Strs Ohio Takes Position in Gambling.com Group Limited $GAMB

Key Points

• Strs Ohio has acquired 39,900 shares of Gambling.com Group Limited for approximately $504,000, representing a 0.11% stake in the company as of its latest SEC filing.
• Gambling.com Group's stock has seen recent target price adjustments from several analysts, with most reduction targets set between $11.00 and $15.00, although it maintains an overall “Moderate Buy” rating.
• The company reported a $0.37 EPS for the latest quarter, significantly exceeding the consensus estimate of $0.12, along with a net margin of 9.66% and revenue of $39.59 million.

Strs Ohio purchased a new position in shares of Gambling.com Group Limited (NASDAQ:GAMB - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 39,900 shares of the company's stock, valued at approximately $504,000. Strs Ohio owned 0.11% of Gambling.com Group as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in GAMB. Driehaus Capital Management LLC lifted its holdings in Gambling.com Group by 47.4% during the 1st quarter. Driehaus Capital Management LLC now owns 750,454 shares of the company's stock worth $9,471,000 after purchasing an additional 241,386 shares in the last quarter. Cubist Systematic Strategies LLC lifted its holdings in Gambling.com Group by 185.5% during the 1st quarter. Cubist Systematic Strategies LLC now owns 193,686 shares of the company's stock worth $2,444,000 after purchasing an additional 125,834 shares in the last quarter. Trexquant Investment LP purchased a new stake in Gambling.com Group during the 1st quarter worth about $1,249,000. Acadian Asset Management LLC lifted its holdings in Gambling.com Group by 26.1% during the 1st quarter. Acadian Asset Management LLC now owns 394,841 shares of the company's stock worth $4,974,000 after purchasing an additional 81,836 shares in the last quarter. Finally, Bastion Asset Management Inc. purchased a new stake in Gambling.com Group during the 1st quarter worth about $833,000. Hedge funds and other institutional investors own 72.26% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on GAMB shares. Wall Street Zen cut Gambling.com Group from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Truist Financial cut Gambling.com Group from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $17.00 to $11.00 in a report on Friday, August 15th. Stifel Nicolaus dropped their price objective on Gambling.com Group from $18.00 to $15.00 and set a "buy" rating on the stock in a report on Friday, August 15th. Jefferies Financial Group lowered their price target on Gambling.com Group from $18.00 to $15.00 and set a "buy" rating on the stock in a report on Friday, August 15th. Finally, Zacks Research cut Gambling.com Group from a "strong-buy" rating to a "hold" rating in a report on Monday, September 1st. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $16.00.

Gambling.com Group Trading Up 2.8%

GAMB traded up $0.23 on Monday, hitting $8.49. 703,949 shares of the company were exchanged, compared to its average volume of 594,305. The firm has a fifty day simple moving average of $9.49 and a two-hundred day simple moving average of $11.34. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.59 and a current ratio of 0.59. Gambling.com Group Limited has a 12 month low of $7.93 and a 12 month high of $17.14. The stock has a market capitalization of $303.18 million, a PE ratio of 5.78 and a beta of 0.89.

Gambling.com Group (NASDAQ:GAMB - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The company reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.25. The firm had revenue of $39.59 million for the quarter, compared to analyst estimates of $38.93 million. Gambling.com Group had a return on equity of 38.04% and a net margin of 9.66%. Gambling.com Group has set its FY 2025 guidance at EPS. Sell-side analysts expect 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.