Boothbay Fund Management LLC Buys 38,394 Shares of Gambling.com Group Limited (NASDAQ:GAMB)

Boothbay Fund Management LLC increased its position in shares of Gambling.com Group Limited (NASDAQ:GAMB - Free Report) by 32.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 155,162 shares of the company's stock after buying an additional 38,394 shares during the period. Boothbay Fund Management LLC owned 0.42% of Gambling.com Group worth $2,185,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. LPL Financial LLC raised its position in shares of Gambling.com Group by 8.7% in the 4th quarter. LPL Financial LLC now owns 28,549 shares of the company's stock worth $402,000 after acquiring an additional 2,275 shares in the last quarter. Barclays PLC grew its stake in Gambling.com Group by 94.0% during the third quarter. Barclays PLC now owns 38,494 shares of the company's stock worth $385,000 after purchasing an additional 18,656 shares during the period. Los Angeles Capital Management LLC bought a new stake in Gambling.com Group in the fourth quarter worth approximately $2,280,000. Gagnon Securities LLC acquired a new position in Gambling.com Group in the fourth quarter valued at approximately $317,000. Finally, M&T Bank Corp bought a new position in shares of Gambling.com Group during the 4th quarter worth approximately $195,000. Institutional investors and hedge funds own 72.26% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on GAMB. Macquarie boosted their target price on shares of Gambling.com Group from $18.00 to $19.00 and gave the company an "outperform" rating in a research report on Friday, March 21st. Jefferies Financial Group upped their price objective on shares of Gambling.com Group from $20.00 to $21.00 and gave the company a "buy" rating in a report on Wednesday, January 15th. Cantor Fitzgerald started coverage on Gambling.com Group in a research note on Wednesday, March 5th. They issued an "overweight" rating and a $20.00 target price for the company. Benchmark reaffirmed a "buy" rating and set a $18.00 price target on shares of Gambling.com Group in a research note on Thursday, February 20th. Finally, Truist Financial cut their price target on Gambling.com Group from $18.00 to $17.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $17.67.

Gambling.com Group Stock Up 2.4 %

Shares of Gambling.com Group stock traded up $0.31 on Friday, hitting $13.17. The company had a trading volume of 289,688 shares, compared to its average volume of 274,122. The stock has a market capitalization of $457.83 million, a price-to-earnings ratio of 16.88 and a beta of 1.04. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.03 and a current ratio of 1.03. Gambling.com Group Limited has a 1 year low of $7.52 and a 1 year high of $17.14. The stock has a 50 day moving average of $12.61 and a 200-day moving average of $13.08.

Gambling.com Group (NASDAQ:GAMB - Get Free Report) last released its quarterly earnings results on Thursday, March 20th. The company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.25 by $0.10. The business 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 revenue was up 8.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Gambling.com Group Limited will post 0.88 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.