Renaissance Technologies LLC Decreases Stock Holdings in Gambling.com Group Limited (NASDAQ:GAMB)

Renaissance Technologies LLC lessened its holdings in shares of Gambling.com Group Limited (NASDAQ:GAMB - Free Report) by 40.5% in the fourth quarter, according to its most recent disclosure with the Securities & 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 reporting period.

Other large investors have also recently modified their holdings of the company. Exchange Traded Concepts LLC increased its holdings in Gambling.com Group by 2.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 49,799 shares of the company's stock worth $701,000 after acquiring an additional 1,325 shares during the period. Global Retirement Partners LLC raised its position in shares of Gambling.com Group by 1,613.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,971 shares of the company's stock worth $28,000 after buying an additional 1,856 shares in the last quarter. Quadrant Capital Group LLC grew its position in 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 buying an additional 2,038 shares in the last quarter. LPL Financial LLC grew its position in Gambling.com Group by 8.7% during the fourth quarter. LPL Financial LLC now owns 28,549 shares of the company's stock worth $402,000 after buying an additional 2,275 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in Gambling.com Group by 1,968.4% in the 4th 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 last quarter. Hedge funds and other institutional investors own 72.26% of the company's stock.

Gambling.com Group Price Performance

Shares of NASDAQ:GAMB traded down $0.01 during mid-day trading on Wednesday, reaching $12.87. The stock had a trading volume of 140,936 shares, compared to its average volume of 270,835. The business's 50 day moving average price is $12.70 and its 200 day moving average price is $13.01. Gambling.com Group Limited has a 1 year low of $7.52 and a 1 year high of $17.14. The company has a market cap of $447.40 million, a P/E ratio of 16.50 and a beta of 1.04. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.20.

Gambling.com Group (NASDAQ:GAMB - Get Free Report) last released its 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 firm had revenue of $35.30 million for the quarter, compared to analysts' expectations of $35.20 million. Gambling.com Group had a return on equity of 25.06% and a net margin of 23.40%. The business's quarterly revenue was up 8.6% on a year-over-year basis. Research analysts expect that Gambling.com Group Limited will post 0.88 EPS for the current fiscal year.

Analysts Set New Price Targets

GAMB has been the topic of a number of research analyst reports. Truist Financial decreased their price target 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. Macquarie raised their price objective on Gambling.com Group from $18.00 to $19.00 and gave the company an "outperform" rating in a report on Friday, March 21st. Jefferies Financial Group upped their price target on shares of Gambling.com Group from $20.00 to $21.00 and gave the company a "buy" rating in a research report on Wednesday, January 15th. Cantor Fitzgerald began coverage on Gambling.com Group in a research note on Wednesday, March 5th. They issued an "overweight" rating and a $20.00 price target on the stock. Finally, Benchmark reissued a "buy" rating and set a $18.00 price objective on shares of Gambling.com Group in a research note on Thursday, February 20th. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $17.67.

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.