Steamboat Capital Partners LLC Takes $1.41 Million Position in Gambling.com Group Limited (NASDAQ:GAMB)

Steamboat Capital Partners LLC bought a new stake in shares of Gambling.com Group Limited (NASDAQ:GAMB) in the fourth quarter, Holdings Channel.com reports. The fund bought 99,905 shares of the company’s stock, valued at approximately $1,407,000.

A number of other large investors have also recently made changes to their positions in the stock. Numerai GP LLC purchased a new stake in shares of Gambling.com Group during the fourth quarter valued at $727,000. Lazard Asset Management LLC boosted its stake in shares of Gambling.com Group by 61.5% during the fourth quarter. Lazard Asset Management LLC now owns 73,124 shares of the company’s stock valued at $1,029,000 after purchasing an additional 27,844 shares during the period. G2 Investment Partners Management LLC boosted its stake in shares of Gambling.com Group by 22.8% during the fourth quarter. G2 Investment Partners Management LLC now owns 825,147 shares of the company’s stock valued at $11,618,000 after purchasing an additional 153,173 shares during the period. D. E. Shaw & Co. Inc. boosted its stake in shares of Gambling.com Group by 255.8% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 157,728 shares of the company’s stock valued at $2,221,000 after purchasing an additional 113,396 shares during the period. Finally, Driehaus Capital Management LLC purchased a new stake in shares of Gambling.com Group during the fourth quarter valued at $7,168,000. 72.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on GAMB shares. Benchmark reissued a “buy” rating and set a $18.00 target price on shares of Gambling.com Group in a research note on Thursday, February 20th. Cantor Fitzgerald initiated coverage on shares of Gambling.com Group in a research note on Wednesday, March 5th. They issued an “overweight” rating and a $20.00 price objective for the company. Truist Financial lowered their price objective on shares of Gambling.com Group from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, April 23rd. Finally, Macquarie upped their price objective on shares of Gambling.com Group from $18.00 to $19.00 and gave the stock an “outperform” rating in a research note on Friday, March 21st. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $18.25.

Gambling.com Group Stock Performance

Shares of Gambling.com Group stock opened at $12.43 on Friday. The company has a market capitalization of $432.10 million, a PE ratio of 15.94 and a beta of 1.04. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.03 and a current ratio of 1.03. The company has a 50-day simple moving average of $12.67 and a two-hundred day simple moving average of $13.35. Gambling.com Group Limited has a one year low of $7.52 and a one year high of $17.14.

Gambling.com Group (NASDAQ:GAMB) last announced its earnings results on Thursday, May 15th. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.21. Gambling.com Group had a net margin of 23.40% and a return on equity of 25.06%. Research analysts expect 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.