Gambling.com Group Limited (NASDAQ:GAMB) Shares Sold by Potrero Capital Research LLC

Potrero Capital Research LLC lowered its stake in Gambling.com Group Limited (NASDAQ:GAMB) by 81.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,559 shares of the company’s stock after selling 130,930 shares during the quarter. Gambling.com Group comprises about 0.1% of Potrero Capital Research LLC’s portfolio, making the stock its 25th biggest holding. Potrero Capital Research LLC owned 0.08% of Gambling.com Group worth $430,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Northern Trust Corp raised its holdings in shares of Gambling.com Group by 0.9% during the fourth quarter. Northern Trust Corp now owns 109,928 shares of the company’s stock valued at $1,548,000 after acquiring an additional 1,003 shares during the period. Exchange Traded Concepts LLC grew its holdings in Gambling.com Group by 2.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 49,799 shares of the company’s stock valued at $701,000 after buying an additional 1,325 shares during the last quarter. Global Retirement Partners LLC raised its stake 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 valued at $28,000 after purchasing an additional 1,856 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Gambling.com Group by 1.7% in the 4th quarter. Ameriprise Financial Inc. now owns 120,007 shares of the company’s stock valued at $1,690,000 after purchasing an additional 2,017 shares during the period. Finally, Quadrant Capital Group LLC grew its position in Gambling.com Group by 481.8% in the 4th quarter. Quadrant Capital Group LLC now owns 2,461 shares of the company’s stock worth $35,000 after purchasing an additional 2,038 shares during the last quarter. Institutional investors and hedge funds own 72.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on GAMB. Benchmark reaffirmed a “buy” rating and issued a $18.00 price target on shares of Gambling.com Group in a report on Thursday, February 20th. Jefferies Financial Group lifted their price target on shares of Gambling.com Group from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Macquarie lifted their target price on shares of Gambling.com Group from $18.00 to $19.00 and gave the company an “outperform” rating in a research report on Friday, March 21st. Truist Financial cut their price target on shares of Gambling.com Group from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, April 23rd. Finally, Cantor Fitzgerald started coverage on Gambling.com Group in a research note on Wednesday, March 5th. They issued an “overweight” rating and a $20.00 price target on the stock. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Gambling.com Group currently has an average rating of “Buy” and an average price target of $17.67.

Gambling.com Group Trading Up 1.0%

NASDAQ:GAMB opened at $14.72 on Thursday. The firm has a market capitalization of $511.71 million, a price-to-earnings ratio of 18.87 and a beta of 1.04. The business’s 50-day moving average price is $12.65 and its two-hundred day moving average price is $13.28. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.20. Gambling.com Group Limited has a 1-year low of $7.52 and a 1-year high of $17.14.

Gambling.com Group (NASDAQ:GAMB) last released its quarterly earnings results on Thursday, March 20th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.10. The company 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 company’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities analysts expect that Gambling.com Group Limited will post 0.88 earnings per share for the current year.

Gambling.com Group Company 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.