Charles Gillespie Buys 3,860 Shares of Gambling.com Group (NASDAQ:GAMB) Stock

Gambling.com Group Limited (NASDAQ:GAMB) CEO Charles Gillespie acquired 3,860 shares of the business’s stock in a transaction dated Wednesday, April 15th. The stock was purchased at an average cost of $3.24 per share, with a total value of $12,506.40. Following the transaction, the chief executive officer owned 226,641 shares of the company’s stock, valued at approximately $734,316.84. The trade was a 1.73% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Gambling.com Group Stock Performance

NASDAQ:GAMB opened at $3.63 on Friday. The firm has a 50 day simple moving average of $3.99 and a 200-day simple moving average of $5.17. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a market cap of $127.41 million, a PE ratio of -3.82 and a beta of 0.91. Gambling.com Group Limited has a 1-year low of $3.51 and a 1-year high of $14.95.

Gambling.com Group (NASDAQ:GAMB) last posted its quarterly earnings data on Thursday, March 12th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.10. The business had revenue of $46.24 million during the quarter, compared to analyst estimates 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 analysts expect that Gambling.com Group Limited will post 0.32 EPS for the current year.

Hedge Funds Weigh In On Gambling.com Group

Several institutional investors and hedge funds have recently bought and sold shares of GAMB. Jane Street Group LLC increased its position in Gambling.com Group by 103.4% during the first quarter. Jane Street Group LLC now owns 83,969 shares of the company’s stock worth $1,060,000 after purchasing an additional 42,678 shares during the last quarter. Geode Capital Management LLC increased its position in 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 purchasing an additional 1,822 shares during the last quarter. Legal & General Group Plc increased its position in Gambling.com Group by 5,151.3% during the second quarter. Legal & General Group Plc now owns 89,429 shares of the company’s stock worth $1,064,000 after purchasing an additional 87,726 shares during the last quarter. American Century Companies Inc. increased its position in Gambling.com Group by 362.2% during the second quarter. American Century Companies Inc. now owns 193,669 shares of the company’s stock worth $2,303,000 after purchasing an additional 151,767 shares during the last quarter. Finally, Jump Financial LLC acquired a new position in Gambling.com Group during the second quarter worth approximately $283,000. Institutional investors and hedge funds own 72.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Loop Capital set a $8.50 price objective on shares of Gambling.com Group in a research report on Tuesday, December 30th. Weiss Ratings reissued a “sell (d+)” rating on shares of Gambling.com Group in a research report on Thursday, January 22nd. Jefferies Financial Group cut 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 research report on Friday, March 13th. Stifel Nicolaus cut their price objective on shares of Gambling.com Group from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Thursday, April 9th. Finally, Benchmark cut their price objective on shares of Gambling.com Group from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.63.

Gambling.com Group Company Profile

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.