Cubist Systematic Strategies LLC grew its stake in shares of Gambling.com Group Limited (NASDAQ:GAMB - Free Report) by 43.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 67,852 shares of the company's stock after purchasing an additional 20,624 shares during the quarter. Cubist Systematic Strategies LLC owned 0.18% of Gambling.com Group worth $955,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of GAMB. Global Retirement Partners LLC increased 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 buying an additional 1,856 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in Gambling.com Group by 1,968.4% in the fourth quarter. Russell Investments Group Ltd. now owns 2,420 shares of the company's stock valued at $34,000 after buying an additional 2,303 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in Gambling.com Group by 481.8% in the fourth quarter. Quadrant Capital Group LLC now owns 2,461 shares of the company's stock valued at $35,000 after buying an additional 2,038 shares during the last quarter. IFP Advisors Inc bought a new stake in Gambling.com Group in the fourth quarter valued at about $49,000. Finally, Quarry LP bought a new stake in Gambling.com Group in the fourth quarter valued at about $128,000. Institutional investors and hedge funds own 72.26% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have commented on GAMB. Cantor Fitzgerald began 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. Macquarie lifted their target price on Gambling.com Group from $18.00 to $19.00 and gave the company an "outperform" rating in a research note on Friday, March 21st. Benchmark restated a "buy" rating and issued a $18.00 target price on shares of Gambling.com Group in a research note on Thursday, February 20th. Finally, Truist Financial decreased their target price on 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. Eight research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Gambling.com Group currently has a consensus rating of "Buy" and an average target price of $18.25.
Check Out Our Latest Report on Gambling.com Group
Gambling.com Group Stock Performance
GAMB stock traded up $0.22 on Tuesday, reaching $12.57. The company's stock had a trading volume of 409,822 shares, compared to its average volume of 282,251. Gambling.com Group Limited has a 52 week low of $7.52 and a 52 week high of $17.14. The company has a market capitalization of $436.80 million, a P/E ratio of 16.13 and a beta of 1.04. The firm has a fifty day moving average of $12.67 and a two-hundred day moving average of $13.39. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 1.03.
Gambling.com Group (NASDAQ:GAMB - Get Free Report) last released 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 return on equity of 25.06% and a net margin of 23.40%. As a group, analysts predict that Gambling.com Group Limited will post 0.88 EPS for the current fiscal year.
Gambling.com Group Company Profile
(
Free Report)
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
Before you consider Gambling.com Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Gambling.com Group wasn't on the list.
While Gambling.com Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
