Arrowstreet Capital Limited Partnership Increases Stake in Gambling.com Group Limited (NASDAQ:GAMB)

Arrowstreet Capital Limited Partnership increased its holdings in Gambling.com Group Limited (NASDAQ:GAMB - Free Report) by 551.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 173,059 shares of the company's stock after acquiring an additional 146,512 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.46% of Gambling.com Group worth $2,437,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Global Retirement Partners LLC boosted its stake in Gambling.com Group by 1,613.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,971 shares of the company's stock valued at $28,000 after acquiring an additional 1,856 shares in the last quarter. IFP Advisors Inc acquired a new stake in shares of Gambling.com Group in the 4th quarter worth $49,000. Quantbot Technologies LP grew its stake in Gambling.com Group by 12,853.2% during the 4th quarter. Quantbot Technologies LP now owns 10,233 shares of the company's stock worth $144,000 after buying an additional 10,154 shares during the last quarter. Intech Investment Management LLC acquired a new position in Gambling.com Group during the 4th quarter valued at about $146,000. Finally, Virtu Financial LLC purchased a new stake in Gambling.com Group in the fourth quarter valued at about $146,000. 72.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on GAMB shares. Benchmark reiterated a "buy" rating and set a $18.00 price objective on shares of Gambling.com Group in a research note on Thursday, February 20th. Macquarie lifted their target price on 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 target price on Gambling.com Group from $20.00 to $21.00 and gave the company a "buy" rating in a research report on Wednesday, January 15th. Finally, Cantor Fitzgerald assumed 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 for the company. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $17.56.

Gambling.com Group Trading Up 1.6 %

GAMB traded up $0.20 during trading hours on Tuesday, reaching $12.09. The company's stock had a trading volume of 60,084 shares, compared to its average volume of 265,728. The stock has a market cap of $420.11 million, a PE ratio of 15.49 and a beta of 1.04. Gambling.com Group Limited has a fifty-two week low of $7.52 and a fifty-two week high of $17.14. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 1.03. The business's 50-day moving average is $13.57 and its 200-day moving average is $12.85.

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