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

Other hedge funds have also recently bought and sold shares of the company. Simplex Trading LLC boosted its holdings in Gambling.com Group by 191.0% in the 1st quarter. Simplex Trading LLC now owns 3,899 shares of the company's stock valued at $49,000 after purchasing an additional 2,559 shares during the period. Public Employees Retirement System of Ohio bought a new stake in Gambling.com Group in the 4th quarter valued at $197,000. Summit Trail Advisors LLC bought a new stake in Gambling.com Group in the 1st quarter valued at $177,000. Deutsche Bank AG boosted its holdings in Gambling.com Group by 2,516.7% in the 1st quarter. Deutsche Bank AG now owns 14,444 shares of the company's stock valued at $182,000 after purchasing an additional 13,892 shares during the period. Finally, Quantbot Technologies LP boosted its holdings in Gambling.com Group by 48.3% in the 1st quarter. Quantbot Technologies LP now owns 15,180 shares of the company's stock valued at $192,000 after purchasing an additional 4,947 shares during the period. 72.26% of the stock is owned by institutional investors.

Gambling.com Group Price Performance

Shares of Gambling.com Group stock traded up $0.26 during mid-day trading on Thursday, reaching $8.31. 478,479 shares of the stock were exchanged, compared to its average volume of 615,791. The company has a market cap of $296.75 million, a price-to-earnings ratio of 20.78 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. The firm has a 50-day simple moving average of $9.55 and a 200 day simple moving average of $11.40. Gambling.com Group Limited has a fifty-two week low of $7.93 and a fifty-two week high of $17.14.

Gambling.com Group (NASDAQ:GAMB - Get Free Report) last announced its earnings results on Thursday, August 14th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.25. The business had revenue of $39.59 million during the quarter, compared to analysts' expectations of $38.93 million. Gambling.com Group had a net margin of 9.66% and a return on equity of 38.04%. Gambling.com Group has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Gambling.com Group Limited will post 0.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on GAMB shares. Truist Financial cut shares of Gambling.com Group from a "buy" rating to a "hold" rating and dropped their price objective for the company from $17.00 to $11.00 in a research note on Friday, August 15th. Stifel Nicolaus dropped their price objective on shares of Gambling.com Group from $18.00 to $15.00 and set a "buy" rating for the company in a research note on Friday, August 15th. Wall Street Zen cut shares of Gambling.com Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 16th. Zacks Research cut shares of Gambling.com Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 1st. Finally, BTIG Research dropped their price objective on shares of Gambling.com Group from $19.00 to $12.00 and set a "buy" rating for the company in a research note on Friday, August 15th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $16.00.

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.