475,851 Shares in Gambling.com Group Limited (NASDAQ:GAMB) Acquired by Topline Capital Management LLC

Topline Capital Management LLC acquired a new stake in Gambling.com Group Limited (NASDAQ:GAMB - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 475,851 shares of the company's stock, valued at approximately $6,700,000. Gambling.com Group makes up 1.3% of Topline Capital Management LLC's holdings, making the stock its 16th largest holding. Topline Capital Management LLC owned approximately 1.28% of Gambling.com Group as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Dimensional Fund Advisors LP grew its position in shares of Gambling.com Group by 12.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 503,426 shares of the company's stock valued at $7,089,000 after purchasing an additional 56,268 shares in the last quarter. Hillsdale Investment Management Inc. boosted its stake in Gambling.com Group by 1,320.6% in the 4th quarter. Hillsdale Investment Management Inc. now owns 339,531 shares of the company's stock worth $4,781,000 after purchasing an additional 315,631 shares during the period. Marshall Wace LLP grew its holdings in Gambling.com Group by 501.1% during the 4th quarter. Marshall Wace LLP now owns 323,781 shares of the company's stock valued at $4,559,000 after buying an additional 269,916 shares in the last quarter. Orvieto Partners L.P. bought a new stake in shares of Gambling.com Group during the fourth quarter valued at about $3,098,000. Finally, State Street Corp lifted its holdings in shares of Gambling.com Group by 4.2% in the third quarter. State Street Corp now owns 194,120 shares of the company's stock worth $1,945,000 after buying an additional 7,806 shares in the last quarter. Institutional investors own 72.26% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on GAMB shares. Macquarie upped their target price on shares of Gambling.com Group from $18.00 to $19.00 and gave the stock an "outperform" rating in a report on Friday, March 21st. Jefferies Financial Group upped their price target on shares of Gambling.com Group from $20.00 to $21.00 and gave the stock a "buy" rating in a report on Wednesday, January 15th. Cantor Fitzgerald began coverage on Gambling.com Group in a research report on Wednesday, March 5th. They issued an "overweight" rating and a $20.00 price objective on the stock. Benchmark restated a "buy" rating and issued a $18.00 target price on shares of Gambling.com Group in a research note on Thursday, February 20th. Finally, Truist Financial lowered their price target on Gambling.com Group from $18.00 to $17.00 and set a "buy" rating on the stock in a report on Wednesday. Nine research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $17.67.

Gambling.com Group Trading Up 2.7 %

Shares of GAMB stock opened at $12.55 on Friday. The business has a 50-day moving average price of $12.89 and a two-hundred day moving average price of $12.93. Gambling.com Group Limited has a 12-month low of $7.52 and a 12-month high of $17.14. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.20. The firm has a market cap of $436.28 million, a P/E ratio of 16.09 and a beta of 1.04.

Gambling.com Group (NASDAQ:GAMB - Get Free Report) last released its earnings results on Thursday, March 20th. The company reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.25 by $0.10. Gambling.com Group had a return on equity of 25.06% and a net margin of 23.40%. The company had revenue of $35.30 million during the quarter, compared to the consensus estimate of $35.20 million. The company's revenue was up 8.6% compared to the same quarter last year. Equities analysts anticipate 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.

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