Quantbot Technologies LP Purchases 10,154 Shares of Gambling.com Group Limited (NASDAQ:GAMB)

Quantbot Technologies LP increased its holdings in Gambling.com Group Limited (NASDAQ:GAMB) by 12,853.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 10,233 shares of the company’s stock after buying an additional 10,154 shares during the period. Quantbot Technologies LP’s holdings in Gambling.com Group were worth $144,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of GAMB. Barclays PLC raised its position in Gambling.com Group by 94.0% in the third quarter. Barclays PLC now owns 38,494 shares of the company’s stock worth $385,000 after acquiring an additional 18,656 shares during the period. Los Angeles Capital Management LLC bought a new stake in shares of Gambling.com Group in the 4th quarter worth approximately $2,280,000. Gagnon Securities LLC purchased a new position in Gambling.com Group in the fourth quarter valued at approximately $317,000. M&T Bank Corp bought a new position in Gambling.com Group during the fourth quarter valued at $195,000. Finally, IFP Advisors Inc purchased a new stake in Gambling.com Group in the fourth quarter worth $49,000. 72.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Cantor Fitzgerald initiated 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. Benchmark reaffirmed a “buy” rating and set a $18.00 target price on shares of Gambling.com Group in a report on Thursday, February 20th. Jefferies Financial Group increased their price objective on Gambling.com Group from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. BTIG Research lifted their target price on shares of Gambling.com Group from $13.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Finally, Craig Hallum upped their price objective on Gambling.com Group from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Nine investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $17.56.

Gambling.com Group Stock Down 5.1 %

Shares of Gambling.com Group stock opened at $12.67 on Monday. The company’s 50 day moving average price is $14.17 and its 200-day moving average price is $12.69. Gambling.com Group Limited has a 52-week low of $7.52 and a 52-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 stock has a market capitalization of $440.45 million, a price-to-earnings ratio of 16.24 and a beta of 0.99.

Gambling.com Group (NASDAQ:GAMB) last issued its quarterly earnings data on Thursday, March 20th. The company reported $0.35 EPS for the quarter, beating 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 firm’s revenue for the quarter was up 8.6% on a year-over-year basis. Equities research analysts forecast that Gambling.com Group Limited will post 0.88 EPS for the current year.

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.