PharVision Advisers LLC Invests $544,000 in Gambling.com Group Limited (NASDAQ:GAMB)

PharVision Advisers LLC purchased a new position in Gambling.com Group Limited (NASDAQ:GAMB - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 38,609 shares of the company's stock, valued at approximately $544,000. Gambling.com Group accounts for 0.5% of PharVision Advisers LLC's investment portfolio, making the stock its 29th biggest position. PharVision Advisers LLC owned approximately 0.10% of Gambling.com Group as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in Gambling.com Group during the 4th quarter valued at approximately $163,000. Exchange Traded Concepts LLC grew its holdings in Gambling.com Group by 2.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 49,799 shares of the company's stock valued at $701,000 after buying an additional 1,325 shares in the last quarter. Gagnon Securities LLC purchased a new stake in Gambling.com Group during the 4th quarter valued at approximately $317,000. New York State Common Retirement Fund raised its position 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 valued at $148,000 after buying an additional 6,093 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its holdings in shares of Gambling.com Group by 1,613.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,971 shares of the company's stock worth $28,000 after buying an additional 1,856 shares in the last quarter. 72.26% of the stock is owned by hedge funds and other institutional investors.

Gambling.com Group Trading Down 2.3%

GAMB stock traded down $0.28 during midday trading on Monday, reaching $11.92. 249,735 shares of the company traded hands, compared to its average volume of 288,596. 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 quick ratio of 1.03 and a current ratio of 1.03. The business has a 50 day moving average of $12.67 and a 200-day moving average of $13.46. The firm has a market capitalization of $414.37 million, a price-to-earnings ratio of 15.28 and a beta of 1.04.

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. The firm had revenue of $40.64 million for the quarter, compared to the consensus estimate of $40.07 million. Gambling.com Group had a return on equity of 25.06% and a net margin of 23.40%. As a group, sell-side analysts expect that Gambling.com Group Limited will post 0.88 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GAMB has been the subject of several research analyst reports. Wall Street Zen cut shares of Gambling.com Group from a "buy" rating to a "hold" rating in a research note on Thursday. Macquarie raised 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. Truist Financial reduced 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. Cantor Fitzgerald assumed coverage on Gambling.com Group in a research note on Wednesday, March 5th. They issued an "overweight" rating and a $20.00 price objective on the stock. Finally, Benchmark reiterated a "buy" rating and set a $18.00 target price on shares of Gambling.com Group in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, Gambling.com Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $18.25.

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.