AWM Investment Company Inc. Has $21.36 Million Holdings in Gambling.com Group Limited (NASDAQ:GAMB)

AWM Investment Company Inc. grew its holdings in shares of Gambling.com Group Limited (NASDAQ:GAMB - Free Report) by 9.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,517,259 shares of the company's stock after acquiring an additional 135,000 shares during the quarter. Gambling.com Group comprises approximately 2.6% of AWM Investment Company Inc.'s holdings, making the stock its 8th largest position. AWM Investment Company Inc. owned approximately 4.08% of Gambling.com Group worth $21,363,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. SG Americas Securities LLC bought a new stake in shares of Gambling.com Group in the 4th quarter worth $163,000. Exchange Traded Concepts LLC raised its position in Gambling.com Group by 2.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 49,799 shares of the company's stock worth $701,000 after acquiring an additional 1,325 shares in the last quarter. Gagnon Securities LLC bought a new stake in Gambling.com Group in the fourth quarter worth about $317,000. New York State Common Retirement Fund lifted its holdings in Gambling.com Group by 138.4% in the 4th quarter. New York State Common Retirement Fund now owns 10,497 shares of the company's stock valued at $148,000 after acquiring an additional 6,093 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its position in shares of Gambling.com Group by 1,613.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,971 shares of the company's stock valued at $28,000 after purchasing an additional 1,856 shares in the last quarter. Institutional investors own 72.26% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on GAMB. Wall Street Zen downgraded Gambling.com Group from a "buy" rating to a "hold" rating in a research report on Thursday. Cantor Fitzgerald initiated coverage on shares of Gambling.com Group in a research report on Wednesday, March 5th. They issued an "overweight" rating and a $20.00 price target for the company. Macquarie raised their price objective on shares of Gambling.com Group from $18.00 to $19.00 and gave the stock an "outperform" rating in a research note on Friday, March 21st. Benchmark reaffirmed 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, Truist Financial dropped their price target on Gambling.com Group from $18.00 to $17.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $18.25.

Gambling.com Group Trading Down 2.3%

Shares of GAMB stock traded down $0.28 during trading hours on Monday, reaching $11.92. The company had a trading volume of 249,735 shares, compared to its average volume of 288,596. The firm has a market cap of $414.37 million, a price-to-earnings ratio of 15.28 and a beta of 1.04. Gambling.com Group Limited has a 1-year low of $7.52 and a 1-year high of $17.14. The company has a 50 day moving average of $12.67 and a 200 day moving average of $13.46. 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 quarterly earnings results on Thursday, May 15th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.27. The firm had revenue of $40.64 million for the quarter, compared to the consensus estimate of $40.07 million. Gambling.com Group had a return on equity of 25.06% and a net margin of 23.40%. On average, equities research analysts anticipate 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.