Acadian Asset Management LLC trimmed its stake in shares of Gambling.com Group Limited (NASDAQ:GAMB – Free Report) by 96.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,198 shares of the company’s stock after selling 368,056 shares during the quarter. Acadian Asset Management LLC’s holdings in Gambling.com Group were worth $138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently made changes to their positions in the stock. Russell Investments Group Ltd. increased its holdings in shares of Gambling.com Group by 237.3% during the fourth quarter. Russell Investments Group Ltd. now owns 183,611 shares of the company’s stock valued at $1,790,000 after acquiring an additional 129,182 shares in the last quarter. Clearbridge Investments LLC boosted its position in shares of Gambling.com Group by 21.0% during the fourth quarter. Clearbridge Investments LLC now owns 880,451 shares of the company’s stock valued at $8,584,000 after buying an additional 153,065 shares during the last quarter. Capstone Investment Advisors LLC purchased a new position in shares of Gambling.com Group during the fourth quarter valued at approximately $292,000. M&T Bank Corp purchased a new position in shares of Gambling.com Group during the fourth quarter valued at approximately $107,000. Finally, Calamos Advisors LLC boosted its position in shares of Gambling.com Group by 474.3% during the fourth quarter. Calamos Advisors LLC now owns 75,183 shares of the company’s stock valued at $733,000 after buying an additional 62,091 shares during the last quarter. 72.26% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on GAMB shares. Stifel Nicolaus cut their price objective on Gambling.com Group from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Friday, May 17th. B. Riley cut their price objective on Gambling.com Group from $14.50 to $13.00 and set a “buy” rating on the stock in a research report on Friday, May 17th. Finally, Craig Hallum cut their price objective on Gambling.com Group from $15.00 to $12.00 and set a “buy” rating on the stock in a research report on Friday, May 17th. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Gambling.com Group currently has an average rating of “Buy” and an average price target of $14.60.
Read Our Latest Stock Analysis on GAMB
Gambling.com Group Stock Performance
Shares of GAMB opened at $9.52 on Tuesday. The firm has a market cap of $354.33 million, a PE ratio of 19.43 and a beta of 0.85. The stock’s fifty day moving average price is $8.21 and its two-hundred day moving average price is $8.70. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.75 and a quick ratio of 1.75. Gambling.com Group Limited has a 1 year low of $7.51 and a 1 year high of $14.83.
Gambling.com Group (NASDAQ:GAMB – Get Free Report) last released its quarterly earnings data on Thursday, May 16th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.06. Gambling.com Group had a return on equity of 23.12% and a net margin of 17.06%. The company had revenue of $29.22 million for the quarter, compared to analyst estimates of $28.35 million. On average, equities research analysts forecast that Gambling.com Group Limited will post 0.76 EPS for the current year.
About Gambling.com Group
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.
See Also
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