Quadrant Capital Group LLC Grows Position in Gambling.com Group Limited (NASDAQ:GAMB)

Quadrant Capital Group LLC lifted its holdings in Gambling.com Group Limited (NASDAQ:GAMB) by 481.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,461 shares of the company’s stock after buying an additional 2,038 shares during the period. Quadrant Capital Group LLC’s holdings in Gambling.com Group were worth $35,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Barclays PLC lifted its stake in Gambling.com Group by 94.0% in the 3rd quarter. Barclays PLC now owns 38,494 shares of the company’s stock worth $385,000 after purchasing an additional 18,656 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Gambling.com Group in the fourth quarter valued at approximately $2,280,000. Gagnon Securities LLC purchased a new position in Gambling.com Group during the fourth quarter worth approximately $317,000. M&T Bank Corp acquired a new position in Gambling.com Group during the fourth quarter worth $195,000. Finally, State Street Corp grew its holdings in Gambling.com Group by 4.2% in the 3rd quarter. State Street Corp now owns 194,120 shares of the company’s stock valued at $1,945,000 after buying an additional 7,806 shares in the last quarter. 72.26% of the stock is currently owned by institutional investors and hedge funds.

Gambling.com Group Stock Down 0.5 %

NASDAQ:GAMB opened at $11.83 on Friday. Gambling.com Group Limited has a 52 week low of $7.52 and a 52 week high of $17.14. The stock’s fifty day moving average is $13.64 and its two-hundred day moving average is $12.82. The stock has a market capitalization of $411.25 million, a price-to-earnings ratio of 15.17 and a beta of 1.04. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.20.

Gambling.com Group (NASDAQ:GAMB) last posted its earnings results on Thursday, March 20th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.10. The firm had revenue of $35.30 million for the quarter, compared to analyst estimates of $35.20 million. Gambling.com Group had a return on equity of 25.06% and a net margin of 23.40%. The business’s revenue was up 8.6% on a year-over-year basis. Research analysts anticipate that Gambling.com Group Limited will post 0.88 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Benchmark reissued a “buy” rating and set a $18.00 price target on shares of Gambling.com Group in a research report on Thursday, February 20th. Cantor Fitzgerald assumed coverage on shares of Gambling.com Group in a report on Wednesday, March 5th. They issued an “overweight” rating and a $20.00 target price on the stock. Craig Hallum raised their price target on shares of Gambling.com Group from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Macquarie upped 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. Finally, Jefferies Financial Group raised their target price on Gambling.com Group from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $17.56.

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.