Topsail Wealth Management LLC Has $1.88 Million Holdings in Gambling.com Group Limited (NASDAQ:GAMB)

Topsail Wealth Management LLC decreased its stake in shares of Gambling.com Group Limited (NASDAQ:GAMB - Free Report) by 12.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 148,795 shares of the company's stock after selling 21,629 shares during the quarter. Gambling.com Group accounts for about 0.4% of Topsail Wealth Management LLC's investment portfolio, making the stock its 27th biggest position. Topsail Wealth Management LLC owned about 0.43% of Gambling.com Group worth $1,878,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Russell Investments Group Ltd. grew its stake in shares of Gambling.com Group by 1,968.4% in the 4th quarter. Russell Investments Group Ltd. now owns 2,420 shares of the company's stock valued at $34,000 after purchasing an additional 2,303 shares during the period. Quadrant Capital Group LLC grew its stake in shares of Gambling.com Group by 481.8% in the 4th quarter. Quadrant Capital Group LLC now owns 2,461 shares of the company's stock valued at $35,000 after purchasing an additional 2,038 shares during the period. Quarry LP bought a new stake in shares of Gambling.com Group in the 4th quarter valued at approximately $128,000. Quantbot Technologies LP grew its stake in shares of Gambling.com Group by 12,853.2% in the 4th quarter. Quantbot Technologies LP now owns 10,233 shares of the company's stock valued at $144,000 after purchasing an additional 10,154 shares during the period. Finally, Virtu Financial LLC bought a new stake in shares of Gambling.com Group in the 4th quarter valued at approximately $146,000. Institutional investors own 72.26% of the company's stock.

Gambling.com Group Price Performance

Shares of GAMB traded down $0.52 during mid-day trading on Friday, hitting $11.53. 324,722 shares of the company traded hands, compared to its average volume of 318,555. Gambling.com Group Limited has a one year low of $8.20 and a one year 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. The business has a 50-day moving average of $12.29 and a 200 day moving average of $13.16. The stock has a market capitalization of $400.82 million, a price-to-earnings ratio of 11.89 and a beta of 0.93.

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, beating analysts' consensus estimates of $0.19 by $0.27. The firm had revenue of $40.64 million for the quarter, compared to analysts' expectations 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 analysts expect that Gambling.com Group Limited will post 0.88 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on GAMB shares. Jefferies Financial Group lowered their price objective on Gambling.com Group from $20.00 to $18.00 and set a "buy" rating on the stock in a research note on Thursday, July 3rd. Macquarie upped 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. Wall Street Zen upgraded Gambling.com Group from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. Finally, Truist Financial decreased their price target on 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. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $17.88.

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.