220,000 Shares in Gambling.com Group Limited (NASDAQ:GAMB) Acquired by Orvieto Partners L.P.

Orvieto Partners L.P. bought a new stake in Gambling.com Group Limited (NASDAQ:GAMB - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 220,000 shares of the company's stock, valued at approximately $3,098,000. Gambling.com Group makes up about 2.6% of Orvieto Partners L.P.'s investment portfolio, making the stock its 16th biggest position. Orvieto Partners L.P. owned about 0.59% of Gambling.com Group as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of GAMB. Global Retirement Partners LLC raised its stake in shares of Gambling.com Group by 1,613.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,971 shares of the company's stock worth $28,000 after acquiring an additional 1,856 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Gambling.com Group by 1,968.4% in the fourth quarter. Russell Investments Group Ltd. now owns 2,420 shares of the company's stock worth $34,000 after purchasing an additional 2,303 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Gambling.com Group by 481.8% in the fourth quarter. Quadrant Capital Group LLC now owns 2,461 shares of the company's stock worth $35,000 after purchasing an additional 2,038 shares during the last quarter. IFP Advisors Inc bought a new position in shares of Gambling.com Group in the fourth quarter worth approximately $49,000. Finally, Quantbot Technologies LP grew its holdings in shares of Gambling.com Group by 12,853.2% in the fourth quarter. Quantbot Technologies LP now owns 10,233 shares of the company's stock worth $144,000 after purchasing an additional 10,154 shares during the last quarter. 72.26% of the stock is owned by hedge funds and other institutional investors.

Gambling.com Group Stock Up 0.2 %

Shares of GAMB traded up $0.02 during trading hours on Tuesday, hitting $12.81. The company had a trading volume of 69,162 shares, compared to its average volume of 270,095. The firm has a fifty day moving average price of $12.76 and a 200-day moving average price of $13.02. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $445.31 million, a price-to-earnings ratio of 16.43 and a beta of 1.04. Gambling.com Group Limited has a 52-week low of $7.52 and a 52-week high of $17.14.

Gambling.com Group (NASDAQ:GAMB - Get Free Report) last posted its earnings results on Thursday, March 20th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.10. Gambling.com Group had a net margin of 23.40% and a return on equity of 25.06%. The business had revenue of $35.30 million for the quarter, compared to analysts' expectations of $35.20 million. The business's quarterly revenue was up 8.6% compared to the same quarter last year. On average, equities research analysts forecast that Gambling.com Group Limited will post 0.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

GAMB has been the topic of several recent analyst reports. 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 report on Wednesday, April 23rd. 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. Macquarie raised 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. Cantor Fitzgerald assumed coverage on 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, Jefferies Financial Group raised their price objective on Gambling.com Group from $20.00 to $21.00 and gave the company a "buy" rating in a research report on Wednesday, January 15th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, Gambling.com Group currently has a consensus rating of "Buy" and a consensus target price of $17.67.

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.