Millennium Management LLC Has $739,000 Position in Gambling.com Group Limited (NASDAQ:GAMB)

Millennium Management LLC reduced its stake in shares of Gambling.com Group Limited (NASDAQ:GAMB - Free Report) by 70.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,475 shares of the company's stock after selling 122,985 shares during the quarter. Millennium Management LLC owned 0.14% of Gambling.com Group worth $739,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. SG Americas Securities LLC bought a new stake in shares of Gambling.com Group during the fourth quarter worth $163,000. New York State Common Retirement Fund grew its holdings in shares of Gambling.com Group by 138.4% during the fourth quarter. New York State Common Retirement Fund now owns 10,497 shares of the company's stock worth $148,000 after purchasing an additional 6,093 shares during the last quarter. Global Retirement Partners LLC grew its holdings in shares of Gambling.com Group by 1,613.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,971 shares of the company's stock worth $28,000 after purchasing an additional 1,856 shares during the last quarter. IFP Advisors Inc bought a new stake in shares of Gambling.com Group during the fourth quarter worth $49,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of Gambling.com Group by 12.1% during the fourth quarter. Bank of New York Mellon Corp now owns 34,540 shares of the company's stock worth $486,000 after purchasing an additional 3,729 shares during the last quarter. 72.26% of the stock is currently owned by institutional investors and hedge funds.

Gambling.com Group Price Performance

Gambling.com Group stock opened at $11.99 on Friday. The business's 50-day simple moving average is $12.42 and its 200 day simple moving average is $13.47. The stock has a market cap of $416.81 million, a price-to-earnings ratio of 15.37 and a beta of 0.95. Gambling.com Group Limited has a 12-month low of $7.53 and a 12-month high of $17.14. 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 (NASDAQ:GAMB - Get Free Report) last released its earnings results on Thursday, May 15th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $40.64 million for the quarter, compared to analyst estimates of $40.07 million. As a group, research analysts anticipate that Gambling.com Group Limited will post 0.88 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on GAMB shares. Wall Street Zen upgraded Gambling.com Group from a "hold" rating to a "buy" rating in a report on Friday, May 30th. Benchmark restated a "buy" rating and set a $18.00 target price on shares of Gambling.com Group in a report on Thursday, February 20th. Truist Financial decreased their target price on Gambling.com Group from $18.00 to $17.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Macquarie increased their target price on Gambling.com Group from $18.00 to $19.00 and gave the stock an "outperform" rating in a report on Friday, March 21st. Finally, Cantor Fitzgerald started coverage on Gambling.com Group in a report on Wednesday, March 5th. They issued an "overweight" rating and a $20.00 price target on the stock. Nine analysts have rated the stock with a buy rating, According to data from MarketBeat, Gambling.com Group currently has an average rating of "Buy" and an average price target of $18.25.

Gambling.com Group 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.

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