Lazard Asset Management LLC Has $1.03 Million Stake in Gambling.com Group Limited (NASDAQ:GAMB)

Lazard Asset Management LLC raised its holdings in Gambling.com Group Limited (NASDAQ:GAMB - Free Report) by 61.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 73,124 shares of the company's stock after purchasing an additional 27,844 shares during the quarter. Lazard Asset Management LLC owned about 0.20% of Gambling.com Group worth $1,029,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the stock. G2 Investment Partners Management LLC grew its stake in Gambling.com Group by 22.8% during the fourth quarter. G2 Investment Partners Management LLC now owns 825,147 shares of the company's stock worth $11,618,000 after buying an additional 153,173 shares in the last quarter. D. E. Shaw & Co. Inc. increased its holdings in shares of Gambling.com Group by 255.8% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 157,728 shares of the company's stock valued at $2,221,000 after acquiring an additional 113,396 shares during the last quarter. Driehaus Capital Management LLC acquired a new position in Gambling.com Group in the 4th quarter worth about $7,168,000. Cubist Systematic Strategies LLC lifted its position in shares of Gambling.com Group by 43.7% in the 4th quarter. Cubist Systematic Strategies LLC now owns 67,852 shares of the company's stock worth $955,000 after acquiring an additional 20,624 shares during the period. Finally, Centiva Capital LP bought a new position in Gambling.com Group during the fourth quarter worth about $274,000. Hedge funds and other institutional investors own 72.26% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Cantor Fitzgerald assumed coverage on shares of Gambling.com Group in a report on Wednesday, March 5th. They issued an "overweight" rating and a $20.00 price objective for the company. Benchmark reaffirmed a "buy" rating and set a $18.00 price objective on shares of Gambling.com Group in a report on Thursday, February 20th. Truist Financial reduced their price objective on shares of Gambling.com Group from $18.00 to $17.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Wall Street Zen downgraded Gambling.com Group from a "buy" rating to a "hold" rating in a research note on Thursday. Finally, Macquarie raised their target price on Gambling.com Group from $18.00 to $19.00 and gave the company an "outperform" rating in a research report on Friday, March 21st. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $18.25.

Gambling.com Group Trading Down 2.3%

Shares of GAMB stock traded down $0.28 during mid-day trading on Friday, hitting $11.92. 249,735 shares of the company's stock were exchanged, compared to its average volume of 288,596. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.20. Gambling.com Group Limited has a fifty-two week low of $7.52 and a fifty-two week high of $17.14. The stock has a 50-day simple moving average of $12.67 and a two-hundred day simple moving average of $13.46. The stock has a market cap of $414.37 million, a price-to-earnings ratio of 15.28 and a beta of 1.04.

Gambling.com Group (NASDAQ:GAMB - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The company reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.27. The company had revenue of $40.64 million during the quarter, compared to analyst estimates of $40.07 million. Gambling.com Group had a net margin of 23.40% and a return on equity of 25.06%. Equities analysts expect that Gambling.com Group Limited will post 0.88 EPS for the current fiscal year.

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.