Gambling.com Group’s (GAMB) Neutral Rating Reaffirmed at BTIG Research

Gambling.com Group (NASDAQ:GAMB)‘s stock had its “neutral” rating reiterated by equities research analysts at BTIG Research in a research report issued to clients and investors on Friday, MarketBeat reports.

Other equities analysts also recently issued research reports about the company. Stifel Nicolaus dropped their target price on Gambling.com Group from $18.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, August 15th. Wall Street Zen lowered shares of Gambling.com Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 16th. Truist Financial cut their target price on shares of Gambling.com Group from $11.00 to $9.00 and set a “hold” rating for the company in a research report on Tuesday, October 21st. Zacks Research cut shares of Gambling.com Group from a “strong-buy” rating to a “hold” rating in a report on Monday, September 1st. Finally, Weiss Ratings downgraded shares of Gambling.com Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Saturday, October 25th. Six investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.38.

Gambling.com Group Stock Down 3.5%

Shares of GAMB traded down $0.19 during mid-day trading on Friday, reaching $5.07. The company’s stock had a trading volume of 1,187,643 shares, compared to its average volume of 545,980. The company has a market cap of $180.89 million, a price-to-earnings ratio of 12.67 and a beta of 0.85. The business has a fifty day moving average of $7.69 and a 200 day moving average of $10.05. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.57. Gambling.com Group has a 1 year low of $4.79 and a 1 year high of $17.14.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. G2 Investment Partners Management LLC boosted 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 worth $21,431,000 after purchasing an additional 747,559 shares in the last quarter. AWM Investment Company Inc. lifted its position in shares of Gambling.com Group by 0.3% in the second quarter. AWM Investment Company Inc. now owns 1,494,915 shares of the company’s stock worth $17,775,000 after buying an additional 5,000 shares during the last quarter. Driehaus Capital Management LLC lifted its position in shares of Gambling.com Group by 47.4% in the first quarter. Driehaus Capital Management LLC now owns 750,454 shares of the company’s stock worth $9,471,000 after buying an additional 241,386 shares during the last quarter. Boothbay Fund Management LLC boosted its stake in shares of Gambling.com Group by 225.2% during the 2nd quarter. Boothbay Fund Management LLC now owns 669,989 shares of the company’s stock worth $7,966,000 after acquiring an additional 463,993 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Gambling.com Group by 3.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 632,330 shares of the company’s stock valued at $5,173,000 after acquiring an additional 19,592 shares during the last quarter. Institutional investors own 72.26% of the company’s stock.

Gambling.com Group Company Profile

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.