Topsail Wealth Management LLC Acquires New Shares in Gambling.com Group Limited (NASDAQ:GAMB)

Topsail Wealth Management LLC bought a new position in Gambling.com Group Limited (NASDAQ:GAMB - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 170,424 shares of the company's stock, valued at approximately $2,400,000. Gambling.com Group accounts for about 0.5% of Topsail Wealth Management LLC's holdings, making the stock its 21st largest holding. Topsail Wealth Management LLC owned about 0.46% of Gambling.com Group as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Global Retirement Partners LLC grew its stake in shares of Gambling.com Group by 1,613.9% during the fourth 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 last quarter. Russell Investments Group Ltd. boosted its position in 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 purchasing an additional 2,303 shares during the last quarter. Quadrant Capital Group LLC increased its stake in shares of Gambling.com Group by 481.8% during the 4th quarter. Quadrant Capital Group LLC now owns 2,461 shares of the company's stock worth $35,000 after purchasing an additional 2,038 shares during the last quarter. IFP Advisors Inc acquired a new stake in shares of Gambling.com Group during the 4th quarter worth about $49,000. Finally, Quantbot Technologies LP boosted its position 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 acquiring an additional 10,154 shares during the period. Hedge funds and other institutional investors own 72.26% of the company's stock.

Gambling.com Group Stock Performance

NASDAQ:GAMB traded up $0.09 during mid-day trading on Tuesday, hitting $12.88. 174,687 shares of the company traded hands, compared to its average volume of 270,486. Gambling.com Group Limited has a one year low of $7.52 and a one year high of $17.14. The firm has a market cap of $447.75 million, a price-to-earnings ratio of 16.51 and a beta of 1.04. The stock's fifty day moving average price is $12.76 and its 200-day moving average price is $13.02. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.20.

Gambling.com Group (NASDAQ:GAMB - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm's revenue was up 8.6% compared to the same quarter last year. Research analysts anticipate that Gambling.com Group Limited will post 0.88 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on GAMB. Macquarie raised their target price on shares of Gambling.com Group from $18.00 to $19.00 and gave the company an "outperform" rating in a research report on Friday, March 21st. Benchmark reiterated a "buy" rating and set a $18.00 price objective on shares of Gambling.com Group in a report on Thursday, February 20th. Jefferies Financial Group raised 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. Cantor Fitzgerald assumed coverage on shares of Gambling.com Group in a report on Wednesday, March 5th. They set an "overweight" rating and a $20.00 price objective on the stock. Finally, Truist Financial dropped their price target on Gambling.com Group from $18.00 to $17.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Gambling.com Group presently has a consensus rating of "Buy" and a consensus price target of $17.67.

Gambling.com Group 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.