Gambling.com Group (NASDAQ:GAMB) Stock Rating Upgraded by Zacks Research

Gambling.com Group (NASDAQ:GAMB) was upgraded by stock analysts at Zacks Research to a “hold” rating in a report issued on Monday,Zacks.com reports.

Several other research analysts also recently commented on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Gambling.com Group in a report on Thursday, January 22nd. Freedom Capital raised shares of Gambling.com Group to a “strong-buy” rating in a report on Tuesday, December 30th. Glj Research set a $7.50 target price on Gambling.com Group in a research report on Thursday, March 12th. Stifel Nicolaus cut their price target on Gambling.com Group from $12.00 to $8.00 and set a “buy” rating for the company in a report on Friday, March 13th. Finally, Loop Capital set a $8.50 price target on Gambling.com Group in a research 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 issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $7.88.

Gambling.com Group Trading Up 1.3%

Shares of Gambling.com Group stock opened at $3.88 on Monday. The stock has a market capitalization of $138.57 million, a P/E ratio of -4.08 and a beta of 0.88. Gambling.com Group has a 52-week low of $3.77 and a 52-week high of $14.95. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.46 and a current ratio of 1.21. The stock’s 50-day simple moving average is $4.52 and its 200 day simple moving average is $5.96.

Gambling.com Group (NASDAQ:GAMB) last issued 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. The firm had revenue of $46.24 million during 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%. As a group, research analysts anticipate that Gambling.com Group will post 0.88 EPS for the current year.

Institutional Trading of Gambling.com Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in Gambling.com Group by 0.9% in the 2nd quarter. Geode Capital Management LLC now owns 215,084 shares of the company’s stock valued at $2,557,000 after purchasing an additional 1,822 shares during the period. Stoneridge Investment Partners LLC increased its holdings in shares of Gambling.com Group by 9.1% in the third quarter. Stoneridge Investment Partners LLC now owns 26,021 shares of the company’s stock worth $213,000 after purchasing an additional 2,171 shares during the period. J. Safra Sarasin Holding AG raised its position in shares of Gambling.com Group by 5.9% in the fourth quarter. J. Safra Sarasin Holding AG now owns 46,300 shares of the company’s stock worth $253,000 after buying an additional 2,600 shares in the last quarter. AdvisorShares Investments LLC raised its position in shares of Gambling.com Group by 10.5% in the third quarter. AdvisorShares Investments LLC now owns 28,208 shares of the company’s stock worth $231,000 after buying an additional 2,688 shares in the last quarter. Finally, Aristides Capital LLC boosted its stake in Gambling.com Group by 9.0% during the fourth quarter. Aristides Capital LLC now owns 35,900 shares of the company’s stock valued at $196,000 after buying an additional 2,961 shares during the period. 72.26% of the stock is currently 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.