Topsail Wealth Management LLC Takes Position in Gambling.com Group Limited (NASDAQ:GAMB)

Topsail Wealth Management LLC bought a new stake in Gambling.com Group Limited (NASDAQ:GAMB - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 170,424 shares of the company's stock, valued at approximately $2,400,000. Gambling.com Group comprises approximately 0.5% of Topsail Wealth Management LLC's holdings, making the stock its 21st biggest holding. Topsail Wealth Management LLC owned about 0.46% of Gambling.com Group at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Global Retirement Partners LLC lifted its holdings in 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 worth $28,000 after buying an additional 1,856 shares in the last quarter. Russell Investments Group Ltd. raised 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 valued at $34,000 after acquiring an additional 2,303 shares in the last quarter. Quadrant Capital Group LLC raised its stake 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 valued at $35,000 after acquiring an additional 2,038 shares in the last quarter. IFP Advisors Inc purchased a new position in Gambling.com Group in the fourth quarter valued at $49,000. Finally, Quantbot Technologies LP grew its stake in Gambling.com Group by 12,853.2% during the 4th quarter. Quantbot Technologies LP now owns 10,233 shares of the company's stock worth $144,000 after purchasing an additional 10,154 shares in the last quarter. Hedge funds and other institutional investors own 72.26% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Truist Financial reduced their price target on 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. Macquarie lifted their price target on shares of Gambling.com Group from $18.00 to $19.00 and gave the stock an "outperform" rating in a research note on Friday, March 21st. Cantor Fitzgerald began coverage on shares of Gambling.com Group in a research report on Wednesday, March 5th. They issued an "overweight" rating and a $20.00 price objective on the stock. Jefferies Financial Group lifted their price objective on shares of Gambling.com Group from $20.00 to $21.00 and gave the stock a "buy" rating in a research report on Wednesday, January 15th. Finally, 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. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $17.67.

Gambling.com Group Stock Performance

Shares of GAMB stock traded down $0.04 during mid-day trading on Wednesday, hitting $12.84. 66,077 shares of the stock were exchanged, compared to its average volume of 270,541. The stock's fifty day simple moving average is $12.70 and its two-hundred day simple moving average is $13.01. The stock has a market capitalization of $446.36 million, a price-to-earnings ratio of 16.46 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 12-month low of $7.52 and a 12-month high of $17.14.

Gambling.com Group (NASDAQ:GAMB - Get Free Report) last announced its earnings results on Thursday, March 20th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analyst estimates of $35.20 million. The firm's revenue for the quarter was up 8.6% on a year-over-year basis. On average, analysts forecast 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.