9,117 Shares in Gambling.com Group Limited (NASDAQ:GAMB) Acquired by Quarry LP

Quarry LP bought a new stake in shares of Gambling.com Group Limited (NASDAQ:GAMB) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,117 shares of the company’s stock, valued at approximately $128,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Topline Capital Management LLC bought a new stake in shares of Gambling.com Group during the 4th quarter valued at $6,700,000. Hillsdale Investment Management Inc. grew its position in shares of Gambling.com Group by 1,320.6% during the 4th quarter. Hillsdale Investment Management Inc. now owns 339,531 shares of the company’s stock valued at $4,781,000 after acquiring an additional 315,631 shares during the period. Marshall Wace LLP grew its position in shares of Gambling.com Group by 501.1% during the 4th quarter. Marshall Wace LLP now owns 323,781 shares of the company’s stock valued at $4,559,000 after acquiring an additional 269,916 shares during the period. Orvieto Partners L.P. bought a new stake in shares of Gambling.com Group during the 4th quarter valued at $3,098,000. Finally, Topsail Wealth Management LLC bought a new stake in shares of Gambling.com Group during the 4th quarter valued at $2,400,000. 72.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GAMB. Cantor Fitzgerald began coverage on shares of Gambling.com Group in a research report on Wednesday, March 5th. They set an “overweight” rating and a $20.00 price objective for the company. Benchmark reissued a “buy” rating and set a $18.00 price objective on shares of Gambling.com Group in a research report on Thursday, February 20th. Jefferies Financial Group lifted their target price on shares of Gambling.com Group from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Truist Financial lowered their target price on shares of Gambling.com Group from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, April 23rd. Finally, Macquarie lifted 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. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $17.67.

Gambling.com Group Stock Up 0.1 %

Shares of GAMB stock opened at $12.79 on Tuesday. The stock has a market cap of $444.62 million, a P/E ratio of 16.40 and a beta of 1.04. Gambling.com Group Limited has a 52 week low of $7.52 and a 52 week high of $17.14. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.20. The company’s fifty day simple moving average is $12.76 and its two-hundred day simple moving average is $13.02.

Gambling.com Group (NASDAQ:GAMB) last announced its quarterly earnings results on Thursday, March 20th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.25 by $0.10. The business had revenue of $35.30 million for 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 business’s revenue was up 8.6% on a year-over-year basis. Analysts predict 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.