Hillsdale Investment Management Inc. raised its holdings in Gambling.com Group Limited (NASDAQ:GAMB - Free Report) by 1,320.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 339,531 shares of the company's stock after purchasing an additional 315,631 shares during the quarter. Hillsdale Investment Management Inc. owned 0.91% of Gambling.com Group worth $4,781,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently bought and sold shares of GAMB. Global Retirement Partners LLC raised its holdings in shares of 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 worth $28,000 after acquiring an additional 1,856 shares during the last quarter. IFP Advisors Inc purchased a new position in shares of Gambling.com Group in the 4th quarter valued at $49,000. Quantbot Technologies LP grew its stake in shares of Gambling.com Group by 12,853.2% in the fourth quarter. Quantbot Technologies LP now owns 10,233 shares of the company's stock valued at $144,000 after buying an additional 10,154 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Gambling.com Group during the fourth quarter worth $146,000. Finally, Intech Investment Management LLC acquired a new position in shares of Gambling.com Group in the fourth quarter worth about $146,000. Hedge funds and other institutional investors own 72.26% of the company's stock.
Gambling.com Group Stock Down 2.5 %
Shares of Gambling.com Group stock traded down $0.34 during trading on Wednesday, reaching $13.41. 344,491 shares of the company traded hands, compared to its average volume of 252,925. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 1.03. Gambling.com Group Limited has a 1-year low of $7.52 and a 1-year high of $17.14. The company has a 50 day moving average price of $14.20 and a 200-day moving average price of $12.63. The firm has a market capitalization of $466.17 million, a PE ratio of 17.19 and a beta of 0.99.
Gambling.com Group (NASDAQ:GAMB - Get Free Report) last announced its quarterly earnings data on Thursday, March 20th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.10. The company 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 for the quarter was up 8.6% on a year-over-year basis. As a group, equities research analysts expect that Gambling.com Group Limited will post 0.88 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several brokerages have recently commented on GAMB. Craig Hallum lifted their target price on Gambling.com Group from $16.00 to $18.00 and gave the stock a "buy" rating in a research report on Friday, December 13th. BTIG Research raised their target price 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. Macquarie raised their price objective on shares of Gambling.com Group from $18.00 to $19.00 and gave the stock an "outperform" rating in a research note on Friday, March 21st. Cantor Fitzgerald began coverage on Gambling.com Group in a report on Wednesday, March 5th. They set an "overweight" rating and a $20.00 price objective for the company. Finally, Benchmark restated a "buy" rating and issued a $18.00 target price on shares of Gambling.com Group in a report on Thursday, February 20th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $17.56.
Get Our Latest Stock Report on GAMB
Gambling.com Group Profile
(
Free Report)
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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