Numerai GP LLC Acquires Shares of 51,649 Gambling.com Group Limited (NASDAQ:GAMB)

Numerai GP LLC bought a new stake in shares of Gambling.com Group Limited (NASDAQ:GAMB - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 51,649 shares of the company's stock, valued at approximately $727,000. Numerai GP LLC owned about 0.14% of Gambling.com Group at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Global Retirement Partners LLC boosted its stake in shares of Gambling.com Group by 1,613.9% during the 4th 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. boosted its stake in shares of Gambling.com Group by 1,968.4% during the 4th 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 boosted its stake in shares of Gambling.com Group by 481.8% during the 4th 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 purchased a new position in shares of Gambling.com Group during the 4th quarter valued at approximately $49,000. Finally, Quarry LP purchased a new position in shares of Gambling.com Group during the 4th quarter valued at approximately $128,000. 72.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on GAMB shares. Cantor Fitzgerald started coverage on Gambling.com Group in a research note on Wednesday, March 5th. They set an "overweight" rating and a $20.00 price objective on the stock. Jefferies Financial Group raised their price objective on Gambling.com Group from $20.00 to $21.00 and gave the stock a "buy" rating in a research note on Wednesday, January 15th. Truist Financial reduced their price objective 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 restated a "buy" rating and set a $18.00 price objective on shares of Gambling.com Group in a research note on Thursday, February 20th. Finally, Macquarie raised their price objective on Gambling.com Group from $18.00 to $19.00 and gave the stock an "outperform" rating in a research note on Friday, March 21st. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, Gambling.com Group has a consensus rating of "Buy" and a consensus target price of $17.67.

Gambling.com Group Price Performance

Shares of GAMB opened at $14.72 on Thursday. The firm has a market capitalization of $511.71 million, a price-to-earnings ratio of 18.87 and a beta of 1.04. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.03 and a current ratio of 1.03. Gambling.com Group Limited has a one year low of $7.52 and a one year high of $17.14. The stock's fifty day moving average is $12.65 and its 200-day moving average is $13.28.

Gambling.com Group (NASDAQ:GAMB - Get Free Report) last issued its quarterly earnings results on Thursday, March 20th. The company reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.25 by $0.10. The company had revenue of $35.30 million for 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 firm's revenue for the quarter was up 8.6% compared to the same quarter last year. Equities analysts anticipate that Gambling.com Group Limited will post 0.88 EPS 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.

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