Gambling.com Group (NASDAQ:GAMB) CFO Martin Elias Mark Acquires 3,860 Shares of Stock

Gambling.com Group Limited (NASDAQ:GAMB) CFO Martin Elias Mark purchased 3,860 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The shares were acquired at an average cost of $3.24 per share, with a total value of $12,506.40. Following the completion of the acquisition, the chief financial officer directly owned 803,256 shares in the company, valued at approximately $2,602,549.44. This represents a 0.48% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Gambling.com Group Trading Up 0.5%

GAMB stock opened at $3.73 on Thursday. The business has a fifty day moving average price of $4.00 and a 200 day moving average price of $5.18. Gambling.com Group Limited has a fifty-two week low of $3.58 and a fifty-two week high of $14.95. The stock has a market capitalization of $130.92 million, a price-to-earnings ratio of -3.93 and a beta of 0.91. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.21 and a quick ratio of 1.21.

Gambling.com Group (NASDAQ:GAMB) last released its quarterly earnings results on Thursday, March 12th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.10. Gambling.com Group had a positive return on equity of 38.87% and a negative net margin of 19.90%.The firm had revenue of $46.24 million during the quarter, compared to analysts’ expectations of $46.06 million. Analysts expect that Gambling.com Group Limited will post 0.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on GAMB shares. Jefferies Financial Group dropped their price target on Gambling.com Group from $8.00 to $7.00 and set a “buy” rating for the company in a report on Friday, March 13th. Stifel Nicolaus dropped their price target on Gambling.com Group from $8.00 to $6.00 and set a “buy” rating for the company in a report on Thursday, April 9th. Wall Street Zen raised Gambling.com Group from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Glj Research set a $7.50 price target on Gambling.com Group in a report on Thursday, March 12th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Gambling.com Group in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Gambling.com Group presently has an average rating of “Moderate Buy” and a consensus price target of $7.63.

Institutional Investors Weigh In On Gambling.com Group

Several hedge funds and other institutional investors have recently made changes to their positions in GAMB. Tower Research Capital LLC TRC increased its stake in shares of Gambling.com Group by 653.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,254 shares of the company’s stock valued at $62,000 after buying an additional 4,557 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Gambling.com Group in the 4th quarter valued at $65,000. Deutsche Bank AG increased its stake in shares of Gambling.com Group by 3,262.2% in the 4th quarter. Deutsche Bank AG now owns 12,978 shares of the company’s stock valued at $71,000 after buying an additional 12,592 shares during the period. HRT Financial LP acquired a new stake in shares of Gambling.com Group in the 4th quarter valued at $88,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Gambling.com Group in the 4th quarter valued at $99,000. 72.26% of the stock is owned by institutional investors and hedge funds.

Gambling.com Group Company Profile

Gambling.com Group is a digital performance marketing company specializing in the online gambling industry. Through a diversified portfolio of affiliate websites, the company generates leads and traffic for operators in segments such as sports betting, online casino, poker, bingo and daily fantasy sports. Its platforms offer in-depth reviews, expert guides, comparison tools and editorial content designed to help players make informed choices and drive conversions for partner brands.

The group’s service offerings include search engine optimization, pay-per-click campaigns, display advertising, email marketing and social media management.