Gambling.com Group Limited (NASDAQ:GAMB) Stake Raised by G2 Investment Partners Management LLC

G2 Investment Partners Management LLC lifted its stake in shares of Gambling.com Group Limited (NASDAQ:GAMB) by 22.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 825,147 shares of the company’s stock after acquiring an additional 153,173 shares during the quarter. Gambling.com Group makes up approximately 3.0% of G2 Investment Partners Management LLC’s holdings, making the stock its 9th biggest holding. G2 Investment Partners Management LLC owned about 2.22% of Gambling.com Group worth $11,618,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of GAMB. LPL Financial LLC lifted its position in shares of Gambling.com Group by 8.7% in the 4th quarter. LPL Financial LLC now owns 28,549 shares of the company’s stock worth $402,000 after purchasing an additional 2,275 shares during the period. Barclays PLC lifted its stake in shares of Gambling.com Group by 94.0% during the 3rd quarter. Barclays PLC now owns 38,494 shares of the company’s stock worth $385,000 after purchasing an additional 18,656 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in Gambling.com Group in the fourth quarter worth about $2,280,000. Gagnon Securities LLC purchased a new position in shares of Gambling.com Group in the 4th quarter worth approximately $317,000. Finally, M&T Bank Corp purchased a new stake in Gambling.com Group during the fourth quarter valued at approximately $195,000. Institutional investors own 72.26% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on GAMB shares. Benchmark reiterated a “buy” rating and issued a $18.00 price target on shares of Gambling.com Group in a research note on Thursday, February 20th. Jefferies Financial Group raised their target price on shares of Gambling.com Group from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Truist Financial decreased their price objective on Gambling.com Group from $18.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday, April 23rd. Cantor Fitzgerald assumed coverage on shares of Gambling.com Group in a report on Wednesday, March 5th. They set an “overweight” rating and a $20.00 target price for the company. Finally, Macquarie increased their price target on shares of Gambling.com Group from $18.00 to $19.00 and gave the stock an “outperform” rating in a report on Friday, March 21st. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Gambling.com Group has an average rating of “Buy” and a consensus target price of $17.67.

Gambling.com Group Trading Up 1.1 %

Shares of Gambling.com Group stock opened at $13.51 on Friday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.20. Gambling.com Group Limited has a twelve month low of $7.52 and a twelve month high of $17.14. The firm has a market capitalization of $469.54 million, a PE ratio of 17.32 and a beta of 1.04. The firm’s 50-day moving average price is $12.55 and its 200 day moving average price is $13.15.

Gambling.com Group (NASDAQ:GAMB) last issued its quarterly earnings results on Thursday, March 20th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.10. The firm had revenue of $35.30 million for the quarter, compared to analyst estimates of $35.20 million. Gambling.com Group had a return on equity of 25.06% and a net margin of 23.40%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, sell-side analysts predict 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.