Steamboat Capital Partners LLC Purchases 47,517 Shares of Gambling.com Group Limited $GAMB

Key Points

• Steamboat Capital Partners LLC increased its stake in Gambling.com Group Limited by 47.6%, owning approximately 0.42% of the company, worth $1.86 million as of its latest SEC filing.
• The company reported earnings of $0.37 EPS, exceeding estimates and achieving net revenue of $39.59 million for the last quarter.
• Recent analyst ratings have downgraded Gambling.com Group, with average target prices reduced to approximately $16.00, despite maintaining several "buy" ratings.

Steamboat Capital Partners LLC increased its position in Gambling.com Group Limited (NASDAQ:GAMB - Free Report) by 47.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 147,422 shares of the company's stock after purchasing an additional 47,517 shares during the quarter. Steamboat Capital Partners LLC owned 0.42% of Gambling.com Group worth $1,860,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Driehaus Capital Management LLC lifted its holdings in Gambling.com Group by 47.4% in the 1st quarter. Driehaus Capital Management LLC now owns 750,454 shares of the company's stock worth $9,471,000 after buying an additional 241,386 shares in the last quarter. Trexquant Investment LP bought a new stake in Gambling.com Group in the first quarter valued at about $1,249,000. JT Stratford LLC bought a new stake in Gambling.com Group in the first quarter valued at about $210,000. Hsbc Holdings PLC increased its holdings in Gambling.com Group by 14.8% in the first quarter. Hsbc Holdings PLC now owns 17,834 shares of the company's stock valued at $224,000 after buying an additional 2,302 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. bought a new stake in Gambling.com Group in the first quarter valued at about $431,000. 72.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Gambling.com Group Price Performance

Shares of Gambling.com Group stock traded down $0.07 on Wednesday, hitting $8.30. The company had a trading volume of 626,453 shares, compared to its average volume of 904,391. The company has a market cap of $296.39 million, a PE ratio of 6.10 and a beta of 0.89. Gambling.com Group Limited has a 52 week low of $8.23 and a 52 week 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 business has a 50-day simple moving average of $10.46 and a 200-day simple moving average of $11.95.

Gambling.com Group (NASDAQ:GAMB - Get Free Report) last issued its earnings results on Thursday, August 14th. The company reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.25. The firm 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. Research analysts expect that Gambling.com Group Limited will post 0.88 EPS 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.