Driehaus Capital Management LLC Buys Shares of 509,068 Gambling.com Group Limited (NASDAQ:GAMB)

Driehaus Capital Management LLC purchased a new position in shares of Gambling.com Group Limited (NASDAQ:GAMB) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 509,068 shares of the company’s stock, valued at approximately $7,168,000. Driehaus Capital Management LLC owned approximately 1.37% of Gambling.com Group as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GAMB. Barclays PLC grew its position in Gambling.com Group by 94.0% in the third quarter. Barclays PLC now owns 38,494 shares of the company’s stock valued at $385,000 after purchasing an additional 18,656 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Gambling.com Group in the fourth quarter valued at about $163,000. Exchange Traded Concepts LLC raised its holdings in Gambling.com Group by 2.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 49,799 shares of the company’s stock worth $701,000 after acquiring an additional 1,325 shares in the last quarter. Gagnon Securities LLC bought a new position in Gambling.com Group in the fourth quarter valued at approximately $317,000. Finally, New York State Common Retirement Fund increased its position in shares of Gambling.com Group by 138.4% during the 4th quarter. New York State Common Retirement Fund now owns 10,497 shares of the company’s stock worth $148,000 after purchasing an additional 6,093 shares during the last quarter. 72.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GAMB. Macquarie raised their target price on shares of Gambling.com Group from $18.00 to $19.00 and gave the company an “outperform” rating in a research note on Friday, March 21st. Truist Financial cut their target price on shares of Gambling.com Group from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, April 23rd. Benchmark reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Gambling.com Group in a research report on Thursday, February 20th. Cantor Fitzgerald initiated coverage on Gambling.com Group in a research note on Wednesday, March 5th. They issued an “overweight” rating and a $20.00 price target on the stock. Finally, Jefferies Financial Group upped their price objective on shares of Gambling.com Group from $20.00 to $21.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $17.67.

Gambling.com Group Price Performance

Shares of NASDAQ GAMB opened at $13.70 on Friday. The business has a fifty day moving average price of $12.56 and a two-hundred day moving average price of $13.18. The stock has a market capitalization of $476.25 million, a PE ratio of 17.56 and a beta of 1.04. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 1.03. Gambling.com Group Limited has a fifty-two week low of $7.52 and a fifty-two week high of $17.14.

Gambling.com Group (NASDAQ:GAMB) last posted its quarterly earnings data on Thursday, March 20th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.10. The business had revenue of $35.30 million during the quarter, compared to analysts’ expectations of $35.20 million. Gambling.com Group had a net margin of 23.40% and a return on equity of 25.06%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, equities analysts predict that Gambling.com Group Limited will post 0.88 earnings per share for the current fiscal year.

Gambling.com Group Profile

Gambling.com Group Limited operates as a performance marketing company for the online gambling industry worldwide. It provides digital marketing services for the iGaming and social casino products. The company's focus is on online casino, online sports betting, and fantasy sports industry. It publishes various branded websites, including Gambling.com, Casinos.com, RotoWire.com, and Bookies.com.