Driehaus Capital Management LLC Purchases New Holdings in Gambling.com Group Limited (NASDAQ:GAMB)

Driehaus Capital Management LLC bought a new position in shares of Gambling.com Group Limited (NASDAQ:GAMB - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 509,068 shares of the company's stock, valued at approximately $7,168,000. Driehaus Capital Management LLC owned about 1.37% of Gambling.com Group as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. LPL Financial LLC raised its holdings in Gambling.com Group by 8.7% during the 4th quarter. LPL Financial LLC now owns 28,549 shares of the company's stock valued at $402,000 after buying an additional 2,275 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Gambling.com Group by 12.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 503,426 shares of the company's stock worth $7,089,000 after buying an additional 56,268 shares during the period. Barclays PLC grew its position in shares of Gambling.com Group by 94.0% during the 3rd quarter. Barclays PLC now owns 38,494 shares of the company's stock worth $385,000 after buying an additional 18,656 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Gambling.com Group during the fourth quarter valued at $2,280,000. Finally, Gagnon Securities LLC purchased a new position in shares of Gambling.com Group during the fourth quarter valued at $317,000. Hedge funds and other institutional investors own 72.26% of the company's stock.

Wall Street Analysts Forecast Growth

GAMB has been the subject of a number of recent research reports. Jefferies Financial Group boosted their target price on shares of Gambling.com Group from $20.00 to $21.00 and gave the stock a "buy" rating in a report on Wednesday, January 15th. Truist Financial reduced 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 started coverage on shares of 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 issued a $18.00 price target on shares of Gambling.com Group in a report on Thursday, February 20th. Finally, Macquarie increased their price objective on Gambling.com Group from $18.00 to $19.00 and gave the company an "outperform" rating in a report on Friday, March 21st. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Gambling.com Group has a consensus rating of "Buy" and an average target price of $17.67.

Gambling.com Group Stock Performance

Shares of NASDAQ GAMB traded up $0.37 during midday trading on Tuesday, reaching $14.58. The company had a trading volume of 249,068 shares, compared to its average volume of 276,323. Gambling.com Group Limited has a 1 year low of $7.52 and a 1 year high of $17.14. The business's 50-day simple moving average is $12.57 and its 200 day simple moving average is $13.26. 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 stock has a market cap of $506.84 million, a P/E ratio of 18.69 and a beta of 1.04.

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