Marshall Wace LLP Has $4.56 Million Holdings in Gambling.com Group Limited (NASDAQ:GAMB)

Marshall Wace LLP boosted its stake in Gambling.com Group Limited (NASDAQ:GAMB - Free Report) by 501.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 323,781 shares of the company's stock after purchasing an additional 269,916 shares during the period. Marshall Wace LLP owned about 0.87% of Gambling.com Group worth $4,559,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. EAM Investors LLC acquired a new position in shares of Gambling.com Group in the 4th quarter worth approximately $1,006,000. Jump Financial LLC bought a new position in Gambling.com Group during the fourth quarter worth $153,000. Barclays PLC lifted its holdings in Gambling.com Group by 8.0% in the fourth quarter. Barclays PLC now owns 41,565 shares of the company's stock valued at $585,000 after buying an additional 3,071 shares during the period. Quadrant Capital Group LLC boosted its position in Gambling.com Group by 481.8% during the fourth quarter. Quadrant Capital Group LLC now owns 2,461 shares of the company's stock valued at $35,000 after acquiring an additional 2,038 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in Gambling.com Group by 1,968.4% during the 4th quarter. Russell Investments Group Ltd. now owns 2,420 shares of the company's stock worth $34,000 after acquiring an additional 2,303 shares during the period. 72.26% of the stock is owned by institutional investors.

Gambling.com Group Trading Up 2.7 %

Shares of GAMB opened at $12.55 on Friday. 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 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 quick ratio of 1.03 and a current ratio of 1.03. The business has a 50-day moving average of $12.89 and a 200 day moving average of $12.93.

Gambling.com Group (NASDAQ:GAMB - Get Free Report) last posted its earnings results 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 firm had revenue of $35.30 million during 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%. The company'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 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on GAMB shares. Truist Financial cut their target price on Gambling.com Group from $18.00 to $17.00 and set a "buy" rating on the stock in a research report on Wednesday. Benchmark restated a "buy" rating and set a $18.00 price target on shares of Gambling.com Group in a report on Thursday, February 20th. Jefferies Financial Group lifted their price objective on shares of Gambling.com Group from $20.00 to $21.00 and gave the company a "buy" rating in a research note on Wednesday, January 15th. Macquarie increased their target price 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. Finally, Cantor Fitzgerald initiated coverage on shares of Gambling.com Group in a report on Wednesday, March 5th. They issued an "overweight" rating and a $20.00 price target for the company. Nine analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $17.67.

Gambling.com Group Company 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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