Gambling.com Group Limited $GAMB Shares Purchased by Diversified Investment Strategies LLC

Diversified Investment Strategies LLC increased its holdings in shares of Gambling.com Group Limited (NASDAQ:GAMB) by 52.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 275,000 shares of the company’s stock after acquiring an additional 95,000 shares during the quarter. Gambling.com Group makes up approximately 2.2% of Diversified Investment Strategies LLC’s holdings, making the stock its 16th biggest holding. Diversified Investment Strategies LLC owned 0.79% of Gambling.com Group worth $3,270,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Wedge Capital Management L L P NC raised its stake in Gambling.com Group by 23.7% during the second quarter. Wedge Capital Management L L P NC now owns 150,146 shares of the company’s stock worth $1,785,000 after acquiring an additional 28,741 shares during the period. Strs Ohio acquired a new stake in Gambling.com Group during the first quarter worth about $504,000. Acadian Asset Management LLC raised its stake in Gambling.com Group by 26.1% during the first quarter. Acadian Asset Management LLC now owns 394,841 shares of the company’s stock worth $4,974,000 after acquiring an additional 81,836 shares during the period. Jane Street Group LLC raised its stake 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 acquiring an additional 42,678 shares during the period. Finally, PDT Partners LLC acquired a new stake in Gambling.com Group during the first quarter worth about $365,000. Institutional investors and hedge funds own 72.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. BTIG Research decreased their target price on shares of Gambling.com Group from $19.00 to $12.00 and set a “buy” rating for the company in a research report on Friday, August 15th. Jefferies Financial Group decreased their target price 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. Stifel Nicolaus decreased their target price 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. Wall Street Zen cut shares of Gambling.com Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. Finally, Weiss Ratings upgraded shares of Gambling.com Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, October 8th. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Gambling.com Group has a consensus rating of “Moderate Buy” and an average price target of $16.00.

Gambling.com Group Trading Up 3.4%

Gambling.com Group stock opened at $7.84 on Wednesday. The firm has a 50 day simple moving average of $8.53 and a 200-day simple moving average of $10.80. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.59 and a quick ratio of 0.59. The stock has a market capitalization of $279.99 million, a PE ratio of 19.60 and a beta of 0.87. Gambling.com Group Limited has a 12-month low of $7.36 and a 12-month high of $17.14.

Gambling.com Group (NASDAQ:GAMB) last posted its quarterly earnings data on Thursday, August 14th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.25. The business had revenue of $39.59 million during the quarter, compared to analysts’ expectations of $38.93 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, equities research analysts expect that Gambling.com Group Limited will post 0.88 EPS for the current fiscal year.

Gambling.com Group Company 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.