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

Wall Street Zen downgraded shares of Gambling.com Group (NASDAQ:GAMB) from a hold rating to a sell rating in a research report sent to investors on Saturday.

A number of other brokerages have also recently weighed in on GAMB. Glj Research set a $7.50 target price on Gambling.com Group in a report on Thursday, March 12th. Freedom Capital upgraded Gambling.com Group to a “strong-buy” rating in a research note on Tuesday, December 30th. Zacks Research upgraded Gambling.com Group to a “hold” rating in a report on Monday, March 16th. Stifel Nicolaus reduced their price objective on 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. Finally, Loop Capital set a $8.50 target price on Gambling.com Group in a report on Tuesday, December 30th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $7.88.

Gambling.com Group Stock Performance

Shares of GAMB stock opened at $4.08 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market capitalization of $143.21 million, a price-to-earnings ratio of -4.29 and a beta of 0.88. Gambling.com Group has a one year low of $3.77 and a one year high of $14.95. The company has a 50 day moving average price of $4.45 and a 200 day moving average price of $5.85.

Gambling.com Group (NASDAQ:GAMB) last announced its quarterly earnings results on Thursday, March 12th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.10. The company had revenue of $46.24 million for the quarter, compared to analyst estimates of $46.06 million. Gambling.com Group had a negative net margin of 19.90% and a positive return on equity of 38.87%. Sell-side analysts anticipate that Gambling.com Group will post 0.88 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC boosted its position in shares of Gambling.com Group by 103.4% in the first quarter. Jane Street Group LLC now owns 83,969 shares of the company’s stock worth $1,060,000 after buying an additional 42,678 shares during the period. Geode Capital Management LLC raised its holdings in shares of Gambling.com Group by 0.9% during the 2nd quarter. Geode Capital Management LLC now owns 215,084 shares of the company’s stock valued at $2,557,000 after buying an additional 1,822 shares during the period. Creative Planning lifted its position in Gambling.com Group by 76.2% during the 2nd quarter. Creative Planning now owns 62,836 shares of the company’s stock worth $747,000 after acquiring an additional 27,171 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Gambling.com Group during the 2nd quarter worth approximately $512,000. Finally, Magnetar Financial LLC purchased a new position in Gambling.com Group in the 2nd quarter worth approximately $503,000. 72.26% of the stock is owned by hedge funds and other institutional investors.

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.