Campbell & CO Investment Adviser LLC Acquires New Holdings in Gambling.com Group Limited $GAMB

Campbell & CO Investment Adviser LLC bought a new position in shares of Gambling.com Group Limited (NASDAQ:GAMB) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 65,891 shares of the company’s stock, valued at approximately $783,000. Campbell & CO Investment Adviser LLC owned 0.19% of Gambling.com Group at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Simplex Trading LLC boosted its position in shares of Gambling.com Group by 191.0% during the 1st quarter. Simplex Trading LLC now owns 3,899 shares of the company’s stock worth $49,000 after purchasing an additional 2,559 shares during the period. Deutsche Bank AG lifted its stake in Gambling.com Group by 2,516.7% during the first quarter. Deutsche Bank AG now owns 14,444 shares of the company’s stock worth $182,000 after purchasing an additional 13,892 shares in the last quarter. Quantbot Technologies LP grew its stake in shares of Gambling.com Group by 48.3% in the first quarter. Quantbot Technologies LP now owns 15,180 shares of the company’s stock valued at $192,000 after buying an additional 4,947 shares in the last quarter. JT Stratford LLC acquired a new stake in shares of Gambling.com Group in the first quarter valued at $210,000. Finally, Hsbc Holdings PLC raised its holdings in shares of Gambling.com Group by 14.8% in the 1st quarter. Hsbc Holdings PLC now owns 17,834 shares of the company’s stock valued at $224,000 after buying an additional 2,302 shares during the period. 72.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on GAMB. BTIG Research lowered their target price on Gambling.com Group from $19.00 to $12.00 and set a “buy” rating for the company in a report on Friday, August 15th. Zacks Research lowered shares of Gambling.com Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 1st. Wall Street Zen downgraded shares of Gambling.com Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 16th. Jefferies Financial Group decreased their price target on shares of Gambling.com Group from $18.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, August 15th. Finally, Truist Financial cut their price objective on Gambling.com Group from $11.00 to $9.00 and set a “hold” rating on the stock in a research report on Tuesday, October 21st. Seven investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Gambling.com Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.75.

Gambling.com Group Stock Down 23.1%

Shares of Gambling.com Group stock opened at $5.25 on Friday. Gambling.com Group Limited has a 52-week low of $4.81 and a 52-week high of $17.14. The company has a 50 day moving average of $7.69 and a 200 day moving average of $10.05. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $187.49 million, a P/E ratio of 13.13 and a beta of 0.85.

Gambling.com Group (NASDAQ:GAMB) last announced its quarterly earnings data on Thursday, November 13th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.07. The company had revenue of $38.98 million for the quarter, compared to the consensus estimate of $41.06 million. Gambling.com Group had a net margin of 9.66% and a return on equity of 38.04%. Gambling.com Group has set its FY 2025 guidance at EPS. As a group, research analysts forecast that Gambling.com Group Limited will post 0.88 EPS 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.