Massachusetts Financial Services Co. MA Invests $554,000 in Gambling.com Group Limited (NASDAQ:GAMB)

Massachusetts Financial Services Co. MA bought a new position in Gambling.com Group Limited (NASDAQ:GAMB - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm bought 43,918 shares of the company's stock, valued at approximately $554,000. Massachusetts Financial Services Co. MA owned approximately 0.13% of Gambling.com Group as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Russell Investments Group Ltd. grew its stake in Gambling.com Group by 1,968.4% in 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 period. Quadrant Capital Group LLC grew its stake in Gambling.com Group by 481.8% in 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 period. Quarry LP bought a new position in Gambling.com Group in the 4th quarter valued at $128,000. Quantbot Technologies LP grew its stake in Gambling.com Group by 12,853.2% in the 4th quarter. Quantbot Technologies LP now owns 10,233 shares of the company's stock valued at $144,000 after purchasing an additional 10,154 shares during the period. Finally, Intech Investment Management LLC bought a new position in Gambling.com Group in the 4th quarter valued at $146,000. 72.26% of the stock is currently owned by institutional investors.

Gambling.com Group Stock Performance

Shares of NASDAQ:GAMB traded up $0.12 during midday trading on Friday, reaching $10.90. 273,320 shares of the company traded hands, compared to its average volume of 330,660. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.55. Gambling.com Group Limited has a 12 month low of $8.49 and a 12 month high of $17.14. The firm has a market capitalization of $378.88 million, a price-to-earnings ratio of 11.24 and a beta of 0.93. The firm's fifty day moving average price is $11.79 and its two-hundred day moving average price is $12.93.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.27. Gambling.com Group had a return on equity of 34.63% and a net margin of 24.97%. The company had revenue of $40.64 million for the quarter, compared to analyst estimates of $40.07 million. On average, equities analysts expect that Gambling.com Group Limited will post 0.88 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on GAMB. Jefferies Financial Group dropped their price target on Gambling.com Group from $20.00 to $18.00 and set a "buy" rating on the stock in a research report on Thursday, July 3rd. Wall Street Zen raised Gambling.com Group from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. Finally, Truist Financial dropped their price target 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. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $17.88.

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.