M&T Bank Corp bought a new position in Gambling.com Group Limited (NASDAQ:GAMB – Free Report) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 11,067 shares of the company’s stock, valued at approximately $107,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Dorsey Wright & Associates bought a new position in Gambling.com Group during the third quarter valued at approximately $26,000. Quantbot Technologies LP purchased a new stake in Gambling.com Group during the 3rd quarter valued at $63,000. New York State Common Retirement Fund lifted its holdings in shares of Gambling.com Group by 101.3% during the 4th quarter. New York State Common Retirement Fund now owns 8,739 shares of the company’s stock valued at $85,000 after buying an additional 4,398 shares during the period. Algert Global LLC purchased a new position in shares of Gambling.com Group in the 3rd quarter worth $145,000. Finally, Jump Financial LLC bought a new stake in shares of Gambling.com Group in the third quarter worth $206,000. Institutional investors own 72.26% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on the company. Craig Hallum dropped their target price on Gambling.com Group from $15.00 to $12.00 and set a “buy” rating on the stock in a research report on Friday. Stifel Nicolaus dropped their price objective on shares of Gambling.com Group from $16.00 to $13.00 and set a “buy” rating on the stock in a report on Friday. Finally, B. Riley reduced their target price on shares of Gambling.com Group from $14.50 to $13.00 and set a “buy” rating for the company in a report on Friday. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $14.00.
View Our Latest Report on Gambling.com Group
Gambling.com Group Price Performance
NASDAQ GAMB opened at $8.00 on Friday. The stock has a market cap of $297.76 million, a price-to-earnings ratio of 16.33 and a beta of 0.92. Gambling.com Group Limited has a 12 month low of $7.60 and a 12 month high of $14.83. The company’s 50 day moving average is $8.88 and its two-hundred day moving average is $9.52. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.01.
Gambling.com Group (NASDAQ:GAMB – Get Free Report) last released its earnings results on Thursday, March 21st. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The firm had revenue of $32.53 million for the quarter, compared to analysts’ expectations of $27.63 million. Gambling.com Group had a net margin of 17.06% and a return on equity of 23.66%. As a group, research analysts anticipate that Gambling.com Group Limited will post 0.81 earnings per share 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.
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