Jane Street Group LLC increased its holdings in Gambling.com Group Limited (NASDAQ:GAMB - Free Report) by 119.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,291 shares of the company's stock after purchasing an additional 22,471 shares during the period. Jane Street Group LLC owned 0.11% of Gambling.com Group worth $581,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Global Retirement Partners LLC increased its stake in Gambling.com Group by 1,613.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,971 shares of the company's stock worth $28,000 after acquiring an additional 1,856 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Gambling.com Group by 1,968.4% during the 4th quarter. Russell Investments Group Ltd. now owns 2,420 shares of the company's stock valued at $34,000 after purchasing an additional 2,303 shares during the last quarter. Quadrant Capital Group LLC increased its position in shares of Gambling.com Group by 481.8% during the 4th quarter. Quadrant Capital Group LLC now owns 2,461 shares of the company's stock valued at $35,000 after purchasing an additional 2,038 shares during the last quarter. IFP Advisors Inc bought a new position in shares of Gambling.com Group during the 4th quarter valued at approximately $49,000. Finally, Quarry LP bought a new position in shares of Gambling.com Group during the 4th quarter valued at approximately $128,000. 72.26% of the stock is owned by hedge funds and other institutional investors.
Gambling.com Group Stock Down 0.5%
Gambling.com Group stock traded down $0.06 during trading hours on Friday, reaching $11.86. The stock had a trading volume of 617,938 shares, compared to its average volume of 291,838. Gambling.com Group Limited has a 52 week low of $7.52 and a 52 week 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 company has a market cap of $412.29 million, a price-to-earnings ratio of 15.21 and a beta of 1.04. The business's 50 day moving average price is $12.54 and its 200-day moving average price is $13.50.
Gambling.com Group (NASDAQ:GAMB - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $40.64 million for the quarter, compared to the consensus estimate of $40.07 million. Sell-side analysts anticipate that Gambling.com Group Limited will post 0.88 EPS for the current year.
Analyst Upgrades and Downgrades
GAMB has been the topic of several research analyst reports. Wall Street Zen raised Gambling.com Group from a "hold" rating to a "buy" rating in a research report on Friday. 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 objective on the stock. Truist Financial cut their price objective on 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. Macquarie upped their price objective 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. Finally, Benchmark reaffirmed a "buy" rating and issued a $18.00 price objective on shares of Gambling.com Group in a research report on Thursday, February 20th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $18.25.
Check Out Our Latest Analysis on Gambling.com Group
Gambling.com Group Company Profile
(
Free Report)
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.
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