Orvieto Partners L.P. Makes New Investment in Gambling.com Group Limited (NASDAQ:GAMB)

Orvieto Partners L.P. bought a new position in shares of Gambling.com Group Limited (NASDAQ:GAMB - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 220,000 shares of the company's stock, valued at approximately $3,098,000. Gambling.com Group accounts for 2.6% of Orvieto Partners L.P.'s portfolio, making the stock its 16th largest holding. Orvieto Partners L.P. owned 0.59% of Gambling.com Group at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Global Retirement Partners LLC raised its stake in Gambling.com Group by 1,613.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,971 shares of the company's stock valued at $28,000 after purchasing an additional 1,856 shares during the period. Russell Investments Group Ltd. raised its position in shares of Gambling.com Group by 1,968.4% during the fourth quarter. Russell Investments Group Ltd. now owns 2,420 shares of the company's stock valued at $34,000 after buying an additional 2,303 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Gambling.com Group by 481.8% in the fourth quarter. Quadrant Capital Group LLC now owns 2,461 shares of the company's stock worth $35,000 after buying an additional 2,038 shares in the last quarter. IFP Advisors Inc purchased a new position in shares of Gambling.com Group in the fourth quarter worth $49,000. Finally, Quantbot Technologies LP boosted its position in shares of Gambling.com Group by 12,853.2% during the fourth quarter. Quantbot Technologies LP now owns 10,233 shares of the company's stock worth $144,000 after acquiring an additional 10,154 shares during the last quarter. Hedge funds and other institutional investors own 72.26% of the company's stock.

Gambling.com Group Trading Up 1.8 %

GAMB stock traded up $0.23 during mid-day trading on Friday, reaching $12.78. 213,567 shares of the stock traded hands, compared to its average volume of 271,215. The business has a 50-day moving average price of $12.82 and a two-hundred day moving average price of $12.97. The stock has a market capitalization of $444.27 million, a PE ratio of 16.38 and a beta of 1.04. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.03 and a current ratio of 1.03. 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 announced its quarterly earnings data on Thursday, March 20th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.10. The business 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 business's revenue was up 8.6% on a year-over-year basis. Equities research analysts expect that Gambling.com Group Limited will post 0.88 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on GAMB. Benchmark reiterated a "buy" rating and issued a $18.00 price target on shares of Gambling.com Group in a research note on Thursday, February 20th. Jefferies Financial Group raised their price target on Gambling.com Group from $20.00 to $21.00 and gave the company a "buy" rating in a report on Wednesday, January 15th. Macquarie upped 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, March 21st. Cantor Fitzgerald started coverage on shares of Gambling.com Group in a report on Wednesday, March 5th. They issued an "overweight" rating and a $20.00 target price for the company. Finally, Truist Financial decreased their price target on shares of Gambling.com Group from $18.00 to $17.00 and set a "buy" rating on the stock in a research note on Wednesday. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Gambling.com Group currently 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.