Gambling.com Group Limited $GAMB Shares Acquired by Tocqueville Asset Management L.P.

Key Points

• Tocqueville Asset Management L.P. increased its stake in Gambling.com Group by 50%, acquiring an additional 65,000 shares during the first quarter, bringing its total holdings to 195,000 shares worth approximately $2.46 million.
• Gambling.com Group reported earnings per share of $0.37 for the last quarter, significantly exceeding the consensus estimate of $0.12, while revenue also surpassed expectations at $39.59 million.
• Analysts have adjusted their target prices for Gambling.com Group, with some downgrading their ratings; the average target price is now set at $16.00, down from previous estimates.

Tocqueville Asset Management L.P. grew its position in Gambling.com Group Limited (NASDAQ:GAMB - Free Report) by 50.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 195,000 shares of the company's stock after buying an additional 65,000 shares during the period. Tocqueville Asset Management L.P. owned approximately 0.56% of Gambling.com Group worth $2,461,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jane Street Group LLC lifted its stake in Gambling.com Group by 119.4% in the fourth quarter. Jane Street Group LLC now owns 41,291 shares of the company's stock valued at $581,000 after acquiring an additional 22,471 shares during the last quarter. LPL Financial LLC raised its position in shares of Gambling.com Group by 8.7% in the 4th quarter. LPL Financial LLC now owns 28,549 shares of the company's stock valued at $402,000 after buying an additional 2,275 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in shares of Gambling.com Group in the 4th quarter valued at approximately $1,337,000. Dimensional Fund Advisors LP increased its position in Gambling.com Group by 12.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 503,426 shares of the company's stock worth $7,089,000 after purchasing an additional 56,268 shares in the last quarter. Finally, Bastion Asset Management Inc. acquired a new position in Gambling.com Group during the 1st quarter worth approximately $833,000. 72.26% of the stock is owned by institutional investors and hedge funds.

Gambling.com Group Price Performance

GAMB stock traded down $0.19 during midday trading on Wednesday, hitting $8.45. The company's stock had a trading volume of 974,653 shares, compared to its average volume of 786,872. Gambling.com Group Limited has a 12 month low of $8.44 and a 12 month high of $17.14. The company has a quick ratio of 1.06, a current ratio of 0.59 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $301.75 million, a price-to-earnings ratio of 21.13 and a beta of 0.91. The company has a 50 day moving average of $11.05 and a two-hundred day moving average of $12.42.

Gambling.com Group (NASDAQ:GAMB - Get Free Report) last posted its earnings results on Thursday, August 14th. The company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.25. The firm had revenue of $39.59 million during the quarter, compared to the consensus estimate of $38.93 million. Gambling.com Group had a return on equity of 38.04% and a net margin of 9.66%. Gambling.com Group has set its FY 2025 guidance at EPS. On average, analysts expect that Gambling.com Group Limited will post 0.88 EPS for the current year.

Wall Street Analyst Weigh In

GAMB has been the topic of several research analyst reports. Truist Financial lowered shares of Gambling.com Group from a "buy" rating to a "hold" rating and cut their target price for the stock from $17.00 to $11.00 in a research note on Friday, August 15th. Wall Street Zen downgraded shares of Gambling.com Group from a "buy" rating to a "hold" rating in a report on Saturday. BTIG Research lowered their target price on shares of Gambling.com Group from $19.00 to $12.00 and set a "buy" rating for the company in a report on Friday, August 15th. Jefferies Financial Group lowered their target price on shares of Gambling.com Group from $18.00 to $15.00 and set a "buy" rating for the company in a report on Friday, August 15th. Finally, Stifel Nicolaus reduced their price target on shares of Gambling.com Group from $18.00 to $15.00 and set a "buy" rating for the company in a research report on Friday, August 15th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $16.00.

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.