Acadian Asset Management LLC Purchases 81,836 Shares of Gambling.com Group Limited $GAMB

Key Points

• Acadian Asset Management LLC raised its stake in Gambling.com Group Limited by 26.1%, acquiring an additional 81,836 shares, which brings their total ownership to approximately 1.14% of the company valued at nearly $5 million.
• Brokerages have recently dropped ratings for Gambling.com Group, with Zacks Research downgrading it from "strong-buy" to "hold," and several price targets cut significantly by analysts.
• The company reported earnings per share (EPS) of $0.37 for the last quarter, beating analyst estimates, and anticipates a projected EPS of 0.88 for the current fiscal year.

Acadian Asset Management LLC increased its stake in Gambling.com Group Limited (NASDAQ:GAMB - Free Report) by 26.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 394,841 shares of the company's stock after purchasing an additional 81,836 shares during the quarter. Acadian Asset Management LLC owned approximately 1.14% of Gambling.com Group worth $4,974,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of GAMB. Cubist Systematic Strategies LLC increased its position in shares of Gambling.com Group by 185.5% in the first quarter. Cubist Systematic Strategies LLC now owns 193,686 shares of the company's stock worth $2,444,000 after acquiring an additional 125,834 shares in the last quarter. Trexquant Investment LP purchased a new position in Gambling.com Group during the 1st quarter worth approximately $1,249,000. Steamboat Capital Partners LLC raised its stake in Gambling.com Group by 47.6% during the 1st quarter. Steamboat Capital Partners LLC now owns 147,422 shares of the company's stock valued at $1,860,000 after purchasing an additional 47,517 shares during the period. Jane Street Group LLC lifted its holdings in shares of Gambling.com Group by 119.4% in the fourth quarter. Jane Street Group LLC now owns 41,291 shares of the company's stock valued at $581,000 after purchasing an additional 22,471 shares in the last quarter. Finally, BNP Paribas Financial Markets acquired a new stake in shares of Gambling.com Group in the fourth quarter worth $1,337,000. 72.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GAMB has been the topic of several recent analyst reports. Zacks Research lowered Gambling.com Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 1st. BTIG Research dropped their target price on Gambling.com Group from $19.00 to $12.00 and set a "buy" rating on the stock in a report on Friday, August 15th. Jefferies Financial Group decreased their price target on shares of Gambling.com Group from $18.00 to $15.00 and set a "buy" rating for the company in a report on Friday, August 15th. Truist Financial downgraded shares of Gambling.com Group from a "buy" rating to a "hold" rating and lowered their price objective for the company from $17.00 to $11.00 in a research report on Friday, August 15th. Finally, Stifel Nicolaus cut their target price on shares of Gambling.com Group from $18.00 to $15.00 and set a "buy" rating for the company 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 stock. Based on data from MarketBeat, Gambling.com Group presently has an average rating of "Moderate Buy" and a consensus target price of $16.00.

Gambling.com Group Stock Down 0.1%

NASDAQ GAMB traded down $0.01 during trading on Monday, reaching $8.05. The company's stock had a trading volume of 677,340 shares, compared to its average volume of 690,200. The business has a 50-day moving average price of $9.79 and a 200-day moving average price of $11.49. Gambling.com Group Limited has a 1-year low of $7.93 and a 1-year high of $17.14. The stock has a market capitalization of $287.47 million, a PE ratio of 20.13 and a beta of 0.89. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.57.

Gambling.com Group (NASDAQ:GAMB - Get Free Report) last released its quarterly earnings results on Thursday, August 14th. The company reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $39.59 million for the quarter, compared to the consensus estimate of $38.93 million. Gambling.com Group has set its FY 2025 guidance at EPS. On average, research 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.