Potrero Capital Research LLC cut its holdings in shares of Gambling.com Group Limited (NASDAQ:GAMB - Free Report) by 81.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,559 shares of the company's stock after selling 130,930 shares during the period. Gambling.com Group comprises about 0.1% of Potrero Capital Research LLC's portfolio, making the stock its 25th biggest position. Potrero Capital Research LLC owned about 0.08% of Gambling.com Group worth $430,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Global Retirement Partners LLC increased its holdings in Gambling.com Group by 1,613.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,971 shares of the company's stock valued at $28,000 after buying an additional 1,856 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in Gambling.com Group by 1,968.4% in the fourth quarter. Russell Investments Group Ltd. now owns 2,420 shares of the company's stock valued at $34,000 after buying an additional 2,303 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in Gambling.com Group by 481.8% in the fourth quarter. Quadrant Capital Group LLC now owns 2,461 shares of the company's stock valued at $35,000 after buying an additional 2,038 shares during the last quarter. IFP Advisors Inc acquired a new position in Gambling.com Group in the fourth quarter valued at approximately $49,000. Finally, Quarry LP acquired a new position in Gambling.com Group in the fourth quarter valued at approximately $128,000. 72.26% of the stock is currently owned by hedge funds and other institutional investors.
Gambling.com Group Stock Performance
Shares of NASDAQ GAMB traded up $0.09 during midday trading on Tuesday, reaching $12.44. 731,837 shares of the company were exchanged, compared to its average volume of 283,345. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.20. Gambling.com Group Limited has a 1 year low of $7.52 and a 1 year high of $17.14. The stock has a fifty day simple moving average of $12.67 and a 200 day simple moving average of $13.39. The stock has a market cap of $432.45 million, a P/E ratio of 15.95 and a beta of 1.04.
Gambling.com Group (NASDAQ:GAMB - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.25 by $0.21. Gambling.com Group had a return on equity of 25.06% and a net margin of 23.40%. On average, research analysts forecast that Gambling.com Group Limited will post 0.88 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on GAMB shares. Cantor Fitzgerald started coverage on Gambling.com Group in a report on Wednesday, March 5th. They issued an "overweight" rating and a $20.00 price target for the company. Benchmark reaffirmed a "buy" rating and issued a $18.00 price target on shares of Gambling.com Group in a report on Thursday, February 20th. Macquarie raised their price objective on Gambling.com Group from $18.00 to $19.00 and gave the stock an "outperform" rating in a report on Friday, March 21st. Finally, Truist Financial dropped their price objective on Gambling.com Group from $18.00 to $17.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat, Gambling.com Group presently has an average rating of "Buy" and a consensus price target of $18.25.
Check Out Our Latest Research Report on GAMB
Gambling.com Group Profile
(
Free Report)
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.
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