Gambling.com Group (NASDAQ:GAMB) Lowered to Strong Sell Rating by Zacks Research

Zacks Research downgraded shares of Gambling.com Group (NASDAQ:GAMB) from a hold rating to a strong sell rating in a research report released on Monday morning,Zacks.com reports.

GAMB has been the subject of several other research reports. Glj Research set a $7.50 price objective on shares of Gambling.com Group in a research note on Thursday, March 12th. Wall Street Zen upgraded shares of Gambling.com Group from a “sell” rating to a “hold” rating in a research report on Sunday, May 17th. Jefferies Financial Group cut their price target on shares of Gambling.com Group from $8.00 to $7.00 and set a “buy” rating for the company in a report on Friday, March 13th. Stifel Nicolaus decreased their price objective on shares of Gambling.com Group from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, April 9th. Finally, Truist Financial lowered their price objective on shares of Gambling.com Group from $6.00 to $5.00 and set a “hold” rating for the company in a research report on Thursday, March 12th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $7.38.

Gambling.com Group Price Performance

Shares of NASDAQ GAMB opened at $1.94 on Monday. The business has a fifty day moving average price of $2.73 and a two-hundred day moving average price of $3.84. The stock has a market capitalization of $68.09 million, a PE ratio of -1.50 and a beta of 0.73. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.31 and a quick ratio of 1.31. Gambling.com Group has a fifty-two week low of $1.89 and a fifty-two week high of $12.18.

Gambling.com Group (NASDAQ:GAMB) last released its earnings results on Friday, May 15th. 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 company had revenue of $40.44 million for the quarter, compared to analyst estimates of $40.21 million. As a group, equities analysts predict that Gambling.com Group will post 0.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Gambling.com Group

A number of hedge funds have recently made changes to their positions in GAMB. Jane Street Group LLC grew its holdings in shares of Gambling.com Group by 103.4% during the 1st quarter. Jane Street Group LLC now owns 83,969 shares of the company’s stock valued at $1,060,000 after purchasing an additional 42,678 shares during the last quarter. Geode Capital Management LLC lifted its stake 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 last quarter. Legal & General Group Plc boosted its position in Gambling.com Group by 5,151.3% in the second quarter. Legal & General Group Plc now owns 89,429 shares of the company’s stock valued at $1,064,000 after buying an additional 87,726 shares in the last quarter. American Century Companies Inc. boosted its position in Gambling.com Group by 362.2% in the second quarter. American Century Companies Inc. now owns 193,669 shares of the company’s stock valued at $2,303,000 after buying an additional 151,767 shares in the last quarter. Finally, Jump Financial LLC bought a new stake in shares of Gambling.com Group during the second quarter worth $283,000. 72.26% of the stock is currently owned by institutional investors and hedge funds.

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.