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Gambling.com Group Ltd (NASDAQ: GAMB), a leader in online gambling services, has announced upcoming changes to its board of directors. Today, the company disclosed the resignation of Gregg Michaelson from the board and his position on the Compensation Committee, effective May 14, 2025, coinciding with the annual general meeting of shareholders.
Michaelson’s departure is not due to any disagreements with Gambling.com’s operations or practices. Concurrently, Jayme Mendal has been appointed to succeed Michaelson, with his term beginning on May 15, 2025. Mendal, currently the CEO of EverQuote , Inc. (NASDAQ: NASDAQ:EVER), brings extensive experience in leadership and online marketplaces to Gambling.com. Under Mendal’s leadership, EverQuote has demonstrated remarkable performance with 74% revenue growth and an impressive 96% gross margin in the last twelve months. According to InvestingPro analysis, EverQuote currently appears undervalued, with analysts setting price targets up to $38.
Mendal will also join the Compensation Committee and serve as a Class II director until the 2026 annual general meeting. His appointment follows a recommendation from the Nominating and Corporate Governance Committee and is in line with the company’s standard compensation for non-employee directors. Mendal meets the independence requirements of the Nasdaq Listing Rules, ensuring an unbiased perspective on the board.
The transition is part of the company’s natural governance evolution and is expected to maintain the board’s strong oversight capabilities. The information regarding these changes was based on a report filed with the Securities and Exchange Commission on April 4, 2025.
In other recent news, EverQuote has reported its fourth-quarter 2024 earnings, surpassing expectations with an earnings per share (EPS) of $0.33 compared to the forecasted $0.19. The company’s revenue for the quarter reached $147.5 million, exceeding the anticipated $133.77 million, marking a 165% increase year-over-year. For the full year, EverQuote’s revenue totaled $500 million, a 74% rise from the previous year. Needham analysts have responded to these results by raising their price target for EverQuote shares to $38 from $30, maintaining a Buy rating. They highlighted the company’s first-quarter guidance, which suggests a projected revenue growth of 73% year-over-year. Additionally, the removal of a potential regulatory challenge concerning the FCC (BME:FCC) TCPA regulation has eased investor concerns, contributing to a favorable outlook. EverQuote concluded 2024 with $102.1 million in cash and no debt, further strengthening its financial position. These developments reflect a positive sentiment among analysts and investors regarding EverQuote’s future performance.
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