D. E. Shaw & Co. Inc. Raises Position in Gambling.com Group Limited (NASDAQ:GAMB)

D. E. Shaw & Co. Inc. grew its position in shares of Gambling.com Group Limited (NASDAQ:GAMB - Free Report) by 255.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 157,728 shares of the company's stock after purchasing an additional 113,396 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.42% of Gambling.com Group worth $2,221,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GAMB. Driehaus Capital Management LLC bought a new position in shares of Gambling.com Group in the 4th quarter worth about $7,168,000. Cubist Systematic Strategies LLC increased its holdings in Gambling.com Group by 43.7% in the fourth quarter. Cubist Systematic Strategies LLC now owns 67,852 shares of the company's stock worth $955,000 after purchasing an additional 20,624 shares in the last quarter. Centiva Capital LP acquired a new position in Gambling.com Group in the fourth quarter valued at approximately $274,000. BNP Paribas Financial Markets bought a new position in shares of Gambling.com Group during the 4th quarter worth approximately $1,337,000. Finally, Ameriprise Financial Inc. grew its position in shares of Gambling.com Group by 1.7% during the 4th quarter. Ameriprise Financial Inc. now owns 120,007 shares of the company's stock worth $1,690,000 after buying an additional 2,017 shares during the period. Institutional investors and hedge funds own 72.26% of the company's stock.

Gambling.com Group Stock Down 2.3%

Shares of Gambling.com Group stock traded down $0.28 on Monday, hitting $11.92. The company had a trading volume of 249,735 shares, compared to its average volume of 288,596. Gambling.com Group Limited has a 1 year low of $7.52 and a 1 year high of $17.14. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a 50 day moving average of $12.66 and a 200-day moving average of $13.47. The stock has a market capitalization 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 results on Thursday, May 15th. The company reported $0.46 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.27. Gambling.com Group had a return on equity of 25.06% and a net margin of 23.40%. The business had revenue of $40.64 million during the quarter, compared to analyst estimates of $40.07 million. As a group, sell-side analysts forecast that Gambling.com Group Limited will post 0.88 earnings per share for the current year.

Analysts Set New Price Targets

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

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.