Steamboat Capital Partners LLC Buys New Stake in Gambling.com Group Limited (NASDAQ:GAMB)

Steamboat Capital Partners LLC purchased a new stake in shares of Gambling.com Group Limited (NASDAQ:GAMB - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 99,905 shares of the company's stock, valued at approximately $1,407,000. Steamboat Capital Partners LLC owned approximately 0.27% of Gambling.com Group at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in GAMB. Driehaus Capital Management LLC bought a new position in shares of Gambling.com Group during the fourth quarter valued at about $7,168,000. Topline Capital Management LLC bought a new position in Gambling.com Group during the 4th quarter valued at approximately $6,700,000. Hillsdale Investment Management Inc. grew its position in 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 valued at $4,781,000 after purchasing an additional 315,631 shares during the last quarter. Marshall Wace LLP increased its position in shares of Gambling.com Group by 501.1% during the fourth quarter. Marshall Wace LLP now owns 323,781 shares of the company's stock valued at $4,559,000 after acquiring an additional 269,916 shares in the last quarter. Finally, Orvieto Partners L.P. purchased a new position in shares of Gambling.com Group in the fourth quarter worth $3,098,000. 72.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GAMB has been the topic of several recent research reports. Cantor Fitzgerald assumed coverage on shares of Gambling.com Group in a research report on Wednesday, March 5th. They issued an "overweight" rating and a $20.00 price target on the stock. Wall Street Zen downgraded Gambling.com Group from a "buy" rating to a "hold" rating in a research report on Thursday. Benchmark reiterated a "buy" rating and set a $18.00 price objective on shares of Gambling.com Group in a research report on Thursday, February 20th. Macquarie lifted their price objective on shares of Gambling.com Group from $18.00 to $19.00 and gave the stock an "outperform" rating in a research note on Friday, March 21st. Finally, Truist Financial dropped their price objective on shares of Gambling.com Group from $18.00 to $17.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, Gambling.com Group currently has an average rating of "Moderate Buy" and an average price target of $18.25.

Gambling.com Group Stock Down 1.5%

NASDAQ:GAMB traded down $0.19 during mid-day trading on Friday, reaching $12.02. The company's stock had a trading volume of 107,978 shares, compared to its average volume of 409,560. 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 Limited has a 1 year low of $7.51 and a 1 year high of $17.14. The stock has a fifty day moving average of $12.68 and a 200-day moving average of $13.39. The firm has a market capitalization of $417.68 million, a PE ratio of 15.40 and a beta of 1.04.

Gambling.com Group (NASDAQ:GAMB - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The company reported $0.46 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $40.64 million during the quarter, compared to the consensus estimate of $40.07 million. Equities research analysts forecast that Gambling.com Group Limited will post 0.88 earnings per share 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.