Tocqueville Asset Management L.P. Raises Position in Gambling.com Group Limited (NASDAQ:GAMB)

Tocqueville Asset Management L.P. raised its stake in Gambling.com Group Limited (NASDAQ:GAMB - Free Report) by 44.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 130,000 shares of the company's stock after acquiring an additional 40,000 shares during the quarter. Tocqueville Asset Management L.P. owned approximately 0.35% of Gambling.com Group worth $1,830,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Global Retirement Partners LLC increased its holdings in Gambling.com Group by 1,613.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,971 shares of the company's stock worth $28,000 after acquiring an additional 1,856 shares during the last quarter. IFP Advisors Inc purchased a new stake in shares of Gambling.com Group during the 4th quarter valued at approximately $49,000. MetLife Investment Management LLC grew its stake in Gambling.com Group by 111.2% in the 3rd quarter. MetLife Investment Management LLC now owns 12,384 shares of the company's stock valued at $124,000 after buying an additional 6,519 shares in the last quarter. New York State Common Retirement Fund raised its holdings in Gambling.com Group by 138.4% during the 4th quarter. New York State Common Retirement Fund now owns 10,497 shares of the company's stock valued at $148,000 after acquiring an additional 6,093 shares during the period. Finally, SG Americas Securities LLC bought a new stake in Gambling.com Group during the 4th quarter valued at $163,000. 72.26% of the stock is owned by institutional investors.

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Gambling.com Group Trading Up 5.5 %

Shares of NASDAQ:GAMB traded up $0.72 during midday trading on Monday, hitting $13.92. 503,182 shares of the stock traded hands, compared to its average volume of 251,968. 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 business's 50 day moving average is $14.20 and its two-hundred day moving average is $12.57. The stock has a market capitalization of $518.14 million, a PE ratio of 17.85 and a beta of 0.99. Gambling.com Group Limited has a one year low of $7.52 and a one year high of $17.14.

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

Analysts Set New Price Targets

GAMB has been the subject of a number of recent analyst reports. Craig Hallum boosted their price target on shares of Gambling.com Group from $16.00 to $18.00 and gave the company a "buy" rating in a research report on Friday, December 13th. Macquarie boosted their price objective on Gambling.com Group from $18.00 to $19.00 and gave the stock an "outperform" rating in a report on Friday. Cantor Fitzgerald started coverage on shares of Gambling.com Group in a research report on Wednesday, March 5th. They set an "overweight" rating and a $20.00 target price for the company. Jefferies Financial Group increased 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. Finally, BTIG Research lifted their price objective on shares of Gambling.com Group from $13.00 to $19.00 and gave the stock a "buy" rating in a report on Friday, December 13th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Gambling.com Group currently has an average rating of "Buy" and a consensus target price of $17.56.

About Gambling.com Group

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.