Potrero Capital Research LLC Has $430,000 Holdings in Gambling.com Group Limited (NASDAQ:GAMB)

Potrero Capital Research LLC trimmed its holdings in Gambling.com Group Limited (NASDAQ:GAMB) by 81.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,559 shares of the company’s stock after selling 130,930 shares during the period. Gambling.com Group accounts for 0.1% of Potrero Capital Research LLC’s holdings, making the stock its 25th largest position. Potrero Capital Research LLC’s holdings in Gambling.com Group were worth $430,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in GAMB. Global Retirement Partners LLC increased its position in shares of Gambling.com Group by 1,613.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,971 shares of the company’s stock worth $28,000 after purchasing an additional 1,856 shares during the period. Russell Investments Group Ltd. lifted its stake in Gambling.com Group by 1,968.4% during the fourth quarter. Russell Investments Group Ltd. now owns 2,420 shares of the company’s stock worth $34,000 after purchasing an additional 2,303 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of Gambling.com Group by 481.8% in the 4th quarter. Quadrant Capital Group LLC now owns 2,461 shares of the company’s stock valued at $35,000 after purchasing an additional 2,038 shares in the last quarter. IFP Advisors Inc acquired a new position in Gambling.com Group during the fourth quarter worth about $49,000. Finally, Quarry LP acquired a new stake in Gambling.com Group in the fourth quarter valued at approximately $128,000. 72.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Macquarie upped their price objective on Gambling.com Group from $18.00 to $19.00 and gave the company an “outperform” rating in a research note on Friday, March 21st. Truist Financial decreased their price target 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. Benchmark reissued a “buy” rating and set a $18.00 price objective on shares of Gambling.com Group in a research report on Thursday, February 20th. Cantor Fitzgerald assumed coverage on Gambling.com Group in a report on Wednesday, March 5th. They issued an “overweight” rating and a $20.00 price target on the stock. Finally, Jefferies Financial Group upped their target price on Gambling.com Group from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Nine analysts have rated the stock with a buy rating, According to MarketBeat, Gambling.com Group has an average rating of “Buy” and a consensus price target of $17.67.

Gambling.com Group Stock Up 1.0%

Shares of NASDAQ:GAMB opened at $14.72 on Thursday. The firm has a fifty day moving average of $12.65 and a 200 day moving average of $13.28. Gambling.com Group Limited has a 52-week low of $7.52 and a 52-week high of $17.14. 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 firm has a market capitalization of $511.71 million, a PE ratio of 18.87 and a beta of 1.04.

Gambling.com Group (NASDAQ:GAMB) last posted its quarterly earnings results on Thursday, March 20th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.10. The business 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 revenue was up 8.6% on a year-over-year basis. As a group, research analysts anticipate that Gambling.com Group Limited will post 0.88 EPS for the current fiscal year.

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.