Yarra Square Partners LP Raises Stock Position in Gambling.com Group Limited (NASDAQ:GAMB)

Yarra Square Partners LP boosted its position in Gambling.com Group Limited (NASDAQ:GAMB) by 27.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 312,981 shares of the company’s stock after purchasing an additional 67,000 shares during the quarter. Gambling.com Group comprises 2.3% of Yarra Square Partners LP’s investment portfolio, making the stock its 18th biggest position. Yarra Square Partners LP owned about 0.84% of Gambling.com Group worth $2,573,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Clearbridge Investments LLC raised its holdings in shares of Gambling.com Group by 10.4% in the 1st quarter. Clearbridge Investments LLC now owns 972,250 shares of the company’s stock valued at $8,877,000 after acquiring an additional 91,799 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Gambling.com Group by 13.7% in the second quarter. Dimensional Fund Advisors LP now owns 398,016 shares of the company’s stock valued at $3,272,000 after purchasing an additional 47,843 shares in the last quarter. Renaissance Technologies LLC lifted its position in Gambling.com Group by 4.2% during the second quarter. Renaissance Technologies LLC now owns 298,800 shares of the company’s stock valued at $2,456,000 after purchasing an additional 12,000 shares during the last quarter. Wedge Capital Management L L P NC grew its stake in Gambling.com Group by 197.7% in the 2nd quarter. Wedge Capital Management L L P NC now owns 202,727 shares of the company’s stock worth $1,666,000 after buying an additional 134,620 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Gambling.com Group by 5.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 41,714 shares of the company’s stock valued at $343,000 after buying an additional 2,090 shares in the last quarter. 72.26% of the stock is owned by institutional investors.

Gambling.com Group Price Performance

Shares of Gambling.com Group stock opened at $9.99 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.99 and a current ratio of 0.99. Gambling.com Group Limited has a 52-week low of $7.51 and a 52-week high of $14.43. The company has a fifty day moving average of $9.66 and a 200-day moving average of $8.88. The stock has a market capitalization of $371.86 million, a price-to-earnings ratio of 20.39 and a beta of 0.86.

Gambling.com Group (NASDAQ:GAMB) last posted its quarterly earnings results on Thursday, August 15th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.07. The business had revenue of $30.54 million during the quarter, compared to analyst estimates of $27.11 million. Gambling.com Group had a net margin of 22.13% and a return on equity of 22.98%. Equities research analysts expect that Gambling.com Group Limited will post 0.79 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Truist Financial reiterated a “buy” rating and issued a $13.00 target price (up from $12.00) on shares of Gambling.com Group in a research report on Friday, August 16th. Craig Hallum upped their price objective on Gambling.com Group from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Gambling.com Group currently has an average rating of “Buy” and an average target price of $13.25.

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.