Capstone Investment Advisors LLC purchased a new stake in shares of Gambling.com Group Limited (NASDAQ:GAMB – Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 30,000 shares of the company’s stock, valued at approximately $292,000. Capstone Investment Advisors LLC owned about 0.07% of Gambling.com Group at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in the stock. Quantbot Technologies LP purchased a new position in shares of Gambling.com Group during the 3rd quarter worth approximately $63,000. New York State Common Retirement Fund grew its stake in shares of Gambling.com Group by 101.3% in the fourth quarter. New York State Common Retirement Fund now owns 8,739 shares of the company’s stock valued at $85,000 after buying an additional 4,398 shares in the last quarter. M&T Bank Corp purchased a new stake in shares of Gambling.com Group in the 4th quarter valued at $107,000. Algert Global LLC acquired a new position in Gambling.com Group during the 3rd quarter worth about $145,000. Finally, Jump Financial LLC purchased a new position in Gambling.com Group during the 3rd quarter valued at about $206,000. 72.26% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on the stock. B. Riley dropped their price objective on shares of Gambling.com Group from $14.50 to $13.00 and set a “buy” rating for the company in a report on Friday, May 17th. Stifel Nicolaus reduced their price objective on Gambling.com Group from $16.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday, May 17th. Finally, Craig Hallum lowered their target price on Gambling.com Group from $15.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, May 17th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $14.00.
Check Out Our Latest Analysis on Gambling.com Group
Gambling.com Group Stock Performance
NASDAQ GAMB opened at $7.73 on Monday. The company has a fifty day moving average of $8.71 and a two-hundred day moving average of $9.10. The company has a market capitalization of $287.71 million, a PE ratio of 15.78 and a beta of 0.85. Gambling.com Group Limited has a 1 year low of $7.60 and a 1 year high of $14.83. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.75 and a quick ratio of 1.75.
Gambling.com Group (NASDAQ:GAMB – Get Free Report) last posted its earnings results on Thursday, March 21st. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.01). The firm had revenue of $32.53 million during the quarter, compared to analysts’ expectations of $27.63 million. Gambling.com Group had a net margin of 17.06% and a return on equity of 23.12%. As a group, analysts expect that Gambling.com Group Limited will post 0.76 earnings per share for the current 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.
Further Reading
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