Topline Capital Management LLC Sells 250,851 Shares of Gambling.com Group Limited $GAMB

Key Points

• Topline Capital Management LLC has reduced its stake in Gambling.com Group by 52.7%, now owning 225,000 shares worth approximately $2.84 million.
• Several other institutional investors have increased their positions, with Deutsche Bank AG raising its stake by 2,516.7% during the first quarter.
• Analysts have recently cut their target prices for Gambling.com Group, with Jefferies Financial Group lowering it from $18.00 to $15.00, while maintaining a "buy" rating.

Topline Capital Management LLC lowered its position in shares of Gambling.com Group Limited (NASDAQ:GAMB - Free Report) by 52.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 225,000 shares of the company's stock after selling 250,851 shares during the quarter. Gambling.com Group makes up approximately 0.6% of Topline Capital Management LLC's holdings, making the stock its 27th biggest holding. Topline Capital Management LLC owned approximately 0.65% of Gambling.com Group worth $2,840,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in GAMB. Driehaus Capital Management LLC bought a new stake in Gambling.com Group during the 4th quarter worth approximately $7,168,000. G2 Investment Partners Management LLC grew its position in Gambling.com Group by 22.8% during the 4th quarter. G2 Investment Partners Management LLC now owns 825,147 shares of the company's stock worth $11,618,000 after acquiring an additional 153,173 shares during the last quarter. AWM Investment Company Inc. grew its position in Gambling.com Group by 9.8% during the 4th quarter. AWM Investment Company Inc. now owns 1,517,259 shares of the company's stock worth $21,363,000 after acquiring an additional 135,000 shares during the last quarter. D. E. Shaw & Co. Inc. grew its position in Gambling.com Group by 255.8% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 157,728 shares of the company's stock worth $2,221,000 after acquiring an additional 113,396 shares during the last quarter. Finally, Tudor Investment Corp ET AL bought a new stake in Gambling.com Group during the 4th quarter worth approximately $1,580,000. 72.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

GAMB has been the topic of a number of research analyst reports. Truist Financial lowered Gambling.com Group from a "buy" rating to a "hold" rating and decreased their price target for the stock from $17.00 to $11.00 in a research report on Friday, August 15th. Stifel Nicolaus lowered their price objective 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. BTIG Research lowered their price objective on shares of Gambling.com Group from $19.00 to $12.00 and set a "buy" rating for the company in a research report on Friday, August 15th. Wall Street Zen cut shares of Gambling.com Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 16th. Finally, Jefferies Financial Group lowered their price objective 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 research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $16.00.

Gambling.com Group Trading Up 1.7%

Shares of NASDAQ GAMB traded up $0.15 during mid-day trading on Friday, hitting $8.73. The company's stock had a trading volume of 595,900 shares, compared to its average volume of 906,438. The stock has a market cap of $311.75 million, a price-to-earnings ratio of 21.83 and a beta of 0.91. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.59 and a quick ratio of 0.59. Gambling.com Group Limited has a one year low of $8.27 and a one year high of $17.14. The company's fifty day simple moving average is $10.60 and its 200-day simple moving average is $12.06.

Gambling.com Group (NASDAQ:GAMB - Get Free Report) last issued its earnings results on Thursday, August 14th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.25. The company had revenue of $39.59 million for the quarter, compared to analyst estimates of $38.93 million. Gambling.com Group had a net margin of 9.66% and a return on equity of 38.04%. Gambling.com Group has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate 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.