Topline Capital Management LLC Takes Position in Gambling.com Group Limited (NASDAQ:GAMB)

Topline Capital Management LLC acquired a new position in Gambling.com Group Limited (NASDAQ:GAMB - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 475,851 shares of the company's stock, valued at approximately $6,700,000. Gambling.com Group comprises 1.3% of Topline Capital Management LLC's investment portfolio, making the stock its 16th biggest holding. Topline Capital Management LLC owned about 1.28% of Gambling.com Group as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Global Retirement Partners LLC grew its holdings in 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 valued at $28,000 after purchasing an additional 1,856 shares during the period. Russell Investments Group Ltd. grew its stake in Gambling.com Group by 1,968.4% in the 4th quarter. Russell Investments Group Ltd. now owns 2,420 shares of the company's stock valued at $34,000 after acquiring an additional 2,303 shares during the period. Quadrant Capital Group LLC increased its holdings in Gambling.com Group by 481.8% in the 4th quarter. Quadrant Capital Group LLC now owns 2,461 shares of the company's stock worth $35,000 after acquiring 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 $49,000. Finally, Quantbot Technologies LP lifted its holdings in Gambling.com Group by 12,853.2% during the fourth quarter. Quantbot Technologies LP now owns 10,233 shares of the company's stock valued at $144,000 after purchasing an additional 10,154 shares in the last quarter. 72.26% of the stock is owned by hedge funds and other institutional investors.

Gambling.com Group Trading Down 0.3 %

Shares of NASDAQ GAMB traded down $0.04 on Wednesday, reaching $12.84. 66,077 shares of the company traded hands, compared to its average volume of 270,541. The stock has a market capitalization of $446.36 million, a PE ratio of 16.46 and a beta of 1.04. Gambling.com Group Limited has a fifty-two week low of $7.52 and a fifty-two week high of $17.14. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.20. The company has a 50 day moving average of $12.70 and a 200 day moving average of $13.01.

Gambling.com Group (NASDAQ:GAMB - Get Free Report) last announced its quarterly earnings results on Thursday, March 20th. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.25 by $0.10. The company had revenue of $35.30 million during 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%. Gambling.com Group's quarterly revenue was up 8.6% compared to the same quarter last year. On average, equities research analysts forecast that Gambling.com Group Limited will post 0.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on GAMB shares. Truist Financial dropped their price objective 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. Cantor Fitzgerald began coverage on Gambling.com Group in a research report on Wednesday, March 5th. They issued an "overweight" rating and a $20.00 target price on the stock. Macquarie raised their price objective on shares of Gambling.com Group from $18.00 to $19.00 and gave the company an "outperform" rating in a research note on Friday, March 21st. Jefferies Financial Group raised their price target on shares of Gambling.com Group from $20.00 to $21.00 and gave the company a "buy" rating in a research report on Wednesday, January 15th. Finally, Benchmark reaffirmed a "buy" rating and set a $18.00 price objective on shares of Gambling.com Group in a research report on Thursday, February 20th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Gambling.com Group has an average rating of "Buy" and an average target price of $17.67.

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.