Los Angeles Capital Management LLC Lowers Stock Holdings in Gambling.com Group Limited $GAMB

Los Angeles Capital Management LLC reduced its stake in Gambling.com Group Limited (NASDAQ:GAMB) by 33.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,452 shares of the company’s stock after selling 43,837 shares during the quarter. Los Angeles Capital Management LLC owned about 0.25% of Gambling.com Group worth $1,052,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Simplex Trading LLC raised its stake in 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 buying an additional 2,559 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Gambling.com Group by 2,516.7% during the first quarter. Deutsche Bank AG now owns 14,444 shares of the company’s stock valued at $182,000 after acquiring an additional 13,892 shares in the last quarter. Quantbot Technologies LP raised its position in shares of Gambling.com Group by 48.3% in the 1st quarter. Quantbot Technologies LP now owns 15,180 shares of the company’s stock worth $192,000 after purchasing an additional 4,947 shares during the last quarter. JT Stratford LLC bought a new position in Gambling.com Group in the 1st quarter worth about $210,000. Finally, Hsbc Holdings PLC grew its position in Gambling.com Group by 14.8% during the 1st quarter. Hsbc Holdings PLC now owns 17,834 shares of the company’s stock valued at $224,000 after purchasing an additional 2,302 shares during the last quarter. Institutional investors own 72.26% of the company’s stock.

Wall Street Analyst Weigh In

GAMB has been the subject of several recent analyst reports. Wall Street Zen cut shares of Gambling.com Group from a “buy” rating to a “hold” rating in a report on Saturday, August 16th. Stifel Nicolaus reduced their price target 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. Truist Financial decreased their price objective on shares of Gambling.com Group from $11.00 to $9.00 and set a “hold” rating for the company in a report on Tuesday, October 21st. Weiss Ratings downgraded Gambling.com Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Saturday, October 25th. Finally, Jefferies Financial Group reduced their target price on Gambling.com Group from $18.00 to $15.00 and set a “buy” rating for the company in a report on Friday, August 15th. Seven research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Gambling.com Group has an average rating of “Moderate Buy” and an average target price of $15.75.

Gambling.com Group Stock Down 0.1%

GAMB opened at $6.83 on Thursday. The stock has a market capitalization of $243.90 million, a price-to-earnings ratio of 17.08 and a beta of 0.85. The firm has a 50 day moving average price of $7.75 and a 200-day moving average price of $10.08. Gambling.com Group Limited has a twelve month low of $6.47 and a twelve month high of $17.14. 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 issued its earnings results on Thursday, August 14th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.25. The company had revenue of $39.59 million for 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%. Equities research analysts forecast that Gambling.com Group Limited will post 0.88 earnings per share for the current 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.