Gambling.com Group Limited (NASDAQ:GAMB) Shares Bought by Quadrant Capital Group LLC

Quadrant Capital Group LLC grew its position in Gambling.com Group Limited (NASDAQ:GAMB) by 481.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,461 shares of the company’s stock after purchasing an additional 2,038 shares during the period. Quadrant Capital Group LLC’s holdings in Gambling.com Group were worth $35,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of GAMB. Global Retirement Partners LLC increased its holdings in Gambling.com Group by 1,613.9% in 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 during the period. Russell Investments Group Ltd. increased 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 worth $34,000 after acquiring an additional 2,303 shares during the period. IFP Advisors Inc purchased a new position in shares of Gambling.com Group during the fourth quarter worth $49,000. Quantbot Technologies LP lifted its position in Gambling.com Group by 12,853.2% during the fourth quarter. Quantbot Technologies LP now owns 10,233 shares of the company’s stock valued at $144,000 after purchasing an additional 10,154 shares during the period. Finally, Intech Investment Management LLC purchased a new stake in Gambling.com Group in the fourth quarter valued at $146,000. 72.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on GAMB. Macquarie boosted 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. BTIG Research boosted their price target on Gambling.com Group from $13.00 to $19.00 and gave the company a “buy” rating in a report on Friday, December 13th. Benchmark reaffirmed a “buy” rating and set a $18.00 price objective on shares of Gambling.com Group in a research note on Thursday, February 20th. Craig Hallum boosted their target price on shares of Gambling.com Group from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Finally, Cantor Fitzgerald began coverage on shares of Gambling.com Group in a research report on Wednesday, March 5th. They set an “overweight” rating and a $20.00 price target on the stock. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $17.56.

Gambling.com Group Price Performance

Shares of NASDAQ GAMB opened at $11.83 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a fifty day moving average of $13.64 and a 200 day moving average of $12.82. The firm has a market cap of $411.25 million, a PE ratio of 15.17 and a beta of 1.04. Gambling.com Group Limited has a one year low of $7.52 and a one year high of $17.14.

Gambling.com Group (NASDAQ:GAMB) last released its earnings results on Thursday, March 20th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.10. The business had revenue of $35.30 million during the quarter, compared to analysts’ expectations of $35.20 million. Gambling.com Group had a net margin of 23.40% and a return on equity of 25.06%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, research analysts predict that Gambling.com Group Limited will post 0.88 EPS for the current fiscal 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.