O Shaughnessy Asset Management LLC decreased its holdings in shares of Gambling.com Group Limited (NASDAQ:GAMB – Free Report) by 26.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,880 shares of the company’s stock after selling 3,954 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Gambling.com Group were worth $99,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in GAMB. Capstone Investment Advisors LLC lifted its position in Gambling.com Group by 9.0% in the first quarter. Capstone Investment Advisors LLC now owns 32,700 shares of the company’s stock valued at $299,000 after purchasing an additional 2,700 shares during the period. Clearbridge Investments LLC lifted its position in Gambling.com Group by 21.0% in the fourth quarter. Clearbridge Investments LLC now owns 880,451 shares of the company’s stock valued at $8,584,000 after purchasing an additional 153,065 shares during the period. M&T Bank Corp acquired a new stake in Gambling.com Group in the fourth quarter valued at about $107,000. Russell Investments Group Ltd. lifted its position in Gambling.com Group by 237.3% in the fourth quarter. Russell Investments Group Ltd. now owns 183,611 shares of the company’s stock valued at $1,790,000 after purchasing an additional 129,182 shares during the period. Finally, New York State Common Retirement Fund lifted its position in Gambling.com Group by 101.3% in the fourth quarter. New York State Common Retirement Fund now owns 8,739 shares of the company’s stock valued at $85,000 after purchasing an additional 4,398 shares during the period. Institutional investors and hedge funds own 72.26% of the company’s stock.
Gambling.com Group Price Performance
GAMB stock opened at $8.97 on Friday. The firm has a 50 day moving average of $8.32 and a 200-day moving average of $8.71. Gambling.com Group Limited has a 12-month low of $7.51 and a 12-month high of $14.83. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.01. The company has a market cap of $333.86 million, a price-to-earnings ratio of 18.31 and a beta of 0.86.
Gambling.com Group (NASDAQ:GAMB – Get Free Report) last issued its quarterly earnings data on Thursday, May 16th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.06. Gambling.com Group had a net margin of 17.06% and a return on equity of 23.12%. The business had revenue of $29.22 million during the quarter, compared to analysts’ expectations of $28.35 million. As a group, equities analysts expect that Gambling.com Group Limited will post 0.76 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
GAMB has been the subject of a number of recent analyst reports. Craig Hallum reduced their price objective on shares of Gambling.com Group from $15.00 to $12.00 and set a “buy” rating for the company in a research report on Friday, May 17th. B. Riley reduced their price target on shares of Gambling.com Group from $14.50 to $13.00 and set a “buy” rating for the company in a research report on Friday, May 17th. Finally, Stifel Nicolaus reduced their price target on shares of Gambling.com Group from $16.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, May 17th. Four research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $14.60.
View Our Latest Research Report on GAMB
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.
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