Martin Elias Mark Acquires 3,860 Shares of Gambling.com Group (NASDAQ:GAMB) Stock

Gambling.com Group Limited (NASDAQ:GAMB) CFO Martin Elias Mark acquired 3,860 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The stock was 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 financial officer directly owned 803,256 shares of the company’s stock, valued at approximately $2,602,549.44. This trade represents a 0.48% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Gambling.com Group Price Performance

GAMB stock opened at $3.63 on Friday. The company has a market capitalization of $127.41 million, a P/E ratio of -3.82 and a beta of 0.91. Gambling.com Group Limited has a twelve month low of $3.51 and a twelve month high of $14.95. The business has a 50 day simple moving average of $3.99 and a 200-day simple moving average of $5.17. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.04.

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 company had revenue of $46.24 million for the quarter, compared to the consensus estimate of $46.06 million. Gambling.com Group had a negative net margin of 19.90% and a positive return on equity of 38.87%. As a group, equities analysts anticipate that Gambling.com Group Limited will post 0.32 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC increased its stake in shares of Gambling.com Group by 653.8% during the second quarter. Tower Research Capital LLC TRC now owns 5,254 shares of the company’s stock worth $62,000 after acquiring an additional 4,557 shares during the period. SG Americas Securities LLC acquired a new position in shares of Gambling.com Group during the fourth quarter worth about $65,000. Deutsche Bank AG increased its stake in shares of Gambling.com Group by 3,262.2% during the fourth quarter. Deutsche Bank AG now owns 12,978 shares of the company’s stock worth $71,000 after acquiring an additional 12,592 shares during the period. Sherbrooke Park Advisers LLC acquired a new position in shares of Gambling.com Group during the third quarter worth about $109,000. Finally, HRT Financial LP acquired a new position in shares of Gambling.com Group during the fourth quarter worth about $88,000. 72.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on GAMB. Loop Capital set a $8.50 price objective on shares of Gambling.com Group in a research note on Tuesday, December 30th. Zacks Research upgraded shares of Gambling.com Group to a “hold” rating in a research note on Monday, March 16th. Stifel Nicolaus dropped their price objective on shares of Gambling.com Group from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, April 9th. Glj Research set a $7.50 price objective on shares of Gambling.com Group in a research note on Thursday, March 12th. Finally, Truist Financial dropped their price objective on shares of Gambling.com Group from $6.00 to $5.00 and set a “hold” rating on the stock in a research note on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $7.63.

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.