Centiva Capital LP Acquires New Stake in Gambling.com Group Limited (NASDAQ:GAMB)

Centiva Capital LP bought a new stake in Gambling.com Group Limited (NASDAQ:GAMB - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 19,485 shares of the company's stock, valued at approximately $274,000. Centiva Capital LP owned about 0.05% of Gambling.com Group at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in GAMB. Barclays PLC boosted its holdings in Gambling.com Group by 94.0% in the 3rd quarter. Barclays PLC now owns 38,494 shares of the company's stock valued at $385,000 after purchasing an additional 18,656 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Gambling.com Group in the fourth quarter valued at approximately $163,000. Exchange Traded Concepts LLC boosted its stake in shares of Gambling.com Group by 2.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 49,799 shares of the company's stock valued at $701,000 after buying an additional 1,325 shares during the period. Gagnon Securities LLC acquired a new stake in Gambling.com Group during the fourth quarter worth approximately $317,000. Finally, New York State Common Retirement Fund increased its stake in Gambling.com Group by 138.4% during the 4th quarter. New York State Common Retirement Fund now owns 10,497 shares of the company's stock worth $148,000 after acquiring an additional 6,093 shares during the period. Institutional investors own 72.26% of the company's stock.

Gambling.com Group Price Performance

Shares of Gambling.com Group stock traded down $0.09 during midday trading on Friday, hitting $12.43. 844,031 shares of the company traded hands, compared to its average volume of 283,524. The firm's fifty day moving average price is $12.66 and its 200-day moving average price is $13.30. The stock has a market cap of $432.10 million, a price-to-earnings ratio of 15.94 and a beta of 1.04. Gambling.com Group Limited has a 12 month low of $7.52 and a 12 month high of $17.14. 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 (NASDAQ:GAMB - Get Free Report) last posted its earnings results on Thursday, May 15th. The company reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.25 by $0.21. Gambling.com Group had a net margin of 23.40% and a return on equity of 25.06%. As a group, sell-side analysts forecast that Gambling.com Group Limited will post 0.88 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Gambling.com Group 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.