Marshall Wace LLP Trims Stock Position in Gambling.com Group Limited (NASDAQ:GAMB)

Marshall Wace LLP trimmed its holdings in shares of Gambling.com Group Limited (NASDAQ:GAMB) by 10.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,207 shares of the company’s stock after selling 7,966 shares during the period. Marshall Wace LLP owned about 0.18% of Gambling.com Group worth $561,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Hsbc Holdings PLC acquired a new stake in Gambling.com Group during the 2nd quarter valued at $115,000. American Century Companies Inc. lifted its position in shares of Gambling.com Group by 38.0% in the second quarter. American Century Companies Inc. now owns 15,523 shares of the company’s stock valued at $128,000 after acquiring an additional 4,276 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Gambling.com Group by 29.8% during the second quarter. Rhumbline Advisers now owns 21,950 shares of the company’s stock valued at $180,000 after acquiring an additional 5,043 shares during the last quarter. Gabelli Funds LLC increased its position in Gambling.com Group by 4.2% during the 2nd quarter. Gabelli Funds LLC now owns 32,000 shares of the company’s stock worth $263,000 after purchasing an additional 1,300 shares in the last quarter. Finally, Capstone Investment Advisors LLC raised its stake in Gambling.com Group by 9.0% in the 1st quarter. Capstone Investment Advisors LLC now owns 32,700 shares of the company’s stock valued at $299,000 after purchasing an additional 2,700 shares during the last quarter. 72.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Gambling.com Group Stock Down 0.7 %

GAMB opened at $9.80 on Thursday. Gambling.com Group Limited has a 12 month low of $7.51 and a 12 month high of $14.25. The business has a 50-day moving average of $9.85 and a two-hundred day moving average of $9.00. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.99 and a quick ratio of 0.99. The stock has a market capitalization of $364.79 million, a price-to-earnings ratio of 20.00 and a beta of 0.85.

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