Trexquant Investment LP Takes $1.25 Million Position in Gambling.com Group Limited $GAMB

Key Points

• Trexquant Investment LP acquired a new position in Gambling.com Group Limited, purchasing 98,937 shares valued at approximately $1.25 million, representing about 0.28% ownership.
• Several institutional investors have increased their stakes in Gambling.com Group, with Deutsche Bank AG reportedly raising its stake by an astonishing 2,516.7%.
• Wall Street analysts show a mix of opinions on Gambling.com Group's stock, with ratings ranging from "buy" to "hold" and an average target price of $16.00.

Trexquant Investment LP acquired a new stake in shares of Gambling.com Group Limited (NASDAQ:GAMB - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 98,937 shares of the company's stock, valued at approximately $1,249,000. Trexquant Investment LP owned 0.28% of Gambling.com Group as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Simplex Trading LLC grew its stake in shares of Gambling.com Group by 191.0% during the 1st quarter. Simplex Trading LLC now owns 3,899 shares of the company's stock valued at $49,000 after buying an additional 2,559 shares during the period. Wells Fargo & Company MN grew its stake in shares of Gambling.com Group by 47.9% during the 4th quarter. Wells Fargo & Company MN now owns 11,300 shares of the company's stock valued at $159,000 after buying an additional 3,660 shares during the period. Summit Trail Advisors LLC purchased a new stake in shares of Gambling.com Group during the 1st quarter valued at $177,000. Deutsche Bank AG grew its stake in shares of Gambling.com Group by 2,516.7% during the 1st quarter. Deutsche Bank AG now owns 14,444 shares of the company's stock valued at $182,000 after buying an additional 13,892 shares during the period. Finally, Quantbot Technologies LP grew its stake in shares of Gambling.com Group by 48.3% during the 1st quarter. Quantbot Technologies LP now owns 15,180 shares of the company's stock valued at $192,000 after buying an additional 4,947 shares during the period. 72.26% of the stock is owned by hedge funds and other institutional investors.

Gambling.com Group Stock Up 2.4%

GAMB stock traded up $0.19 during trading on Thursday, reaching $8.14. The stock had a trading volume of 619,262 shares, compared to its average volume of 956,958. Gambling.com Group Limited has a 1-year low of $7.93 and a 1-year high of $17.14. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $290.68 million, a P/E ratio of 20.35 and a beta of 0.89. The firm has a fifty day moving average price of $9.94 and a 200 day moving average price of $11.61.

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

Analyst Upgrades and Downgrades

GAMB has been the topic of several recent research reports. Jefferies Financial Group reduced their target price on shares of Gambling.com Group from $18.00 to $15.00 and set a "buy" rating on the stock in a report on Friday, August 15th. Stifel Nicolaus reduced their target price on shares of Gambling.com Group from $18.00 to $15.00 and set a "buy" rating on the stock in a report on Friday, August 15th. Truist Financial lowered shares of Gambling.com Group from a "buy" rating to a "hold" rating and reduced their target price for the company from $17.00 to $11.00 in a report on Friday, August 15th. Wall Street Zen lowered shares of Gambling.com Group from a "buy" rating to a "hold" rating in a report on Saturday, August 16th. Finally, BTIG Research reduced their target price on shares of Gambling.com Group from $19.00 to $12.00 and set a "buy" rating on the stock in a report on Friday, August 15th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, 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.