State of Wyoming Has $361,000 Holdings in Gambling.com Group Limited (NASDAQ:GAMB)

State of Wyoming boosted its stake in Gambling.com Group Limited (NASDAQ:GAMB) by 134.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,616 shares of the company’s stock after purchasing an additional 14,697 shares during the quarter. State of Wyoming owned about 0.07% of Gambling.com Group worth $361,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. G2 Investment Partners Management LLC lifted its position in shares of Gambling.com Group by 22.8% during the 4th quarter. G2 Investment Partners Management LLC now owns 825,147 shares of the company’s stock worth $11,618,000 after buying an additional 153,173 shares during the last quarter. Driehaus Capital Management LLC bought a new stake in shares of Gambling.com Group during the 4th quarter worth $7,168,000. Dimensional Fund Advisors LP lifted its position in shares of Gambling.com Group by 12.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 503,426 shares of the company’s stock worth $7,089,000 after buying an additional 56,268 shares during the last quarter. Topline Capital Management LLC bought a new stake in shares of Gambling.com Group during the 4th quarter worth $6,700,000. Finally, Hillsdale Investment Management Inc. lifted its position in shares of Gambling.com Group by 1,320.6% during the 4th quarter. Hillsdale Investment Management Inc. now owns 339,531 shares of the company’s stock worth $4,781,000 after buying an additional 315,631 shares during the last quarter. 72.26% of the stock is currently owned by institutional investors.

Gambling.com Group Price Performance

Gambling.com Group stock opened at $12.09 on Thursday. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $420.28 million, a PE ratio of 15.50 and a beta of 1.04. Gambling.com Group Limited has a 12 month low of $7.52 and a 12 month high of $17.14. The stock has a 50-day moving average price of $12.68 and a two-hundred day moving average price of $13.38.

Gambling.com Group (NASDAQ:GAMB) last issued its quarterly earnings data on Thursday, May 15th. The company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.27. Gambling.com Group had a return on equity of 25.06% and a net margin of 23.40%. The company had revenue of $40.64 million during the quarter, compared to the consensus estimate of $40.07 million. Analysts expect that Gambling.com Group Limited will post 0.88 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on GAMB shares. Macquarie upped their price objective on Gambling.com Group from $18.00 to $19.00 and gave the stock an “outperform” rating in a research report on Friday, March 21st. Benchmark restated a “buy” rating and set a $18.00 price objective on shares of Gambling.com Group in a research report on Thursday, February 20th. Truist Financial dropped their target price on Gambling.com Group from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday, April 23rd. Finally, Cantor Fitzgerald initiated coverage on Gambling.com Group in a research report on Wednesday, March 5th. They issued an “overweight” rating and a $20.00 target price for the company. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $18.25.

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.