Cubist Systematic Strategies LLC Buys 20,624 Shares of Gambling.com Group Limited (NASDAQ:GAMB)

Cubist Systematic Strategies LLC boosted its position in shares of Gambling.com Group Limited (NASDAQ:GAMB - Free Report) by 43.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 67,852 shares of the company's stock after acquiring an additional 20,624 shares during the period. Cubist Systematic Strategies LLC owned 0.18% of Gambling.com Group worth $955,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Northern Trust Corp lifted its position in Gambling.com Group by 0.9% during the fourth quarter. Northern Trust Corp now owns 109,928 shares of the company's stock valued at $1,548,000 after acquiring an additional 1,003 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in Gambling.com Group by 2.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 49,799 shares of the company's stock valued at $701,000 after acquiring an additional 1,325 shares during the last quarter. Global Retirement Partners LLC lifted its position in Gambling.com Group by 1,613.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,971 shares of the company's stock valued at $28,000 after acquiring an additional 1,856 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Gambling.com Group by 1.7% in the fourth quarter. Ameriprise Financial Inc. now owns 120,007 shares of the company's stock worth $1,690,000 after acquiring an additional 2,017 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted 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 worth $35,000 after acquiring an additional 2,038 shares in the last quarter. Hedge funds and other institutional investors own 72.26% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on GAMB shares. Cantor Fitzgerald started coverage on Gambling.com Group in a report on Wednesday, March 5th. They issued an "overweight" rating and a $20.00 price target for the company. Benchmark reissued a "buy" rating and issued a $18.00 price target on shares of Gambling.com Group in a report on Thursday, February 20th. Truist Financial lowered their price target on Gambling.com Group from $18.00 to $17.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Macquarie boosted their price objective on shares of Gambling.com Group from $18.00 to $19.00 and gave the company an "outperform" rating in a report on Friday, March 21st. Finally, Jefferies Financial Group boosted 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. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $17.67.

Gambling.com Group Price Performance

Shares of NASDAQ:GAMB opened at $14.72 on Thursday. Gambling.com Group Limited has a twelve month low of $7.52 and a twelve month high of $17.14. The company's 50 day moving average is $12.65 and its 200 day moving average is $13.28. 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 market cap of $511.71 million, a PE ratio of 18.87 and a beta of 1.04.

Gambling.com Group (NASDAQ:GAMB - Get Free Report) last issued its quarterly earnings results on Thursday, March 20th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.10. The company had revenue of $35.30 million for the quarter, compared to the consensus estimate of $35.20 million. Gambling.com Group had a net margin of 23.40% and a return on equity of 25.06%. The company's revenue for the quarter was up 8.6% on a year-over-year basis. On average, sell-side analysts forecast that Gambling.com Group Limited will post 0.88 EPS for the current year.

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.

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