Price T Rowe Associates Inc. MD Takes $794,000 Position in Gambling.com Group Limited (NASDAQ:GAMB)

Price T Rowe Associates Inc. MD purchased a new position in shares of Gambling.com Group Limited (NASDAQ:GAMB) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 56,342 shares of the company’s stock, valued at approximately $794,000.

Several other institutional investors and hedge funds have also made changes to their positions in GAMB. J. Safra Sarasin Holding AG increased its holdings in Gambling.com Group by 12.9% during the 4th quarter. J. Safra Sarasin Holding AG now owns 34,310 shares of the company’s stock valued at $483,000 after acquiring an additional 3,910 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Gambling.com Group by 12.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 503,426 shares of the company’s stock worth $7,089,000 after purchasing an additional 56,268 shares during the last quarter. Marshall Wace LLP lifted its stake in Gambling.com Group by 501.1% in the 4th quarter. Marshall Wace LLP now owns 323,781 shares of the company’s stock valued at $4,559,000 after buying an additional 269,916 shares in the last quarter. EAM Investors LLC acquired a new stake in Gambling.com Group during the 4th quarter valued at $1,006,000. Finally, Jump Financial LLC purchased a new position in Gambling.com Group during the fourth quarter worth $153,000. 72.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GAMB has been the topic of several recent research reports. Macquarie upped their price objective on Gambling.com Group from $18.00 to $19.00 and gave the company an “outperform” rating in a research report on Friday, March 21st. Truist Financial reduced their target price on shares of Gambling.com Group from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, April 23rd. 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 target for the company. Benchmark reissued a “buy” rating and set a $18.00 price objective on shares of Gambling.com Group in a research note on Thursday, February 20th. Finally, Jefferies Financial Group raised their target price on shares of Gambling.com Group from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. Nine analysts have rated the stock with a buy rating, According to MarketBeat, Gambling.com Group has an average rating of “Buy” and an average target price of $17.67.

Gambling.com Group Price Performance

Gambling.com Group stock opened at $13.70 on Monday. Gambling.com Group Limited has a 1 year low of $7.52 and a 1 year 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 firm has a 50 day moving average price of $12.56 and a 200 day moving average price of $13.23. The company has a market cap of $476.25 million, a price-to-earnings ratio of 17.56 and a beta of 1.04.

Gambling.com Group (NASDAQ:GAMB) last issued its earnings results on Thursday, March 20th. The company reported $0.35 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $35.20 million. The company’s revenue was up 8.6% compared to the same quarter last year. Sell-side analysts predict that Gambling.com Group Limited will post 0.88 earnings per share for the current year.

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.