G2 Investment Partners Management LLC Buys 153,173 Shares of Gambling.com Group Limited (NASDAQ:GAMB)

G2 Investment Partners Management LLC grew its holdings in Gambling.com Group Limited (NASDAQ:GAMB - Free Report) by 22.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 825,147 shares of the company's stock after acquiring an additional 153,173 shares during the period. Gambling.com Group accounts for approximately 3.0% of G2 Investment Partners Management LLC's holdings, making the stock its 9th largest position. G2 Investment Partners Management LLC owned about 2.22% of Gambling.com Group worth $11,618,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. LPL Financial LLC lifted its stake in shares of Gambling.com Group by 8.7% in the 4th quarter. LPL Financial LLC now owns 28,549 shares of the company's stock valued at $402,000 after purchasing an additional 2,275 shares during the last quarter. Barclays PLC lifted its position in shares of Gambling.com Group by 94.0% in the third quarter. Barclays PLC now owns 38,494 shares of the company's stock worth $385,000 after buying an additional 18,656 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Gambling.com Group during the 4th quarter worth about $2,280,000. Gagnon Securities LLC acquired a new position in shares of Gambling.com Group during the 4th quarter valued at about $317,000. Finally, M&T Bank Corp acquired a new position in shares of Gambling.com Group during the 4th quarter valued at about $195,000. 72.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on GAMB shares. Benchmark restated a "buy" rating and issued a $18.00 target price on shares of Gambling.com Group in a report on Thursday, February 20th. Jefferies Financial Group boosted their price objective on shares of Gambling.com Group from $20.00 to $21.00 and gave the stock a "buy" rating in a research note on Wednesday, January 15th. Cantor Fitzgerald initiated coverage on shares of Gambling.com Group in a report on Wednesday, March 5th. They set an "overweight" rating and a $20.00 price objective for the company. Macquarie lifted their target price on shares of 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 lowered 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 equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $17.67.

Gambling.com Group Stock Performance

GAMB stock traded up $0.19 during trading on Friday, reaching $13.70. 150,003 shares of the stock were exchanged, compared to its average volume of 276,178. Gambling.com Group Limited has a twelve month low of $7.52 and a twelve month high of $17.14. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $476.25 million, a P/E ratio of 17.56 and a beta of 1.04. The stock has a 50 day simple moving average of $12.56 and a 200-day simple moving average of $13.23.

Gambling.com Group (NASDAQ:GAMB - Get Free Report) last released its quarterly earnings data on Thursday, March 20th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.10. The business had revenue of $35.30 million for the quarter, compared to analysts' expectations of $35.20 million. Gambling.com Group had a return on equity of 25.06% and a net margin of 23.40%. The firm's quarterly revenue was up 8.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Gambling.com Group Limited will post 0.88 earnings per share for the current 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.