Bank of New York Mellon Corp Buys 3,729 Shares of Gambling.com Group Limited (NASDAQ:GAMB)

Bank of New York Mellon Corp raised its stake in Gambling.com Group Limited (NASDAQ:GAMB) by 12.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 34,540 shares of the company’s stock after buying an additional 3,729 shares during the quarter. Bank of New York Mellon Corp owned about 0.09% of Gambling.com Group worth $486,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of GAMB. Global Retirement Partners LLC boosted its position in 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. IFP Advisors Inc acquired a new stake in shares of Gambling.com Group in the fourth quarter valued at approximately $49,000. MetLife Investment Management LLC raised its stake in Gambling.com Group by 111.2% in the third quarter. MetLife Investment Management LLC now owns 12,384 shares of the company’s stock valued at $124,000 after purchasing an additional 6,519 shares in the last quarter. New York State Common Retirement Fund boosted its position in shares of Gambling.com Group by 138.4% during the 4th quarter. New York State Common Retirement Fund now owns 10,497 shares of the company’s stock worth $148,000 after acquiring an additional 6,093 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Gambling.com Group in the fourth quarter valued at about $163,000. Institutional investors and hedge funds own 72.26% of the company’s stock.

Gambling.com Group Stock Down 0.4 %

GAMB opened at $13.35 on Friday. The firm’s 50 day simple moving average is $14.19 and its two-hundred day simple moving average is $12.63. The company has a market capitalization of $464.09 million, a PE ratio of 17.12 and a beta of 0.99. Gambling.com Group Limited has a 1-year low of $7.52 and a 1-year high of $17.14. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.20.

Gambling.com Group (NASDAQ:GAMB) last issued its quarterly earnings results on Thursday, March 20th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.10. Gambling.com Group had a net margin of 23.40% and a return on equity of 25.06%. The business had revenue of $35.30 million for the quarter, compared to the consensus estimate of $35.20 million. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, equities analysts forecast that Gambling.com Group Limited will post 0.88 EPS for the current year.

Analysts Set New Price Targets

GAMB has been the topic of several recent research reports. Macquarie raised their price objective on Gambling.com Group from $18.00 to $19.00 and gave the company an “outperform” rating in a report on Friday, March 21st. Jefferies Financial Group raised their price objective 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. Benchmark reaffirmed a “buy” rating and set a $18.00 target price on shares of Gambling.com Group in a research report on Thursday, February 20th. BTIG Research raised their target price on Gambling.com Group from $13.00 to $19.00 and gave the company a “buy” rating in a report on Friday, December 13th. Finally, Craig Hallum lifted their target price on shares of Gambling.com Group from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Nine analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $17.56.

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.