Marshall Wace LLP Boosts Position in Gambling.com Group Limited (NASDAQ:GAMB)

Marshall Wace LLP lifted its stake in shares of Gambling.com Group Limited (NASDAQ:GAMB - Free Report) by 501.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 323,781 shares of the company's stock after acquiring an additional 269,916 shares during the period. Marshall Wace LLP owned approximately 0.87% of Gambling.com Group worth $4,559,000 as of its most recent SEC filing.

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

Gambling.com Group Stock Down 0.1 %

Shares of Gambling.com Group stock traded down $0.01 on Wednesday, reaching $12.87. The company's stock had a trading volume of 275,753 shares, compared to its average volume of 272,095. The company has a market capitalization of $447.40 million, a price-to-earnings ratio of 16.50 and a beta of 1.04. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.20. Gambling.com Group Limited has a 52 week low of $7.52 and a 52 week high of $17.14. The firm's fifty day simple moving average is $12.66 and its two-hundred day simple moving average is $13.01.

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

Analysts Set New Price Targets

A number of research firms recently commented on GAMB. Macquarie upped their price target 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 cut their target price on Gambling.com Group from $18.00 to $17.00 and set a "buy" rating on the stock in a research note on Wednesday, April 23rd. Benchmark reaffirmed a "buy" rating and set a $18.00 price target on shares of Gambling.com Group in a research report on Thursday, February 20th. Jefferies Financial Group boosted their target price on Gambling.com Group from $20.00 to $21.00 and gave the company a "buy" rating in a research note on Wednesday, January 15th. Finally, Cantor Fitzgerald assumed coverage on shares of Gambling.com Group in a report on Wednesday, March 5th. They issued an "overweight" rating and a $20.00 price target on the stock. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $17.67.

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.