Numerai GP LLC Acquires New Stake in Gambling.com Group Limited (NASDAQ:GAMB)

Numerai GP LLC acquired a new stake in shares of Gambling.com Group Limited (NASDAQ:GAMB - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 51,649 shares of the company's stock, valued at approximately $727,000. Numerai GP LLC owned approximately 0.14% of Gambling.com Group as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Barclays PLC increased its position 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 worth $385,000 after acquiring an additional 18,656 shares during the period. SG Americas Securities LLC acquired a new position in Gambling.com Group during the 4th quarter worth approximately $163,000. Exchange Traded Concepts LLC lifted its holdings in shares of Gambling.com Group by 2.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 49,799 shares of the company's stock valued at $701,000 after purchasing an additional 1,325 shares during the last quarter. Gagnon Securities LLC purchased a new stake in shares of Gambling.com Group during the 4th quarter worth $317,000. Finally, New York State Common Retirement Fund increased its position in Gambling.com Group by 138.4% during the fourth quarter. New York State Common Retirement Fund now owns 10,497 shares of the company's stock worth $148,000 after buying an additional 6,093 shares in the last quarter. 72.26% of the stock is currently owned by institutional investors.

Gambling.com Group Stock Performance

NASDAQ GAMB traded up $0.10 during midday trading on Tuesday, hitting $12.45. The company had a trading volume of 671,454 shares, compared to its average volume of 283,195. The firm has a fifty day simple moving average of $12.67 and a two-hundred day simple moving average of $13.39. 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 fifty-two week low of $7.52 and a fifty-two week high of $17.14. The stock has a market cap of $432.94 million, a price-to-earnings ratio of 15.92 and a beta of 1.04.

Gambling.com Group (NASDAQ:GAMB - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.21. Gambling.com Group had a net margin of 23.40% and a return on equity of 25.06%. Equities analysts forecast that Gambling.com Group Limited will post 0.88 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. 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. Benchmark reissued a "buy" rating and set a $18.00 price target on shares of Gambling.com Group in a research report on Thursday, February 20th. Cantor Fitzgerald initiated coverage on shares of Gambling.com Group in a research report on Wednesday, March 5th. They set an "overweight" rating and a $20.00 price objective for the company. Finally, Truist Financial cut their target price on shares of 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. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $18.25.

Gambling.com Group 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.