Stanley Laman Group Ltd. Sells 874,973 Shares of Gambling.com Group Limited (NASDAQ:GAMB)

Stanley Laman Group Ltd. trimmed its stake in shares of Gambling.com Group Limited (NASDAQ:GAMB - Free Report) by 83.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 169,700 shares of the company's stock after selling 874,973 shares during the quarter. Stanley Laman Group Ltd. owned about 0.49% of Gambling.com Group worth $2,142,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Global Retirement Partners LLC raised 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 valued at $28,000 after buying an additional 1,856 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of 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 worth $34,000 after purchasing an additional 2,303 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Gambling.com Group by 481.8% in the 4th quarter. Quadrant Capital Group LLC now owns 2,461 shares of the company's stock worth $35,000 after purchasing an additional 2,038 shares in the last quarter. IFP Advisors Inc acquired a new stake in Gambling.com Group during the fourth quarter valued at approximately $49,000. Finally, Quarry LP bought a new stake in Gambling.com Group during the fourth quarter worth approximately $128,000. Institutional investors own 72.26% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on GAMB. Cantor Fitzgerald began coverage on Gambling.com Group in a research report on Wednesday, March 5th. They issued an "overweight" rating and a $20.00 price target for the company. Wall Street Zen upgraded shares of Gambling.com Group from a "hold" rating to a "buy" rating in a research note on Friday, May 30th. Macquarie increased their target price on shares of Gambling.com Group from $18.00 to $19.00 and gave the stock an "outperform" rating in a research report on Friday, March 21st. Truist Financial dropped their target price 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. Finally, Benchmark reaffirmed a "buy" rating and issued a $18.00 price objective on shares of Gambling.com Group in a research note on Thursday, February 20th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $18.25.

Gambling.com Group Trading Up 1.7%

NASDAQ GAMB traded up $0.20 during trading on Monday, reaching $11.96. 371,642 shares of the stock traded hands, compared to its average volume of 306,707. The firm has a market cap of $415.77 million, a price-to-earnings ratio of 15.33 and a beta of 0.95. Gambling.com Group Limited has a fifty-two week low of $7.57 and a fifty-two week 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. The stock's 50-day moving average price is $12.43 and its 200 day moving average price is $13.45.

Gambling.com Group (NASDAQ:GAMB - Get Free Report) last announced its earnings results 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 during the quarter, compared to analysts' expectations of $40.07 million. Analysts predict that Gambling.com Group Limited will post 0.88 EPS for the current year.

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.