Russell Investments Group Ltd. Purchases 129,182 Shares of Gambling.com Group Limited (NASDAQ:GAMB)

Russell Investments Group Ltd. boosted its position in shares of Gambling.com Group Limited (NASDAQ:GAMB - Free Report) by 237.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 183,611 shares of the company's stock after purchasing an additional 129,182 shares during the period. Russell Investments Group Ltd. owned 0.43% of Gambling.com Group worth $1,790,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. New York State Common Retirement Fund raised its position in Gambling.com Group by 101.3% during the fourth quarter. New York State Common Retirement Fund now owns 8,739 shares of the company's stock valued at $85,000 after acquiring an additional 4,398 shares in the last quarter. Calamos Advisors LLC lifted its stake in shares of Gambling.com Group by 474.3% in the 4th quarter. Calamos Advisors LLC now owns 75,183 shares of the company's stock valued at $733,000 after purchasing an additional 62,091 shares during the last quarter. Strs Ohio boosted its holdings in Gambling.com Group by 38.1% in the fourth quarter. Strs Ohio now owns 54,700 shares of the company's stock worth $533,000 after purchasing an additional 15,100 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in Gambling.com Group during the fourth quarter worth $649,000. Finally, O Shaughnessy Asset Management LLC bought a new position in Gambling.com Group during the third quarter valued at about $275,000. Hedge funds and other institutional investors own 72.26% of the company's stock.

Gambling.com Group Trading Down 7.4 %

Shares of NASDAQ GAMB traded down $0.63 during mid-day trading on Thursday, hitting $7.84. The company's stock had a trading volume of 972,799 shares, compared to its average volume of 155,522. Gambling.com Group Limited has a one year low of $7.60 and a one year high of $14.83. The company's fifty day simple moving average is $8.91 and its 200-day simple moving average is $9.59. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.45 and a quick ratio of 1.45. The stock has a market cap of $291.80 million, a price-to-earnings ratio of 16.68 and a beta of 0.92.

Gambling.com Group (NASDAQ:GAMB - Get Free Report) last posted its quarterly earnings results on Thursday, March 21st. The company reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by ($0.01). Gambling.com Group had a net margin of 16.81% and a return on equity of 24.50%. The company had revenue of $32.53 million during the quarter, compared to analyst estimates of $27.63 million. On average, sell-side analysts anticipate that Gambling.com Group Limited will post 0.81 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, B. Riley started coverage on Gambling.com Group in a report on Friday, April 26th. They set a "buy" rating and a $14.50 price objective on the stock. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Gambling.com Group presently has an average rating of "Buy" and an average price target of $15.21.

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.