Gambling.com Group Limited $GAMB Stock Position Raised by Cubist Systematic Strategies LLC

Key Points

• Cubist Systematic Strategies LLC significantly increased its stake in Gambling.com Group Limited by 185.5%, owning 193,686 shares valued at approximately $2.44 million.
• Gambling.com Group reported strong earnings, with an EPS of $0.37 for the recent quarter, surpassing analysts' estimates of $0.12.
• Wall Street analysts have lowered their target prices for Gambling.com Group, with an average target now at $16.00 and a consensus rating of "Moderate Buy."

Cubist Systematic Strategies LLC grew its position in shares of Gambling.com Group Limited (NASDAQ:GAMB - Free Report) by 185.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 193,686 shares of the company's stock after buying an additional 125,834 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.56% of Gambling.com Group worth $2,444,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN raised its position in Gambling.com Group by 47.9% during the fourth quarter. Wells Fargo & Company MN now owns 11,300 shares of the company's stock valued at $159,000 after acquiring an additional 3,660 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Gambling.com Group by 12.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 503,426 shares of the company's stock worth $7,089,000 after purchasing an additional 56,268 shares during the last quarter. Price T Rowe Associates Inc. MD bought a new position in shares of Gambling.com Group during the 4th quarter valued at $794,000. Northern Trust Corp lifted its stake in shares of Gambling.com Group by 0.9% in the 4th quarter. Northern Trust Corp now owns 109,928 shares of the company's stock valued at $1,548,000 after purchasing an additional 1,003 shares during the last quarter. Finally, Jane Street Group LLC lifted its stake in shares of Gambling.com Group by 119.4% in the 4th 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 during the last quarter. Institutional investors and hedge funds own 72.26% of the company's stock.

Gambling.com Group Stock Up 0.5%

GAMB opened at $8.26 on Friday. The business has a 50 day moving average of $10.25 and a 200-day moving average of $11.78. The stock has a market capitalization of $294.96 million, a price-to-earnings ratio of 20.65 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 Limited has a 1-year low of $8.03 and a 1-year 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. 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 analyst estimates of $38.93 million. Gambling.com Group has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Gambling.com Group Limited will post 0.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on GAMB shares. BTIG Research lowered their target price on shares of Gambling.com Group from $19.00 to $12.00 and set a "buy" rating on the stock in a research report on Friday, August 15th. Truist Financial lowered 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 report on Friday, August 15th. Wall Street Zen lowered Gambling.com Group from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Jefferies Financial Group lowered 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, Stifel Nicolaus dropped their price target on shares of 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 equities 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 stock has an average rating of "Moderate Buy" and an average target price of $16.00.

Gambling.com Group 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.