Jane Street Group LLC Purchases 22,471 Shares of Gambling.com Group Limited (NASDAQ:GAMB)

Jane Street Group LLC raised its position in Gambling.com Group Limited (NASDAQ:GAMB - Free Report) by 119.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,291 shares of the company's stock after acquiring an additional 22,471 shares during the quarter. Jane Street Group LLC owned approximately 0.11% of Gambling.com Group worth $581,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in shares of 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 acquiring an additional 56,268 shares during the period. Topline Capital Management LLC purchased a new position in shares of Gambling.com Group in the fourth quarter valued at about $6,700,000. Hillsdale Investment Management Inc. increased its position in shares of Gambling.com Group by 1,320.6% during the fourth quarter. Hillsdale Investment Management Inc. now owns 339,531 shares of the company's stock valued at $4,781,000 after buying an additional 315,631 shares during the period. Marshall Wace LLP increased its position in shares of Gambling.com Group by 501.1% during the fourth quarter. Marshall Wace LLP now owns 323,781 shares of the company's stock valued at $4,559,000 after buying an additional 269,916 shares during the period. Finally, Orvieto Partners L.P. purchased a new position in shares of Gambling.com Group during the fourth quarter valued at about $3,098,000. Hedge funds and other institutional investors own 72.26% of the company's stock.

Gambling.com Group Stock Down 0.5%

NASDAQ:GAMB traded down $0.06 during mid-day trading on Friday, hitting $11.86. 617,938 shares of the company's stock were exchanged, compared to its average volume of 290,920. Gambling.com Group Limited has a one year low of $7.52 and a one year high of $17.14. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 1.03. The business has a fifty day moving average price of $12.54 and a 200 day moving average price of $13.47. The company has a market cap of $412.29 million, a PE ratio of 15.21 and a beta of 1.04.

Gambling.com Group (NASDAQ:GAMB - Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The company reported $0.46 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $40.07 million. Equities analysts predict that Gambling.com Group Limited will post 0.88 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Benchmark reiterated a "buy" rating and set a $18.00 price target on shares of Gambling.com Group in a research report on Thursday, February 20th. Cantor Fitzgerald assumed coverage on shares of Gambling.com Group in a research report on Wednesday, March 5th. They set an "overweight" rating and a $20.00 price target on the stock. Truist Financial reduced their price target on shares of Gambling.com Group from $18.00 to $17.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Wall Street Zen upgraded shares of Gambling.com Group from a "hold" rating to a "buy" rating in a research report on Friday. Finally, Macquarie boosted their price target 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. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, Gambling.com Group presently has an average rating of "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.