Gambling.com Group Limited (NASDAQ:GAMB) Shares Sold by Topsail Wealth Management LLC

Topsail Wealth Management LLC trimmed its stake in Gambling.com Group Limited (NASDAQ:GAMB - Free Report) by 12.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 148,795 shares of the company's stock after selling 21,629 shares during the period. Gambling.com Group makes up 0.4% of Topsail Wealth Management LLC's investment portfolio, making the stock its 27th largest holding. Topsail Wealth Management LLC owned about 0.43% of Gambling.com Group worth $1,878,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the stock. 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 purchasing an additional 135,000 shares during the last quarter. 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 purchasing an additional 153,173 shares during the last quarter. Driehaus Capital Management LLC purchased a new position in Gambling.com Group during the 4th quarter worth $7,168,000. Dimensional Fund Advisors LP grew 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 during the last quarter. Finally, Topline Capital Management LLC purchased a new position in Gambling.com Group during the 4th quarter worth $6,700,000. 72.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GAMB has been the topic of several analyst reports. Macquarie lifted their target price on shares of Gambling.com Group from $18.00 to $19.00 and gave the company an "outperform" rating in a report on Friday, March 21st. Truist Financial lowered 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 report on Wednesday, April 23rd. Wall Street Zen raised shares of Gambling.com Group from a "hold" rating to a "buy" rating in a report on Friday, May 30th. Finally, Jefferies Financial Group lowered their target price on shares of Gambling.com Group from $20.00 to $18.00 and set a "buy" rating on the stock in a report on Thursday, July 3rd. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $17.88.

Gambling.com Group Price Performance

Shares of GAMB stock traded down $0.11 during trading hours on Thursday, hitting $12.05. The company's stock had a trading volume of 191,228 shares, compared to its average volume of 318,530. The business has a fifty day moving average of $12.29 and a 200-day moving average of $13.16. The stock has a market cap of $418.89 million, a price-to-earnings ratio of 12.42 and a beta of 0.93. Gambling.com Group Limited has a twelve month low of $8.20 and a twelve month high of $17.14. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.55.

Gambling.com Group (NASDAQ:GAMB - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.19 by $0.27. The business had revenue of $40.64 million for the quarter, compared to analyst estimates of $40.07 million. Gambling.com Group had a net margin of 24.97% and a return on equity of 34.63%. As a group, equities research analysts anticipate that Gambling.com Group Limited will post 0.88 EPS for the current year.

Gambling.com Group 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.