Clearbridge Investments LLC grew its position in Gambling.com Group Limited (NASDAQ:GAMB – Free Report) by 21.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 880,451 shares of the company’s stock after purchasing an additional 153,065 shares during the quarter. Clearbridge Investments LLC owned approximately 2.08% of Gambling.com Group worth $8,584,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also modified their holdings of the company. Dorsey Wright & Associates purchased a new position in shares of Gambling.com Group in the third quarter worth $26,000. Quantbot Technologies LP purchased a new position in shares of Gambling.com Group in the third quarter worth $63,000. New York State Common Retirement Fund lifted its holdings 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 worth $85,000 after buying an additional 4,398 shares in the last quarter. M&T Bank Corp purchased a new position in shares of Gambling.com Group in the fourth quarter worth $107,000. Finally, Algert Global LLC purchased a new position in shares of Gambling.com Group in the third quarter worth $145,000. 72.26% of the stock is currently owned by institutional investors.
Gambling.com Group Trading Up 0.9 %
GAMB stock opened at $7.96 on Friday. The company has a quick ratio of 1.45, a current ratio of 1.75 and a debt-to-equity ratio of 0.01. Gambling.com Group Limited has a twelve month low of $7.60 and a twelve month high of $14.83. The stock has a market capitalization of $296.27 million, a price-to-earnings ratio of 16.25 and a beta of 0.92. The firm’s fifty day simple moving average is $8.82 and its two-hundred day simple moving average is $9.33.
Gambling.com Group (NASDAQ:GAMB – Get Free Report) last posted its quarterly earnings data on Thursday, March 21st. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). Gambling.com Group had a net margin of 17.06% and a return on equity of 23.12%. The firm had revenue of $32.53 million for the quarter, compared to the consensus estimate of $27.63 million. As a group, analysts anticipate that Gambling.com Group Limited will post 0.76 earnings per share for the current year.
Wall Street Analyst Weigh In
GAMB has been the topic of a number of recent research reports. Craig Hallum decreased their price target on shares of Gambling.com Group from $15.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday, May 17th. B. Riley decreased their price target on shares of Gambling.com Group from $14.50 to $13.00 and set a “buy” rating on the stock in a research note on Friday, May 17th. Finally, Stifel Nicolaus decreased their price target on shares of 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. Eight investment 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 an average target price of $14.00.
Get Our Latest Stock Analysis on Gambling.com Group
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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