Quantbot Technologies LP Has $144,000 Holdings in Gambling.com Group Limited (NASDAQ:GAMB)

Quantbot Technologies LP grew its position in Gambling.com Group Limited (NASDAQ:GAMB) by 12,853.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,233 shares of the company’s stock after purchasing an additional 10,154 shares during the period. Quantbot Technologies LP’s holdings in Gambling.com Group were worth $144,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Intech Investment Management LLC acquired a new stake in shares of Gambling.com Group in the fourth quarter valued at approximately $146,000. Tocqueville Asset Management L.P. lifted its position in Gambling.com Group by 44.4% during the fourth quarter. Tocqueville Asset Management L.P. now owns 130,000 shares of the company’s stock worth $1,830,000 after acquiring an additional 40,000 shares during the last quarter. M&T Bank Corp bought a new stake in shares of Gambling.com Group during the fourth quarter worth approximately $195,000. Wakefield Asset Management LLLP acquired a new position in shares of Gambling.com Group in the fourth quarter valued at approximately $986,000. Finally, Los Angeles Capital Management LLC bought a new position in shares of Gambling.com Group during the fourth quarter worth approximately $2,280,000. 72.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. 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 report on Wednesday, January 15th. Craig Hallum raised their price objective on Gambling.com Group from $16.00 to $18.00 and gave the company a “buy” rating in a report on Friday, December 13th. Benchmark reissued a “buy” rating and issued a $18.00 price objective on shares of Gambling.com Group in a research note on Thursday, February 20th. Macquarie upped their price objective on shares of Gambling.com Group from $18.00 to $19.00 and gave the company an “outperform” rating in a research note on Friday, March 21st. Finally, BTIG Research raised their target price on Gambling.com Group from $13.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat, Gambling.com Group presently has an average rating of “Buy” and a consensus price target of $17.56.

Gambling.com Group Stock Down 5.1 %

Gambling.com Group stock opened at $12.67 on Monday. The firm has a market capitalization of $440.45 million, a price-to-earnings ratio of 16.24 and a beta of 0.99. The firm’s fifty day moving average price is $14.17 and its two-hundred day moving average price is $12.69. 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 announced 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. The business had revenue of $35.30 million for the quarter, compared to analysts’ expectations of $35.20 million. Gambling.com Group had a net margin of 23.40% and a return on equity of 25.06%. The company’s revenue was up 8.6% on a year-over-year basis. On average, equities research analysts predict that Gambling.com Group Limited will post 0.88 earnings per share for the current fiscal 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.