Gambling.com Group (NASDAQ:GAMB) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Gambling.com Group (NASDAQ:GAMBFree Report) from a sell rating to a hold rating in a research report report published on Sunday.

Other equities research analysts have also recently issued research reports about the company. Truist Financial decreased their price objective on Gambling.com Group from $6.00 to $5.00 and set a “hold” rating on the stock in a report on Thursday, March 12th. Glj Research set a $7.50 price objective on Gambling.com Group in a report on Thursday, March 12th. Weiss Ratings restated a “sell (d+)” rating on shares of Gambling.com Group in a report on Thursday, January 22nd. Stifel Nicolaus decreased their price objective on Gambling.com Group from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Thursday, April 9th. Finally, Benchmark restated a “speculative buy” rating and set a $4.00 price objective (down from $6.00) on shares of Gambling.com Group in a report on Friday. One 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 given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $7.38.

Get Our Latest Research Report on Gambling.com Group

Gambling.com Group Price Performance

GAMB stock opened at $2.40 on Friday. Gambling.com Group has a 52-week low of $2.31 and a 52-week high of $13.05. The stock’s fifty day simple moving average is $3.90 and its 200-day simple moving average is $4.76. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $84.24 million, a price-to-earnings ratio of -1.86 and a beta of 0.83.

Gambling.com Group (NASDAQ:GAMBGet Free Report) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.06). Gambling.com Group had a positive return on equity of 27.61% and a negative net margin of 27.44%.The business had revenue of $40.44 million for the quarter, compared to analyst estimates of $40.21 million. Equities research analysts expect that Gambling.com Group will post 0.32 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its holdings 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 valued at $62,000 after acquiring an additional 4,557 shares during the last quarter. SG Americas Securities LLC acquired a new position in Gambling.com Group in the fourth quarter valued at $65,000. Deutsche Bank AG boosted its holdings in Gambling.com Group by 3,262.2% in the fourth quarter. Deutsche Bank AG now owns 12,978 shares of the company’s stock valued at $71,000 after acquiring an additional 12,592 shares during the last quarter. Sherbrooke Park Advisers LLC acquired a new position in Gambling.com Group in the third quarter valued at $109,000. Finally, HRT Financial LP acquired a new position in Gambling.com Group in the fourth quarter valued at $88,000. Institutional investors and hedge funds own 72.26% of the company’s stock.

Key Stories Impacting Gambling.com Group

Here are the key news stories impacting Gambling.com Group this week:

About Gambling.com Group

(Get Free Report)

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.

See Also

Analyst Recommendations for Gambling.com Group (NASDAQ:GAMB)

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