Gambling.com Group (NASDAQ:GAMB) CEO Charles Gillespie Acquires 3,860 Shares

Gambling.com Group Limited (NASDAQ:GAMB) CEO Charles Gillespie acquired 3,860 shares of Gambling.com Group stock in a transaction that occurred on Wednesday, April 15th. The shares were purchased at an average cost of $3.24 per share, with a total value of $12,506.40. Following the completion of the acquisition, the chief executive officer owned 226,641 shares of the company’s stock, valued at $734,316.84. The trade was a 1.73% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Gambling.com Group Price Performance

GAMB stock traded down $0.01 during midday trading on Wednesday, hitting $3.70. 286,633 shares of the stock were exchanged, compared to its average volume of 554,823. The stock’s 50-day moving average price is $4.01 and its 200-day moving average price is $5.19. The stock has a market cap of $129.73 million, a price-to-earnings ratio of -3.89 and a beta of 0.91. Gambling.com Group Limited has a fifty-two week low of $3.58 and a fifty-two week high of $14.95. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.21 and a current ratio of 1.21.

Gambling.com Group (NASDAQ:GAMB) last issued its quarterly earnings data on Thursday, March 12th. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.10. The firm had revenue of $46.24 million during the quarter, compared to analysts’ expectations of $46.06 million. Gambling.com Group had a positive return on equity of 38.87% and a negative net margin of 19.90%. Research analysts predict that Gambling.com Group Limited will post 0.32 earnings per share for the current year.

Analysts Set New Price Targets

GAMB has been the topic of a number of analyst reports. Truist Financial lowered their target price on Gambling.com Group from $6.00 to $5.00 and set a “hold” rating on the stock in a report on Thursday, March 12th. Freedom Capital upgraded Gambling.com Group to a “strong-buy” rating in a report on Tuesday, December 30th. Benchmark reduced their price objective on Gambling.com Group from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Friday, March 13th. Stifel Nicolaus lowered their target price on Gambling.com Group from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Thursday, April 9th. Finally, Zacks Research raised Gambling.com Group to a “hold” rating in a research report on Monday, March 16th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and one has given 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 $7.63.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of GAMB. Jane Street Group LLC grew its position in shares of Gambling.com Group by 103.4% during the 1st quarter. Jane Street Group LLC now owns 83,969 shares of the company’s stock valued at $1,060,000 after buying an additional 42,678 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Gambling.com Group by 0.9% in the second quarter. Geode Capital Management LLC now owns 215,084 shares of the company’s stock worth $2,557,000 after acquiring an additional 1,822 shares during the last quarter. Legal & General Group Plc boosted its stake in Gambling.com Group by 5,151.3% in the second quarter. Legal & General Group Plc now owns 89,429 shares of the company’s stock valued at $1,064,000 after acquiring an additional 87,726 shares during the period. American Century Companies Inc. grew its holdings in shares of Gambling.com Group by 362.2% during the second quarter. American Century Companies Inc. now owns 193,669 shares of the company’s stock valued at $2,303,000 after purchasing an additional 151,767 shares during the last quarter. Finally, Jump Financial LLC acquired a new stake in shares of Gambling.com Group during the 2nd quarter worth approximately $283,000. 72.26% of the stock is currently owned by institutional investors.

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.