Renaissance Technologies LLC Sells 93,444 Shares of Gambling.com Group Limited (NASDAQ:GAMB)

Renaissance Technologies LLC cut its stake in Gambling.com Group Limited (NASDAQ:GAMB - Free Report) by 40.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 137,084 shares of the company's stock after selling 93,444 shares during the quarter. Renaissance Technologies LLC owned about 0.37% of Gambling.com Group worth $1,930,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Quadrant Capital Group LLC lifted its holdings in shares of Gambling.com Group by 481.8% during 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 period. Russell Investments Group Ltd. increased its stake 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 acquiring an additional 2,303 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of Gambling.com Group by 76.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 19,499 shares of the company's stock worth $275,000 after purchasing an additional 8,434 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Gambling.com Group during the fourth quarter valued at $233,000. Finally, Wells Fargo & Company MN boosted its holdings in Gambling.com Group by 47.9% in the fourth quarter. Wells Fargo & Company MN now owns 11,300 shares of the company's stock valued at $159,000 after purchasing an additional 3,660 shares during the last quarter. Hedge funds and other institutional investors own 72.26% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on GAMB shares. Cantor Fitzgerald assumed 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 target on the stock. Truist Financial reduced their price objective on Gambling.com Group from $18.00 to $17.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Jefferies Financial Group increased their price target on shares of Gambling.com Group from $20.00 to $21.00 and gave the stock a "buy" rating in a report on Wednesday, January 15th. Benchmark reissued a "buy" rating and issued a $18.00 target price on shares of Gambling.com Group in a report on Thursday, February 20th. Finally, Macquarie raised their price target on Gambling.com Group from $18.00 to $19.00 and gave the company an "outperform" rating in a research report on Friday, March 21st. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Gambling.com Group presently has a consensus rating of "Buy" and a consensus target price of $17.67.

Gambling.com Group Price Performance

Shares of GAMB traded up $0.01 during trading hours on Thursday, hitting $12.88. The stock had a trading volume of 36,058 shares, compared to its average volume of 394,597. The stock has a market capitalization of $447.75 million, a price-to-earnings ratio of 16.53 and a beta of 1.04. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 1.03. The company's fifty day moving average is $12.66 and its two-hundred day moving average is $13.01. Gambling.com Group Limited has a 52 week low of $7.51 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 analysts' consensus estimates of $0.25 by $0.10. The company had revenue of $35.30 million during the quarter, compared to analysts' expectations of $35.20 million. Gambling.com Group had a net margin of 23.40% and a return on equity of 25.06%. The business's revenue for the quarter was up 8.6% compared to the same quarter last year. On average, analysts anticipate that Gambling.com Group Limited will post 0.88 EPS for the current year.

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.