Gambling.com Group Limited (NASDAQ:GAMB) Stock Position Decreased by Renaissance Technologies LLC

Renaissance Technologies LLC lessened its stake in shares of Gambling.com Group Limited (NASDAQ:GAMB - Free Report) by 40.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 137,084 shares of the company's stock after selling 93,444 shares during the quarter. Renaissance Technologies LLC owned about 0.37% of Gambling.com Group worth $1,930,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of GAMB. Hillsdale Investment Management Inc. boosted its holdings in shares of Gambling.com Group by 1,320.6% during the fourth quarter. Hillsdale Investment Management Inc. now owns 339,531 shares of the company's stock worth $4,781,000 after purchasing an additional 315,631 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Gambling.com Group in the 4th quarter worth $2,280,000. Arrowstreet Capital Limited Partnership raised its position in shares of Gambling.com Group by 551.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 173,059 shares of the company's stock worth $2,437,000 after buying an additional 146,512 shares during the period. JPMorgan Chase & Co. raised its position in shares of Gambling.com Group by 1,631.9% in the 4th quarter. JPMorgan Chase & Co. now owns 137,201 shares of the company's stock worth $1,932,000 after buying an additional 129,279 shares during the period. Finally, Wakefield Asset Management LLLP purchased a new position in shares of Gambling.com Group in the 4th quarter worth $986,000. Institutional investors and hedge funds own 72.26% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on GAMB. Cantor Fitzgerald began coverage on Gambling.com Group in a research report on Wednesday, March 5th. They issued an "overweight" rating and a $20.00 target price on the stock. 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 upped their price objective on 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 raised their price target on Gambling.com Group from $18.00 to $19.00 and gave the stock an "outperform" rating in a report on Friday, March 21st. Finally, Truist Financial dropped 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, April 23rd. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $17.67.

Gambling.com Group Trading Up 0.1 %

Shares of NASDAQ:GAMB traded up $0.01 during midday trading on Monday, reaching $12.79. The company had a trading volume of 184,761 shares, compared to its average volume of 270,869. 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 1-year low of $7.52 and a 1-year high of $17.14. The firm has a market cap of $444.62 million, a price-to-earnings ratio of 16.40 and a beta of 1.04. The company has a fifty day simple moving average of $12.76 and a two-hundred day simple moving average of $13.02.

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 for the quarter, beating analysts' consensus estimates of $0.25 by $0.10. Gambling.com Group had a return on equity of 25.06% and a net margin of 23.40%. The business had revenue of $35.30 million during the quarter, compared to analyst estimates of $35.20 million. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. Research analysts predict that Gambling.com Group Limited will post 0.88 earnings per share for the current year.

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.