Quinn Opportunity Partners LLC Reduces Stake in Gambling.com Group Limited $GAMB

Quinn Opportunity Partners LLC reduced its stake in shares of Gambling.com Group Limited (NASDAQ:GAMB) by 20.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,212 shares of the company’s stock after selling 12,337 shares during the quarter. Quinn Opportunity Partners LLC owned approximately 0.14% of Gambling.com Group worth $573,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. AdvisorShares Investments LLC boosted its position in shares of Gambling.com Group by 8.0% during the second quarter. AdvisorShares Investments LLC now owns 25,520 shares of the company’s stock valued at $303,000 after purchasing an additional 1,900 shares in the last quarter. Hsbc Holdings PLC increased its stake 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 worth $224,000 after acquiring an additional 2,302 shares in the last quarter. American Century Companies Inc. boosted its stake in Gambling.com Group by 5.9% during the first quarter. American Century Companies Inc. now owns 41,902 shares of the company’s stock worth $529,000 after acquiring an additional 2,352 shares in the last quarter. SBI Securities Co. Ltd. grew its holdings in Gambling.com Group by 21,963.6% in the second quarter. SBI Securities Co. Ltd. now owns 2,427 shares of the company’s stock worth $29,000 after purchasing an additional 2,416 shares during the period. Finally, Simplex Trading LLC increased its stake in shares of Gambling.com Group by 191.0% during the first quarter. Simplex Trading LLC now owns 3,899 shares of the company’s stock valued at $49,000 after purchasing an additional 2,559 shares in the last quarter. 72.26% of the stock is owned by hedge funds and other institutional investors.

Gambling.com Group Trading Down 0.1%

Shares of Gambling.com Group stock opened at $6.83 on Thursday. The firm has a market cap of $243.90 million, a price-to-earnings ratio of 17.08 and a beta of 0.85. Gambling.com Group Limited has a twelve month low of $6.47 and a twelve month high of $17.14. The business has a 50-day moving average price of $7.75 and a 200-day moving average price of $10.08. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.57.

Gambling.com Group (NASDAQ:GAMB) last announced its quarterly earnings results on Thursday, August 14th. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.25. Gambling.com Group had a net margin of 9.66% and a return on equity of 38.04%. The company had revenue of $39.59 million for the quarter, compared to analysts’ expectations of $38.93 million. Equities research analysts anticipate that Gambling.com Group Limited will post 0.88 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Truist Financial dropped their price target on shares of Gambling.com Group from $11.00 to $9.00 and set a “hold” rating on the stock in a research note on Tuesday, October 21st. BTIG Research reduced their price target 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. Weiss Ratings cut Gambling.com Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Saturday, October 25th. Stifel Nicolaus cut their target price on Gambling.com Group from $18.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, August 15th. Finally, Zacks Research cut Gambling.com Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 1st. Seven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $15.75.

About Gambling.com Group

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.