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

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

A number of other equities analysts have also weighed in on the stock. Loop Capital set a $8.50 price objective on shares of Gambling.com Group in a research report on Tuesday, December 30th. Benchmark cut their price objective on Gambling.com Group from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Friday, March 13th. Stifel Nicolaus cut their target price on shares of Gambling.com Group from $12.00 to $8.00 and set a “buy” rating on the stock in a research note on Friday, March 13th. Jefferies Financial Group reduced their price target on Gambling.com Group from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Friday, March 13th. Finally, Truist Financial cut their price objective on shares of Gambling.com Group from $6.00 to $5.00 and set a “hold” rating on the stock in a report on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Gambling.com Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.88.

Gambling.com Group Trading Down 1.6%

Shares of Gambling.com Group stock opened at $3.92 on Friday. Gambling.com Group has a 1 year low of $3.77 and a 1 year high of $14.95. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 0.46. The business has a 50 day moving average price of $4.47 and a 200 day moving average price of $5.91. The company has a market capitalization of $139.80 million, a P/E ratio of -4.12 and a beta of 0.88.

Gambling.com Group (NASDAQ:GAMB) last announced its earnings results on Thursday, March 12th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.10. The firm had revenue of $46.24 million for the quarter, compared to analysts’ expectations of $46.06 million. Gambling.com Group had a positive return on equity of 38.87% and a negative net margin of 19.90%. Sell-side analysts anticipate 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 institutional investors have recently modified their holdings of the stock. Millennium Management LLC lifted its position in shares of Gambling.com Group by 231.9% during the third quarter. Millennium Management LLC now owns 1,231,370 shares of the company’s stock worth $10,073,000 after purchasing an additional 860,369 shares during the last quarter. G2 Investment Partners Management LLC increased its holdings 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 buying an additional 747,559 shares during the last quarter. Boothbay Fund Management LLC raised its stake in Gambling.com Group by 225.2% during the second quarter. Boothbay Fund Management LLC now owns 669,989 shares of the company’s stock valued at $7,966,000 after buying an additional 463,993 shares in the last quarter. Divisadero Street Capital Management LP acquired a new stake in Gambling.com Group during the second quarter valued at approximately $3,635,000. Finally, Prescott Group Capital Management L.L.C. bought a new position in Gambling.com Group during the 4th quarter worth approximately $953,000. Institutional investors and hedge funds 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.