BNP Paribas Financial Markets Buys Shares of 94,966 Gambling.com Group Limited (NASDAQ:GAMB)

BNP Paribas Financial Markets acquired a new stake in shares of Gambling.com Group Limited (NASDAQ:GAMB - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 94,966 shares of the company's stock, valued at approximately $1,337,000. BNP Paribas Financial Markets owned approximately 0.26% of Gambling.com Group as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Topline Capital Management LLC purchased a new position in Gambling.com Group in the 4th quarter worth about $6,700,000. Hillsdale Investment Management Inc. boosted its position in shares of Gambling.com Group by 1,320.6% in the fourth quarter. Hillsdale Investment Management Inc. now owns 339,531 shares of the company's stock valued at $4,781,000 after acquiring an additional 315,631 shares during the period. Marshall Wace LLP boosted its position in shares of Gambling.com Group by 501.1% in the fourth quarter. Marshall Wace LLP now owns 323,781 shares of the company's stock valued at $4,559,000 after acquiring an additional 269,916 shares during the period. Orvieto Partners L.P. acquired a new position in shares of Gambling.com Group in the fourth quarter valued at $3,098,000. Finally, Topsail Wealth Management LLC acquired a new position in Gambling.com Group during the fourth quarter worth $2,400,000. 72.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Benchmark reiterated a "buy" rating and issued a $18.00 price target on shares of Gambling.com Group in a report on Thursday, February 20th. Cantor Fitzgerald began coverage on Gambling.com Group in a research report on Wednesday, March 5th. They set an "overweight" rating and a $20.00 price target on the stock. Wall Street Zen lowered Gambling.com Group from a "buy" rating to a "hold" rating in a report on Thursday. Truist Financial cut their target price on Gambling.com Group from $18.00 to $17.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Finally, Macquarie upped their target price on Gambling.com Group from $18.00 to $19.00 and gave the company an "outperform" rating in a research report on Friday, March 21st. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Gambling.com Group presently has an average rating of "Moderate Buy" and an average target price of $18.25.

Gambling.com Group Price Performance

NASDAQ GAMB traded down $0.28 during trading on Friday, hitting $11.92. 249,735 shares of the company's stock were exchanged, compared to its average volume of 288,596. The stock's 50 day moving average price is $12.67 and its two-hundred day moving average price is $13.46. Gambling.com Group Limited has a fifty-two week low of $7.52 and a fifty-two week high of $17.14. 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 $414.37 million, a PE ratio of 15.28 and a beta of 1.04.

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, beating analysts' consensus estimates of $0.19 by $0.27. The business had revenue of $40.64 million during the quarter, compared to the consensus estimate of $40.07 million. Gambling.com Group had a net margin of 23.40% and a return on equity of 25.06%. Research analysts expect 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.