Wedge Capital Management L L P NC Reduces Position in Gambling.com Group Limited (NASDAQ:GAMB)

Wedge Capital Management L L P NC decreased its holdings in Gambling.com Group Limited (NASDAQ:GAMB - Free Report) by 24.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 121,405 shares of the company's stock after selling 38,698 shares during the quarter. Wedge Capital Management L L P NC owned 0.35% of Gambling.com Group worth $1,532,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in GAMB. Jane Street Group LLC boosted its position in 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 buying an additional 22,471 shares during the period. LPL Financial LLC increased its position in shares of Gambling.com Group by 8.7% during the fourth quarter. LPL Financial LLC now owns 28,549 shares of the company's stock worth $402,000 after acquiring an additional 2,275 shares during the period. BNP Paribas Financial Markets acquired a new stake in shares of Gambling.com Group in the fourth quarter valued at $1,337,000. Dimensional Fund Advisors LP boosted its holdings in Gambling.com Group by 12.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 503,426 shares of the company's stock valued at $7,089,000 after purchasing an additional 56,268 shares during the period. Finally, Centiva Capital LP acquired a new position in Gambling.com Group during the 4th quarter worth $274,000. Institutional investors and hedge funds own 72.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on GAMB shares. Cantor Fitzgerald initiated coverage on Gambling.com Group in a research report on Wednesday, March 5th. They issued an "overweight" rating and a $20.00 price target on the stock. Benchmark reaffirmed a "buy" rating and issued a $18.00 target price on shares of Gambling.com Group in a report on Thursday, February 20th. Truist Financial decreased their price target on shares of 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. Macquarie increased their price objective on shares of Gambling.com Group from $18.00 to $19.00 and gave the company an "outperform" rating in a research report on Friday, March 21st. Finally, Wall Street Zen upgraded shares of Gambling.com Group from a "hold" rating to a "buy" rating in a report on Friday, May 30th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $18.25.

Gambling.com Group Stock Down 2.3%

Gambling.com Group stock traded down $0.29 during mid-day trading on Thursday, hitting $12.11. The company had a trading volume of 415,047 shares, compared to its average volume of 305,004. 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 1 year low of $7.57 and a 1 year high of $17.14. The business has a fifty day moving average of $12.43 and a 200 day moving average of $13.45. The stock has a market cap of $420.98 million, a price-to-earnings ratio of 15.53 and a beta of 0.95.

Gambling.com Group (NASDAQ:GAMB - Get Free Report) last issued its earnings results on Thursday, May 15th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.27. Gambling.com Group had a net margin of 23.40% and a return on equity of 25.06%. The business had revenue of $40.64 million during the quarter, compared to analysts' expectations of $40.07 million. On average, sell-side analysts expect that Gambling.com Group Limited will post 0.88 earnings per share 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.