group (NASDAQ:GAMB) Stock Rating Upgraded by Wall Street Zen

Gambling.com Group (NASDAQ:GAMB) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

A number of other research firms have also weighed in on GAMB. Weiss Ratings reiterated a “sell (d+)” rating on shares of Gambling.com Group in a research note on Thursday, January 22nd. Truist Financial cut their price target on Gambling.com Group from $6.00 to $5.00 and set a “hold” rating on the stock in a research note on Thursday, March 12th. Freedom Capital upgraded Gambling.com Group to a “strong-buy” rating in a research note on Tuesday, December 30th. Stifel Nicolaus cut their price target on Gambling.com Group from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Benchmark dropped their target price on shares of Gambling.com Group from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Friday, March 13th. One equities research 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $7.63.

Gambling.com Group Stock Performance

GAMB stock opened at $3.61 on Friday. 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 business’s fifty day simple moving average is $4.14 and its two-hundred day simple moving average is $5.41. Gambling.com Group has a twelve month low of $3.58 and a twelve month high of $14.95. The firm has a market cap of $126.71 million, a price-to-earnings ratio of -3.80 and a beta of 0.91.

Gambling.com Group (NASDAQ:GAMB) last released its earnings results on Thursday, March 12th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $46.06 million. Analysts predict that Gambling.com Group will post 0.88 earnings per share for the current year.

Hedge Funds Weigh In On Gambling.com Group

Large investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC raised its stake in Gambling.com Group by 653.8% in 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. SG Americas Securities LLC bought a new stake in Gambling.com Group during the fourth quarter valued at about $65,000. Deutsche Bank AG boosted its position in Gambling.com Group by 3,262.2% during the fourth quarter. Deutsche Bank AG now owns 12,978 shares of the company’s stock valued at $71,000 after purchasing an additional 12,592 shares in the last quarter. Sherbrooke Park Advisers LLC bought a new stake in Gambling.com Group during the third quarter valued at about $109,000. Finally, Hohimer Wealth Management LLC bought a new stake in Gambling.com Group during the second quarter valued at about $190,000. Institutional investors own 72.26% of the company’s stock.

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.