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

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

A number of other equities analysts also recently commented on the company. Freedom Capital upgraded Gambling.com Group to a “strong-buy” rating in a research note on Tuesday, December 30th. Truist Financial cut their price objective on Gambling.com Group from $6.00 to $5.00 and set a “hold” rating on the stock in a research note on Thursday, March 12th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Gambling.com Group in a research report on Thursday, January 22nd. Benchmark dropped their price target on Gambling.com Group from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Friday, March 13th. Finally, Jefferies Financial Group decreased their price objective 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. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $7.88.

Gambling.com Group Stock Up 1.3%

Shares of NASDAQ:GAMB opened at $3.88 on Monday. The firm has a market cap of $138.57 million, a PE ratio of -4.08 and a beta of 0.88. The company has a fifty day simple moving average of $4.52 and a 200 day simple moving average of $5.96. The company has a current ratio of 1.21, a quick ratio of 0.46 and a debt-to-equity ratio of 1.04. Gambling.com Group has a 12-month low of $3.77 and a 12-month high of $14.95.

Gambling.com Group (NASDAQ:GAMB) last posted its quarterly earnings data on Thursday, March 12th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.10. The firm had revenue of $46.24 million for the quarter, compared to the consensus estimate of $46.06 million. Gambling.com Group had a negative net margin of 19.90% and a positive return on equity of 38.87%. On average, equities research analysts anticipate that Gambling.com Group will post 0.88 EPS for the current fiscal year.

Hedge Funds Weigh In On Gambling.com Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC boosted its position in shares of Gambling.com Group by 0.9% during the second quarter. Geode Capital Management LLC now owns 215,084 shares of the company’s stock worth $2,557,000 after buying an additional 1,822 shares during the period. Stoneridge Investment Partners LLC boosted its position in Gambling.com Group by 9.1% during the 3rd quarter. Stoneridge Investment Partners LLC now owns 26,021 shares of the company’s stock worth $213,000 after acquiring an additional 2,171 shares during the period. J. Safra Sarasin Holding AG grew its stake 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 purchasing an additional 2,600 shares in the last quarter. AdvisorShares Investments LLC increased its holdings in shares of Gambling.com Group by 10.5% during the third quarter. AdvisorShares Investments LLC now owns 28,208 shares of the company’s stock valued at $231,000 after purchasing an additional 2,688 shares during the period. Finally, Aristides Capital LLC lifted its holdings in Gambling.com Group by 9.0% in the fourth quarter. Aristides Capital LLC now owns 35,900 shares of the company’s stock worth $196,000 after purchasing an additional 2,961 shares during the period. Institutional investors and hedge funds own 72.26% of the company’s stock.

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.