Driehaus Capital Management LLC Grows Stock Position in Gambling.com Group Limited $GAMB

Key Points

• Driehaus Capital Management LLC increased its stake in Gambling.com Group Limited by 47.4%, acquiring 241,386 additional shares and bringing its total ownership to 750,454 shares valued at approximately $9.47 million.
• Gambling.com Group reported $0.37 earnings per share (EPS) for the quarter, significantly exceeding analyst expectations of $0.12, and generated revenue of $39.59 million, also surpassing estimates.
• Several analysts downgraded Gambling.com Group's stock rating recently, with price targets being reduced from a high of $19.00 to as low as $11.00, despite a consensus rating of "Moderate Buy."

Driehaus Capital Management LLC boosted its stake in Gambling.com Group Limited (NASDAQ:GAMB - Free Report) by 47.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 750,454 shares of the company's stock after buying an additional 241,386 shares during the period. Driehaus Capital Management LLC owned approximately 2.16% of Gambling.com Group worth $9,471,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of GAMB. Trexquant Investment LP purchased a new stake in shares of Gambling.com Group in the 1st quarter valued at approximately $1,249,000. JT Stratford LLC acquired a new position in Gambling.com Group during the first quarter worth $210,000. Hsbc Holdings PLC boosted its position in shares of Gambling.com Group by 14.8% during the first quarter. Hsbc Holdings PLC now owns 17,834 shares of the company's stock worth $224,000 after buying an additional 2,302 shares during the period. Fuller & Thaler Asset Management Inc. purchased a new stake in Gambling.com Group during the first quarter worth about $431,000. Finally, Quantbot Technologies LP lifted its position in shares of Gambling.com Group by 48.3% during the first quarter. Quantbot Technologies LP now owns 15,180 shares of the company's stock worth $192,000 after purchasing an additional 4,947 shares in the last quarter. Institutional investors and hedge funds own 72.26% of the company's stock.

Wall Street Analyst Weigh In

GAMB has been the topic of a number of research reports. Zacks Research lowered shares of Gambling.com Group from a "strong-buy" rating to a "hold" rating in a report on Monday. BTIG Research reduced their price objective on Gambling.com Group from $19.00 to $12.00 and set a "buy" rating on the stock in a research note on Friday, August 15th. Truist Financial lowered Gambling.com Group from a "buy" rating to a "hold" rating and decreased their target price for the company from $17.00 to $11.00 in a report on Friday, August 15th. Stifel Nicolaus cut 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, Jefferies Financial Group reduced their price target on Gambling.com Group from $18.00 to $15.00 and set a "buy" rating on the stock in a research report on Friday, August 15th. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $16.00.

Gambling.com Group Stock Down 1.6%

Shares of NASDAQ:GAMB traded down $0.13 during trading on Thursday, hitting $8.17. 657,144 shares of the company were exchanged, compared to its average volume of 469,793. The firm's 50 day moving average price is $10.40 and its 200-day moving average price is $11.92. Gambling.com Group Limited has a 12-month low of $8.11 and a 12-month high of $17.14. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.59 and a quick ratio of 0.59. The stock has a market capitalization of $291.64 million, a P/E ratio of 20.44 and a beta of 0.89.

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