Steamboat Capital Partners LLC Acquires Shares of 99,905 Gambling.com Group Limited (NASDAQ:GAMB)

Steamboat Capital Partners LLC acquired a new stake in Gambling.com Group Limited (NASDAQ:GAMB - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 99,905 shares of the company's stock, valued at approximately $1,407,000. Steamboat Capital Partners LLC owned about 0.27% of Gambling.com Group as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of GAMB. Driehaus Capital Management LLC bought a new position in Gambling.com Group in the 4th quarter valued at $7,168,000. Topline Capital Management LLC purchased a new stake in shares of Gambling.com Group during the 4th quarter worth $6,700,000. Hillsdale Investment Management Inc. lifted its stake in shares of Gambling.com Group by 1,320.6% during the 4th quarter. Hillsdale Investment Management Inc. now owns 339,531 shares of the company's stock worth $4,781,000 after purchasing an additional 315,631 shares during the last quarter. Marshall Wace LLP grew its position in shares of Gambling.com Group by 501.1% in the 4th quarter. Marshall Wace LLP now owns 323,781 shares of the company's stock worth $4,559,000 after buying an additional 269,916 shares during the last quarter. Finally, Orvieto Partners L.P. acquired a new position in shares of Gambling.com Group during the fourth quarter worth $3,098,000. Institutional investors own 72.26% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on GAMB. Cantor Fitzgerald started coverage on shares of Gambling.com Group in a report on Wednesday, March 5th. They set an "overweight" rating and a $20.00 price objective on the stock. Macquarie boosted 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. Benchmark reissued a "buy" rating and set a $18.00 target price on shares of Gambling.com Group in a research report on Thursday, February 20th. Finally, Truist Financial dropped their target price on shares of 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. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Gambling.com Group has an average rating of "Buy" and an average price target of $18.25.

Gambling.com Group Stock Performance

Shares of NASDAQ:GAMB traded down $0.39 during trading on Wednesday, hitting $12.09. The stock had a trading volume of 414,556 shares, compared to its average volume of 285,873. Gambling.com Group Limited has a 12-month low of $7.52 and a 12-month high of $17.14. The stock has a market capitalization of $420.28 million, a price-to-earnings ratio of 15.50 and a beta of 1.04. 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 has a 50-day simple moving average of $12.69 and a two-hundred day simple moving average of $13.38.

Gambling.com Group (NASDAQ:GAMB - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The company reported $0.46 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts' expectations of $40.07 million. On average, equities research analysts expect that Gambling.com Group Limited will post 0.88 earnings per share for the current fiscal year.

Gambling.com Group Company 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.